REGISTERED NUMBER: 09914233 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KLAWZ LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R S Dale

M S Shore

REGISTERED OFFICE:

Suite Ga, St. George's House

Lever Street

Wolverhampton

United Kingdom

WV2 1EZ

REGISTERED NUMBER:

09914233 (England and Wales)

ACCOUNTANTS:

Blackthorns

Chartered Accountants

Admiral House

Waterfront East

Brierley Hill

West Midlands

DY5 1XG

FIXED ASSETS

Intangible assets

4

20,803

22,614

CURRENT ASSETS

Debtors

5

10,400

477,808

Cash at bank

66,966

56,896

77,366

534,704

CREDITORS

Amounts falling due within one year

6

160,636

523,781

NET CURRENT (LIABILITIES)/ASSETS

(83,270

)

10,923

TOTAL ASSETS LESS CURRENT LIABILITIES

(62,467

)

33,537

CREDITORS

Amounts falling due after more than one year

7

(4,134

)

(12,292

)

PROVISIONS FOR LIABILITIES

(2,500

)

(2,217

)

NET (LIABILITIES)/ASSETS

(69,101

)

19,028

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(69,103

)

19,026

(69,101

)

19,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year 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 December 2025 and were signed on its behalf by:

R S Dale - Director

1.	STATUTORY INFORMATION

Klawz Limited is a private company, limited by shares, registered in England and Wales.The company's registered number is 09914233 and registered office address is Suite Ga, St.George's House, Lever Street, Wolverhampton, United Kingdom, WV2 1EZ.

The presentation currency of the financial statements is 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Financial instruments

Basic financial liabilities, including trade and other debtors and creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The accounts have been drawn up on the going concern basis. The company's ongoing activities are dependent upon the continued support of related companies, who have undertaken that this support will be given.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

35,673

AMORTISATION

At 1 January 2024

13,059

Charge for year

1,811

At 31 December 2024

14,870

NET BOOK VALUE

At 31 December 2024

20,803

At 31 December 2023

22,614

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

10,000

474,836

Other debtors

400

2,972

10,400

477,808

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

7,000

7,000

Trade creditors

13,712

14,399

Amounts owed to group undertakings

20,000

337,607

Taxation and social security

15,981

56,475

Other creditors

103,943

108,300

160,636

523,781

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,134

12,292

8.	RELATED PARTY DISCLOSURES

The company is party to loans with other companies controlled by a director. At the balance sheet date £100,800 was owed to those companies (2023 - £21,200).