2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 188,000 188,000 188,000 xbrli:pure xbrli:shares iso4217:GBP 07574704 2024-04-01 2025-03-31 07574704 2025-03-31 07574704 2024-03-31 07574704 2023-04-01 2024-03-31 07574704 2024-03-31 07574704 2023-03-31 07574704 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07574704 bus:Director3 2024-04-01 2025-03-31 07574704 core:WithinOneYear 2025-03-31 07574704 core:WithinOneYear 2024-03-31 07574704 core:ShareCapital 2025-03-31 07574704 core:ShareCapital 2024-03-31 07574704 core:OtherReservesSubtotal 2025-03-31 07574704 core:OtherReservesSubtotal 2024-03-31 07574704 core:RetainedEarningsAccumulatedLosses 2025-03-31 07574704 core:RetainedEarningsAccumulatedLosses 2024-03-31 07574704 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 07574704 core:Non-currentFinancialInstruments 2025-03-31 07574704 core:Non-currentFinancialInstruments 2024-03-31 07574704 bus:SmallEntities 2024-04-01 2025-03-31 07574704 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07574704 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07574704 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07574704 bus:FullAccounts 2024-04-01 2025-03-31 07574704 bus:OrdinaryShareClass1 2025-03-31 07574704 bus:OrdinaryShareClass1 2024-03-31
COMPANY REGISTRATION NUMBER: 07574704
KOW LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2025
KOW LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Investments
5
188,000
188,000
CURRENT ASSETS
Debtors
6
1,543
500
Cash at bank and in hand
14,758
12,466
--------
--------
16,301
12,966
CREDITORS: amounts falling due within one year
7
31,450
32,046
--------
--------
NET CURRENT LIABILITIES
15,149
19,080
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
172,851
168,920
PROVISIONS
Taxation including deferred tax
5,443
5,443
---------
---------
NET ASSETS
167,408
163,477
---------
---------
CAPITAL AND RESERVES
Called up share capital
8
150
150
Fair value reserve
35,415
35,415
Profit and loss account
131,843
127,912
---------
---------
SHAREHOLDERS FUNDS
167,408
163,477
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KOW LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 14 July 2025 , and are signed on behalf of the board by:
Mr S D Perriton
Director
Company registration number: 07574704
KOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 March 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office of the company is c/o Muras Baker Jones, Regent House, Bath Street, Wolverhampton WV1 4EG.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
Turnover in the profit and loss account represents gross rentals due for the year, exclusive of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Investment properties are included at fair value with gains and losses charged through the profit and loss account. Fair value is based upon open market value as determined by the directors.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. INVESTMENTS
Investment property
£
Fair value
At 1 April 2024 and 31 March 2025
188,000
---------
Impairment
At 1 April 2024 and 31 March 2025
---------
Carrying amount
At 31 March 2025
188,000
---------
At 31 March 2024
188,000
---------
The investment property is valued at open market value as determined by the directors. The original cost of the investment property is £147,142.
6. DEBTORS
2025
2024
£
£
Trade debtors
1,125
500
Other debtors
418
-------
----
1,543
500
-------
----
7. CREDITORS: amounts falling due within one year
2025
2024
£
£
Corporation tax
922
653
Other creditors
30,528
31,393
--------
--------
31,450
32,046
--------
--------
8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
150
150
150
150
----
----
----
----