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Company Registration No. 08740486 (England and Wales)
KOKOON TECHNOLOGY LTD Unaudited accounts for the year ended 31 December 2022
KOKOON TECHNOLOGY LTD Unaudited accounts Contents
Page
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KOKOON TECHNOLOGY LTD Company Information for the year ended 31 December 2022
Directors
TJ Antos J Farrell P Filcek RA Hall Sir H Yassaie
Company Number
08740486 (England and Wales)
Registered Office
104 COCOA STUDIOS THE BISCUIT FACTORY DRUMMOND ROAD LONDON SE16 4DG ENGLAND
Accountants
Addition Financial Limited Addition at 1 Lyric Square Hammersmith London W6 0NB
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KOKOON TECHNOLOGY LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
22,227 
22,588 
Tangible assets
5,403 
26,570 
27,630 
49,158 
Current assets
Inventories
309,110 
507,614 
Debtors
113,492 
817,657 
Cash at bank and in hand
167,056 
291,629 
589,658 
1,616,900 
Creditors: amounts falling due within one year
(569,882)
(1,190,343)
Net current assets
19,776 
426,557 
Total assets less current liabilities
47,406 
475,715 
Creditors: amounts falling due after more than one year
(846,728)
(297,916)
Net (liabilities)/assets
(799,322)
177,799 
Capital and reserves
Called up share capital
47,161 
47,161 
Share premium
8,326,962 
7,648,812 
Capital redemption reserve
79,317 
59,035 
Profit and loss account
(9,252,762)
(7,577,209)
Shareholders' funds
(799,322)
177,799 
For the year ending 31 December 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
TJ Antos Director Company Registration No. 08740486
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KOKOON TECHNOLOGY LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
KOKOON TECHNOLOGY LTD is a private company, limited by shares, registered in England and Wales, registration number 08740486. The registered office is 104 COCOA STUDIOS THE BISCUIT FACTORY, DRUMMOND ROAD, LONDON, SE16 4DG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33%
Computer equipment
33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation runs over a 20-year life period. Rate : 5%
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
29,151 
Additions
260 
At 31 December 2022
29,411 
Amortisation
At 1 January 2022
6,563 
Charge for the year
621 
At 31 December 2022
7,184 
Net book value
At 31 December 2022
22,227 
At 31 December 2021
22,588 
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KOKOON TECHNOLOGY LTD Notes to the Accounts for the year ended 31 December 2022
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
107,254 
41,295 
148,549 
Disposals
(229)
(997)
(1,226)
At 31 December 2022
107,025 
40,298 
147,323 
Depreciation
At 1 January 2022
88,672 
33,307 
121,979 
Charge for the year
16,704 
3,237 
19,941 
At 31 December 2022
105,376 
36,544 
141,920 
Net book value
At 31 December 2022
1,649 
3,754 
5,403 
At 31 December 2021
18,582 
7,988 
26,570 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,602 
70,668 
Accrued income and prepayments
- 
200,852 
Other debtors
105,890 
546,137 
113,492 
817,657 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
148 
VAT
42,170 
17,135 
Trade creditors
238,122 
840,572 
Taxes and social security
(251,896)
25,198 
Accrued preference dividends
- 
85,687 
Other creditors
297,798 
221,594 
Loans from directors
- 
9 
Accruals
30,908 
- 
Deferred income
212,780 
- 
569,882 
1,190,343 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Other creditors
846,728 
297,916 
9
Average number of employees
During the year the average number of employees was 16 (2021: 18).
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