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
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
KOKOON TECHNOLOGY LTD
Statement of financial position
as at 31 December 2022
Intangible assets
22,227
22,588
Tangible assets
5,403
26,570
Inventories
309,110
507,614
Cash at bank and in hand
167,056
291,629
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
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
KOKOON TECHNOLOGY LTD
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 31 December 2022
29,411
At 31 December 2022
22,227
At 31 December 2021
22,588
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
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
At 31 December 2022
1,649
3,754
5,403
At 31 December 2021
18,582
7,988
26,570
Amounts falling due within one year
Trade debtors
7,602
70,668
Accrued income and prepayments
-
200,852
Other debtors
105,890
546,137
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
148
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
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).