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REGISTERED NUMBER: 15124347 (England and Wales)















Financial Statements

for the Period 8 September 2023 to 31 December 2024

for

K&T Warwick Ltd

K&T Warwick Ltd (Registered number: 15124347)

Contents of the Financial Statements
for the Period 8 September 2023 to 31 December 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


K&T Warwick Ltd

Company Information
for the Period 8 September 2023 to 31 December 2024







DIRECTORS: K I Patel
Mrs T K Patel





REGISTERED OFFICE: 15 Albany Crescent
Edgware
United Kingdom
HA8 5AL





REGISTERED NUMBER: 15124347 (England and Wales)






K&T Warwick Ltd (Registered number: 15124347)

Abridged Statement of Financial Position
31 December 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 83,014
Tangible assets 5 33,121
116,135

CURRENT ASSETS
Stocks 43,489
Debtors 211,829
Cash at bank and in hand 17,208
272,526
CREDITORS
Amounts falling due within one year 38,776
NET CURRENT ASSETS 233,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,885

CAPITAL AND RESERVES
Called up share capital 358,002
Retained earnings (8,117 )
349,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

K&T Warwick Ltd (Registered number: 15124347)

Abridged Statement of Financial Position - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the period ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:




K I Patel - Director



Mrs T K Patel - Director


K&T Warwick Ltd (Registered number: 15124347)

Notes to the Financial Statements
for the Period 8 September 2023 to 31 December 2024


1. STATUTORY INFORMATION

K&T Warwick Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses.

Goodwill amortisation is charged on a straight-line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 15% on reducing balance
Motor van - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


K&T Warwick Ltd (Registered number: 15124347)

Notes to the Financial Statements - continued
for the Period 8 September 2023 to 31 December 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 88,156
Demerger additions 124,660
At 31 December 2024 212,816
AMORTISATION
Amortisation for period 5,142
Demerger adjustment 124,660
At 31 December 2024 129,802
NET BOOK VALUE

At 31 December 2024 83,014

K&T Warwick Ltd (Registered number: 15124347)

Notes to the Financial Statements - continued
for the Period 8 September 2023 to 31 December 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 3,254
Reclassification/transfer 97,704
At 31 December 2024 100,958
DEPRECIATION
Charge for period 190
Reclassification/transfer 67,647
At 31 December 2024 67,837
NET BOOK VALUE
At 31 December 2024 33,121

Reclassification/transfer represent "demerger" adjustments for the import of business of "Newsagents" at the date of Statement of Financial Position.

6. LEASING AGREEMENTS
As at the date of Statement of Financial position, the company had total minimum lease payment commitments under non-cancellable operating leases as follows: -

< 1 year £14,500
Between 2 - 5 years £58,000
Over 5 years £64,535

7. RELATED PARTY DISCLOSURES

The company was under the control of the directors throughout the current period by virtue of the fact that between them they own the entire issued share capital of the company.