KOZE HOME LTD

Company Registration Number:
10904288 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

KOZE HOME LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

KOZE HOME LTD

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Current assets
Debtors:   26,436 34,004
Cash at bank and in hand: 9,391 50,386
Total current assets: 35,827 84,390
Creditors: amounts falling due within one year:   (3,821) (12,007)
Net current assets (liabilities): 32,006 72,383
Total assets less current liabilities: 32,006 72,383
Creditors: amounts falling due after more than one year:   (404,495)
Total net assets (liabilities): (372,489) 72,383
Capital and reserves
Called up share capital: 1,497,527 1,497,527
Profit and loss account: (1,870,016) (1,425,144)
Shareholders funds: (372,489) 72,383

The notes form part of these financial statements

KOZE HOME LTD

Balance sheet statements

For the year ending 31 December 2022 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 30 July 2023
and signed on behalf of the board by:

Name: RANDALL, Peter Richard
Status: Director

The notes form part of these financial statements

KOZE HOME LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

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

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Valuation and information policy

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares.Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Other accounting policies

Revenue expenditure on research and development is written off in the year in which it is incurred.The company qualifies to make claims under the SME R&D tax relief scheme. Tax credits arising from successful claims under the SME R&D tax relief scheme are reflected 'below the line' as a reduction in the Corporation Tax charge or, if loss making, as a Corporation Tax credit. Tax credits receivable from R&D claims are recognised in the reporting period in which the qualifying expenditure is incurred.

KOZE HOME LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 1 4

KOZE HOME LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Related party transactions

The company has taken advantage of the exemption available under Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other companies within the group