2022-03-012023-02-282023-02-28false11836514KIORI STUDIO LTD2023-10-0913910iso4217:GBPxbrli:pure118365142022-03-01118365142023-02-28118365142022-03-012023-02-28118365142021-03-01118365142022-02-28118365142021-03-012022-02-2811836514bus:SmallEntities2022-03-012023-02-2811836514bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2811836514bus:FullAccounts2022-03-012023-02-2811836514bus:PrivateLimitedCompanyLtd2022-03-012023-02-2811836514core:WithinOneYear2023-02-2811836514core:AfterOneYear2023-02-2811836514core:WithinOneYear2022-02-2811836514core:AfterOneYear2022-02-2811836514core:ShareCapital2023-02-2811836514core:SharePremium2023-02-2811836514core:RevaluationReserve2023-02-2811836514core:OtherReservesSubtotal2023-02-2811836514core:RetainedEarningsAccumulatedLosses2023-02-2811836514core:ShareCapital2022-02-2811836514core:SharePremium2022-02-2811836514core:RevaluationReserve2022-02-2811836514core:OtherReservesSubtotal2022-02-2811836514core:RetainedEarningsAccumulatedLosses2022-02-2811836514core:LandBuildings2023-02-2811836514core:PlantMachinery2023-02-2811836514core:Vehicles2023-02-2811836514core:FurnitureFittings2023-02-2811836514core:OfficeEquipment2023-02-2811836514core:NetGoodwill2023-02-2811836514core:IntangibleAssetsOtherThanGoodwill2023-02-2811836514core:ListedExchangeTraded2023-02-2811836514core:UnlistedNon-exchangeTraded2023-02-2811836514core:LandBuildings2022-02-2811836514core:PlantMachinery2022-02-2811836514core:Vehicles2022-02-2811836514core:FurnitureFittings2022-02-2811836514core:OfficeEquipment2022-02-2811836514core:NetGoodwill2022-02-2811836514core:IntangibleAssetsOtherThanGoodwill2022-02-2811836514core:ListedExchangeTraded2022-02-2811836514core:UnlistedNon-exchangeTraded2022-02-2811836514core:LandBuildings2022-03-012023-02-2811836514core:PlantMachinery2022-03-012023-02-2811836514core:Vehicles2022-03-012023-02-2811836514core:FurnitureFittings2022-03-012023-02-2811836514core:OfficeEquipment2022-03-012023-02-2811836514core:NetGoodwill2022-03-012023-02-2811836514core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811836514core:ListedExchangeTraded2022-03-012023-02-2811836514core:UnlistedNon-exchangeTraded2022-03-012023-02-2811836514core:MoreThanFiveYears2022-03-012023-02-2811836514core:Non-currentFinancialInstruments2023-02-2811836514core:Non-currentFinancialInstruments2022-02-2811836514dpl:CostSales2022-03-012023-02-2811836514dpl:DistributionCosts2022-03-012023-02-2811836514dpl:AdministrativeExpenses2022-03-012023-02-2811836514core:LandBuildings2022-03-012023-02-2811836514core:PlantMachinery2022-03-012023-02-2811836514core:Vehicles2022-03-012023-02-2811836514core:FurnitureFittings2022-03-012023-02-2811836514core:OfficeEquipment2022-03-012023-02-2811836514core:NetGoodwill2022-03-012023-02-2811836514core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811836514dpl:GroupUndertakings2022-03-012023-02-2811836514dpl:ParticipatingInterests2022-03-012023-02-2811836514dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811836514core:ListedExchangeTraded2022-03-012023-02-2811836514dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811836514core:UnlistedNon-exchangeTraded2022-03-012023-02-2811836514dpl:CostSales2021-03-012022-02-2811836514dpl:DistributionCosts2021-03-012022-02-2811836514dpl:AdministrativeExpenses2021-03-012022-02-2811836514core:LandBuildings2021-03-012022-02-2811836514core:PlantMachinery2021-03-012022-02-2811836514core:Vehicles2021-03-012022-02-2811836514core:FurnitureFittings2021-03-012022-02-2811836514core:OfficeEquipment2021-03-012022-02-2811836514core:NetGoodwill2021-03-012022-02-2811836514core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2811836514dpl:GroupUndertakings2021-03-012022-02-2811836514dpl:ParticipatingInterests2021-03-012022-02-2811836514dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2811836514core:ListedExchangeTraded2021-03-012022-02-2811836514dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2811836514core:UnlistedNon-exchangeTraded2021-03-012022-02-2811836514core:NetGoodwill2023-02-2811836514core:IntangibleAssetsOtherThanGoodwill2023-02-2811836514core:LandBuildings2023-02-2811836514core:PlantMachinery2023-02-2811836514core:Vehicles2023-02-2811836514core:FurnitureFittings2023-02-2811836514core:OfficeEquipment2023-02-2811836514core:AfterOneYear2023-02-2811836514core:WithinOneYear2023-02-2811836514core:ListedExchangeTraded2023-02-2811836514core:UnlistedNon-exchangeTraded2023-02-2811836514core:ShareCapital2023-02-2811836514core:SharePremium2023-02-2811836514core:RevaluationReserve2023-02-2811836514core:OtherReservesSubtotal2023-02-2811836514core:RetainedEarningsAccumulatedLosses2023-02-2811836514core:NetGoodwill2022-02-2811836514core:IntangibleAssetsOtherThanGoodwill2022-02-2811836514core:LandBuildings2022-02-2811836514core:PlantMachinery2022-02-2811836514core:Vehicles2022-02-2811836514core:FurnitureFittings2022-02-2811836514core:OfficeEquipment2022-02-2811836514core:AfterOneYear2022-02-2811836514core:WithinOneYear2022-02-2811836514core:ListedExc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KIORI STUDIO LTD

Registered Number
11836514
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

KIORI STUDIO LTD
Company Information
for the year from 1 March 2022 to 28 February 2023

Director

NEMSADZE, Maritta

Registered Address

Unit 7c Gaunson House
Markfield Road
London
N15 4QQ

Registered Number

11836514 (England and Wales)
KIORI STUDIO LTD
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets556,8682,325
56,8682,325
Current assets
Debtors642,3701,032
Cash at bank and on hand26,7772,157
69,1473,189
Creditors amounts falling due within one year7(20,129)(20,516)
Net current assets (liabilities)49,018(17,327)
Total assets less current liabilities105,886(15,002)
Creditors amounts falling due after one year8(200,557)-
Net assets(94,671)(15,002)
Capital and reserves
Called up share capital100100
Profit and loss account(94,771)(15,102)
Shareholders' funds(94,671)(15,002)
The financial statements were approved and authorised for issue by the Director on 9 October 2023, and are signed on its behalf by:
NEMSADZE, Maritta
Director
Registered Company No. 11836514
KIORI STUDIO LTD
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover comprises revenue recognised by the company in respect of the manufacture of knitted and crocheted fabrics. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes, such as value-added tax.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Office Equipment33
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
After reviewing the company's forecasts and projections, the director have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, taken to be 12 months from signing the financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.
4.Employee information

20232022
Average number of employees during the year21
5.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 March 223,100--3,100
Additions65,8639316,63873,432
At 28 February 2368,9639316,63876,532
Depreciation and impairment
At 01 March 22775--775
Charge for year18,889--18,889
At 28 February 2319,664--19,664
Net book value
At 28 February 2349,2999316,63856,868
At 28 February 222,325--2,325
6.Debtors

2023

2022

££
Trade debtors / trade receivables39,882-
Other debtors2,4881,032
Total42,3701,032
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables2,164-
Bank borrowings and overdrafts15,96515,069
Taxation and social security-3,752
Other creditors51-
Accrued liabilities and deferred income1,9491,695
Total20,12920,516
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts200,557-
Total200,557-