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REGISTERED NUMBER: SC541091 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

KW WELL INTERVENTIONS LTD

KW WELL INTERVENTIONS LTD (REGISTERED NUMBER: SC541091)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KW WELL INTERVENTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: K Work





SECRETARY:





REGISTERED OFFICE: 45 Cairnhill Road
Newtonhill
Stonehaven
Kincardineshire
AB39 3NF





REGISTERED NUMBER: SC541091 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

KW WELL INTERVENTIONS LTD (REGISTERED NUMBER: SC541091)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,090 1,335

CURRENT ASSETS
Debtors 5 12,600 15,300
Cash at bank 185,567 180,396
198,167 195,696
CREDITORS
Amounts falling due within one year 6 17,690 43,993
NET CURRENT ASSETS 180,477 151,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,567

153,038

PROVISIONS FOR LIABILITIES 273 334
NET ASSETS 181,294 152,704

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 181,284 152,694
SHAREHOLDERS' FUNDS 181,294 152,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:




K Work - Director


KW WELL INTERVENTIONS LTD (REGISTERED NUMBER: SC541091)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

KW Well Interventions Ltd is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

KW WELL INTERVENTIONS LTD (REGISTERED NUMBER: SC541091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 4,118
Additions 639
At 30 June 2024 4,757
DEPRECIATION
At 1 July 2023 2,783
Charge for year 884
At 30 June 2024 3,667
NET BOOK VALUE
At 30 June 2024 1,090
At 30 June 2023 1,335

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 12,600 15,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 404 1,257
Taxation and social security 16,252 41,723
Other creditors 1,034 1,013
17,690 43,993