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Registered number: 14628135
KWPERFORMANCE&LIFESTYLE LIMITED
Unaudited Financial Statements
For The Year Ended 31 January 2025
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Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14628135
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,982 174
2,982 174
CURRENT ASSETS
Debtors 5 - 1
Cash at bank and in hand 1,031 1,799
1,031 1,800
Creditors: Amounts Falling Due Within One Year 6 (3,069 ) -
NET CURRENT ASSETS (LIABILITIES) (2,038 ) 1,800
TOTAL ASSETS LESS CURRENT LIABILITIES 944 1,974
NET ASSETS 944 1,974
CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 9 1,973 1,973
Profit and Loss Account (1,030 ) -
SHAREHOLDERS' FUNDS 944 1,974
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Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kieran Whelan
Director
29/10/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KWPERFORMANCE&LIFESTYLE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14628135 . The registered office is 23 Stratford Way, Watford, WD17 3DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% WDV
Computer Equipment 25% WDV
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 174 - 174
Additions - 3,299 3,299
As at 31 January 2025 174 3,299 3,473
Depreciation
As at 1 February 2024 - - -
Provided during the period 21 470 491
As at 31 January 2025 21 470 491
Net Book Value
As at 31 January 2025 153 2,829 2,982
As at 1 February 2024 174 - 174
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5. Debtors
2025 2024
£ £
Due within one year
Other debtors - 1
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 3,069 -
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Kieran Whelan 1 3,450 - - -
The above loan is unsecured, interest free and repayable on demand.
9. Reserves
Revaluation Reserve
£
As at 1 February 2024 1,973
As at 31 January 2025 1,973
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