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Registration number: 14930594

RKW Enterprises Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 12 June 2023 to 30 June 2024

 

RKW Enterprises Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

RKW Enterprises Limited

(Registration number: 14930594)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Other financial assets

4

294,556

Current assets

 

Debtors

27,406

Cash at bank and in hand

 

74

 

27,480

Creditors: Amounts falling due within one year

(282,187)

Net current liabilities

 

(254,707)

Net assets

 

39,849

Capital and reserves

 

Called up share capital

200

Profit and loss account

39,649

Total equity

 

39,849

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 12 March 2025 and signed on its behalf by:
 

Mr R L Watson

Director

Mrs K Watson

Director

 

RKW Enterprises Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 12 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
5 Cheapside Court
Sunninghill Road
Ascot
Berkshire
SL5 7RF

These financial statements were authorised for issue by the Board on 12 March 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

RKW Enterprises Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 12 June 2023 to 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

421,771

20,300

442,071

Disposals

(147,515)

-

(147,515)

At 30 June 2024

274,256

20,300

294,556

Carrying amount

At 30 June 2024

274,256

20,300

294,556

5

Related party transactions

Advances to directors


Mr R L Watson

During the period Mr R L Watson went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £18,920. At the year end the amount outstanding from Mr R L Watson was £13,520. Interest has been charged at the commercial rate.


Mrs K Watson

During the period Mrs K Watson went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £18,920. At the year end the amount outstanding from Mrs K Watson was £13,520. Interest has been charged at the commercial rate.