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Company Registration No. 04806974 (England and Wales)
Koru Associates Limited Unaudited accounts for the year ended 30 June 2023
Koru Associates Limited Unaudited accounts Contents
Page
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Koru Associates Limited Company Information for the year ended 30 June 2023
Director
Mrs S Burgess
Company Number
04806974 (England and Wales)
Registered Office
45 Budges Road Wokingham Berkshire RG40 1PL
Accountants
We Do The Books Hyde Park House Cartwright Street Hyde Cheshire SK14 4EH
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Koru Associates Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,667 
4,929 
Current assets
Debtors
- 
1,835 
Cash at bank and in hand
13,375 
19,843 
13,375 
21,678 
Creditors: amounts falling due within one year
(1,911)
(4,068)
Net current assets
11,464 
17,610 
Net assets
15,131 
22,539 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
15,130 
22,538 
Shareholders' funds
15,131 
22,539 
For the year ending 30 June 2023 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 director acknowledges her 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 the year in accordance with Section 444(2A).
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 and authorised for issue on 7 November 2023 and were signed on its behalf by
Mrs S Burgess Director Company Registration No. 04806974
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Koru Associates Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Koru Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 04806974. The registered office is 45 Budges Road, Wokingham, Berkshire, RG40 1PL.
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
These financial statements for the year ended 30 June 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Computer equipment
33% SL
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2022
6,574 
Additions
1,354 
At 30 June 2023
7,928 
Depreciation
At 1 July 2022
1,645 
Charge for the year
2,616 
At 30 June 2023
4,261 
Net book value
At 30 June 2023
3,667 
At 30 June 2022
4,929 
5
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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