KIWI DESIGN LIMITED

Company Registration Number:
02077828 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

KIWI DESIGN LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

KIWI DESIGN LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 373,219 404,088
Total fixed assets: 373,219 404,088
Current assets
Stocks: 381,475 244,573
Debtors:   5,013,434 1,614,226
Cash at bank and in hand: 1,348,251 749,434
Total current assets: 6,743,160 2,608,233
Creditors: amounts falling due within one year: 4 (5,704,630) (2,311,918)
Net current assets (liabilities): 1,038,530 296,315
Total assets less current liabilities: 1,411,749 700,403
Creditors: amounts falling due after more than one year:   (692,071) (233,015)
Provision for liabilities: (73,115) (72,555)
Total net assets (liabilities): 646,563 394,833
Capital and reserves
Called up share capital: 16,600 16,600
Profit and loss account: 629,963 378,233
Shareholders funds: 646,563 394,833

The notes form part of these financial statements

KIWI DESIGN LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 July 2025
and signed on behalf of the board by:

Name: G F Blackmore
Status: Director

The notes form part of these financial statements

KIWI DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the amount derived from the provision of goods and services after the deduction of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Plant and machinery - 15% reducing balance Fixtures, fittings and equipment - 25% reducing balance Motor vehicles - 25% reducing balance

Valuation and information policy

Stock and work in progress is valued at the lower of cost and net realisable value. Where the outcome of long term contracts can be assessed with reasonable certainty before their conclusion, the prudently attributable profit has been recognised.

Other accounting policies

Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes.

KIWI DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 24 24

KIWI DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 769,302
Additions 98,554
Disposals (58,632)
At 31 December 2024 809,224
Depreciation
At 01 January 2024 365,214
Charge for year 102,345
On disposals (31,554)
At 31 December 2024 436,005
Net book value
At 31 December 2024 373,219
At 31 December 2023 404,088

KIWI DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

The bank facility is secured by way of a charge on the company's assets. Finance leases and hire purchase contracts are secured on the assets concerned.

KIWI DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Financial commitments

The Redeemable shares are to be redeemed in stages at £135 per share. The amount to be redeemed at each stage will be mutually agreed between the company and the relevant shareholders and will ensure that the company does not contravene Section 687 of the Companies Act 2006 and that it continues to meet its banking covenants. Until redemption takes place, each Redeemable share will attract a maximum coupon rate of 4% per annum over the bank base rate (subject to a minimum coupon rate of 6.425%) calculated on the redemption value of the shares. Holders of Redeemable shares have no right to attend or vote at any general meeting except on matters affecting the rights attached to their shares.