REGISTERED NUMBER: 06657102 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2023 to 31 December 2024

for

K & W Residential Sales Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

W G Lightfoot

Mrs H Brooks

REGISTERED OFFICE:

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

REGISTERED NUMBER:

06657102 (England and Wales)

ACCOUNTANTS:

Thompsons Accountancy Services Limited

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

FIXED ASSETS

Tangible assets

5

22,851

19,492

CURRENT ASSETS

Debtors

6

13,957

15,063

Cash at bank and in hand

60,553

12,060

74,510

27,123

CREDITORS

Amounts falling due within one year

7

94,585

67,944

NET CURRENT LIABILITIES

(20,075

)

(40,821

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,776

(21,329

)

CREDITORS

Amounts falling due after more than one year

8

(34,748

)

(53,667

)

PROVISIONS FOR LIABILITIES

(5,162

)

(3,704

)

ACCRUALS AND DEFERRED INCOME

(6,267

)

-

NET LIABILITIES

(43,401

)

(78,700

)

CAPITAL AND RESERVES

Called up share capital

1

1

Capital redemption reserve

1

1

Retained earnings

(43,403

)

(78,702

)

SHAREHOLDERS' FUNDS

(43,401

)

(78,700

)

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:

W G Lightfoot - Director

1.	STATUTORY INFORMATION

K & W Residential Sales Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company suffered a slow down in business at the outset of the Covid-19 outbreak but sales recovered

significantly in the second half of the year. The accounts have been completed on the going concern basis as the director is confident that the company's future is secure.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. For house sales income is recognised on completion.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 5 ).

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2023

673

18,097

7,659

26,429

Additions

724

1,986

2,270

4,980

At 31 December 2024

1,397

20,083

9,929

31,409

DEPRECIATION

At 1 August 2023

673

3,009

3,255

6,937

Charge for period

102

768

751

1,621

At 31 December 2024

775

3,777

4,006

8,558

NET BOOK VALUE

At 31 December 2024

622

16,306

5,923

22,851

At 31 July 2023

-

15,088

4,404

19,492

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.7.23

£

£

Trade debtors

522

8,262

Other debtors

13,435

6,594

Directors' current accounts

-

207

13,957

15,063

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.7.23

£

£

Bank loans and overdrafts

32,349

31,712

Trade creditors

-

85

Tax

35,038

3,607

Social security and other taxes

2,298

8,252

VAT

7,922

14,595

Other creditors

1,960

1,176

Directors' current accounts

1,942

201

Accrued expenses

13,076

8,316

94,585

67,944

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.7.23

£

£

Bank loans - 1-2 years

14,000

14,000

Bank loans - 2-5 years

20,748

39,667

34,748

53,667