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Registered number: 07014285
Kiwi Design and Build Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Pinfields Limited Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07014285
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,516 42,201
34,516 42,201
CURRENT ASSETS
Stocks 5 754,463 279,868
Debtors 6 661,682 392,385
Cash at bank and in hand 271,185 8,417
1,687,330 680,670
Creditors: Amounts Falling Due Within One Year 7 (1,611,468 ) (677,236 )
NET CURRENT ASSETS (LIABILITIES) 75,862 3,434
TOTAL ASSETS LESS CURRENT LIABILITIES 110,378 45,635
Creditors: Amounts Falling Due After More Than One Year 8 (26,777 ) (34,647 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,629 ) (10,600 )
NET ASSETS 74,972 388
CAPITAL AND RESERVES
Called up share capital 11 4 4
Profit and Loss Account 74,968 384
SHAREHOLDERS' FUNDS 74,972 388
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit 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.
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
Mrs K C Neal-Smith
Director
18/08/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kiwi Design and Build Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07014285 . The registered office is Romsley Point Farley Lane, Romsley, Bromsgrove, Worcestershire, B62 0LG.
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. Going Concern Disclosure
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate. The directors have taken actions which they believe are sufficient to ensure the company is able to continue as a going concern."
2.3. 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.
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.
2.4. 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:
Plant & Machinery - 25% on reducing balance basis
Motor Vehicles - 25% on reducing balance basis
Fixtures & Fittings - 25% on reducing balance basis
Computer Equipment - 33% on reducing balance basis
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 18)
19 18
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 9,767 69,736 4,688 4,444 88,635
Additions - - 379 9,245 9,624
Disposals - (8,500 ) - - (8,500 )
As at 31 December 2025 9,767 61,236 5,067 13,689 89,759
Depreciation
As at 1 January 2025 7,635 33,361 1,856 3,582 46,434
Provided during the period 533 9,094 710 2,191 12,528
Disposals - (3,719 ) - - (3,719 )
As at 31 December 2025 8,168 38,736 2,566 5,773 55,243
Net Book Value
As at 31 December 2025 1,599 22,500 2,501 7,916 34,516
As at 1 January 2025 2,132 36,375 2,832 862 42,201
5. Stocks
2025 2024
£ £
Stock 754,463 279,868
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 158,828 77,840
Other debtors 279,703 92,356
438,531 170,196
Due after more than one year
Other debtors 223,151 222,189
661,682 392,385
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,900 1,900
Trade creditors 1,011,848 320,172
Bank loans and overdrafts 5,970 7,176
Other creditors 12,674 4,183
Taxation and social security 579,076 343,805
1,611,468 677,236
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,116 6,016
Bank loans 22,661 28,631
26,777 34,647
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans - 3,827
9. Secured Creditors
Of the creditors the following amounts are secured.
The hire purchase creditor is secured on the asset purchased under the agreement.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,016 7,916
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,900 1,900
Later than one year and not later than five years 4,116 6,016
6,016 7,916
6,016 7,916
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11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 2,790 9,424
2,790 9,424
Page 7