REGISTERED NUMBER: 07570826 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Kilworth Audio Visual Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Rajan Talwar

Mrs Nina Talwar

REGISTERED OFFICE:

1st Floor

314 Regents Park Road

Finchley

London

N3 2LT

REGISTERED NUMBER:

07570826 (England and Wales)

ACCOUNTANTS:

Wolfson Associates Limited

1st Floor

314 Regents Park Road

Finchley

London

N3 2LT

FIXED ASSETS

Intangible assets

4

210,000

245,000

Tangible assets

5

11,430

17,869

221,430

262,869

CURRENT ASSETS

Stocks

55,252

74,402

Debtors

6

6,501

17,107

Cash at bank

764,502

869,231

826,255

960,740

CREDITORS

Amounts falling due within one year

7

96,366

156,401

NET CURRENT ASSETS

729,889

804,339

TOTAL ASSETS LESS CURRENT LIABILITIES

951,319

1,067,208

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

951,119

1,067,008

SHAREHOLDERS' FUNDS

951,319

1,067,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Mr Rajan Talwar - Director

1.	STATUTORY INFORMATION

Kilworth Audio Visual 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.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

700,000

AMORTISATION

At 1 April 2024

455,000

Amortisation for year

35,000

At 31 March 2025

490,000

NET BOOK VALUE

At 31 March 2025

210,000

At 31 March 2024

245,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

45,134

32,162

2,896

80,192

Disposals

-

(16,167

)

-

(16,167

)

At 31 March 2025

45,134

15,995

2,896

64,025

DEPRECIATION

At 1 April 2024

41,419

18,008

2,896

62,323

Charge for year

743

3,538

-

4,281

Eliminated on disposal

-

(14,009

)

-

(14,009

)

At 31 March 2025

42,162

7,537

2,896

52,595

NET BOOK VALUE

At 31 March 2025

2,972

8,458

-

11,430

At 31 March 2024

3,715

14,154

-

17,869

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

819

6,592

Other debtors

230

230

Director's current account

-

4,979

Tax

87

-

Prepayments and accrued income

5,365

5,306

6,501

17,107

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

79,310

91,847

Tax

-

41,794

VAT

15,397

15,187

Other creditors

1,012

6,494

Director's current account

186

-

Accruals and deferred income

461

1,079

96,366

156,401

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

4,182

-

Between one and five years

8,016

-

12,198

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the start of the accounting year, the directors' loan account had a debit balance of £4,978. During the year, the directors paid company expenses of £5,163. As a result, as at the year end, the company owed £185 to the directors.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director, Mr R Talwar and his wife Mrs N Talwar, by virtue of their 100% control over the issued share capital.