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REGISTERED NUMBER: 07223772 (England and Wales)























Unaudited Financial Statements

for the Period 1 December 2022 to 31 May 2023

for

Kuckoo Brands Ltd

Kuckoo Brands Ltd (Registered number: 07223772)

Contents of the Financial Statements
for the Period 1 December 2022 to 31 May 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kuckoo Brands Ltd

Company Information
for the Period 1 December 2022 to 31 May 2023







DIRECTORS: Mr R A Powell
Mr R De Araujo
Mrs J Osborn





REGISTERED OFFICE: 16 - 17 Fox Street
Preston
Lancashire
PR1 2AB





REGISTERED NUMBER: 07223772 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Kuckoo Brands Ltd (Registered number: 07223772)

Statement of Financial Position
31 May 2023

31.5.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,690 6,945
Investments 6 203,990 203,990
208,680 210,935

CURRENT ASSETS
Debtors 7 173,919 178,926
Cash at bank and in hand 80,664 36,095
254,583 215,021
CREDITORS
Amounts falling due within one year 8 147,604 161,835
NET CURRENT ASSETS 106,979 53,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,659

264,121

CREDITORS
Amounts falling due after more than one
year

9

348,828

291,599
NET LIABILITIES (33,169 ) (27,478 )

CAPITAL AND RESERVES
Called up share capital 10 104 104
Capital redemption reserve 3 3
Retained earnings (33,276 ) (27,585 )
SHAREHOLDERS' FUNDS (33,169 ) (27,478 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kuckoo Brands Ltd (Registered number: 07223772)

Statement of Financial Position - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Mr R A Powell - Director


Kuckoo Brands Ltd (Registered number: 07223772)

Notes to the Financial Statements
for the Period 1 December 2022 to 31 May 2023


1. STATUTORY INFORMATION

Kuckoo Brands Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Kuckoo Brands Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Turnover includes administration and other recharges, marketing levies and bank facility charges raised to the trading subsidiaries. The turnover is reflective of the period the work was carried out.

Turnover also includes retrospective discounts due to the company in respect of purchase agreements made with suppliers. Income is reflective of when the amounts fall due.

Trade marks
Trade marks are capitalised in the company as they are acquired. They are them written off over their estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Kuckoo Brands Ltd (Registered number: 07223772)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 31 May 2023 1,983
AMORTISATION
At 1 December 2022
and 31 May 2023 1,983
NET BOOK VALUE
At 31 May 2023 -
At 30 November 2022 -

Kuckoo Brands Ltd (Registered number: 07223772)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2023


5. TANGIBLE FIXED ASSETS
Bar Computer
Equipment equipment Totals
£    £    £   
COST
At 1 December 2022
and 31 May 2023 475 18,870 19,345
DEPRECIATION
At 1 December 2022 166 12,234 12,400
Charge for period 24 2,231 2,255
At 31 May 2023 190 14,465 14,655
NET BOOK VALUE
At 31 May 2023 285 4,405 4,690
At 30 November 2022 309 6,636 6,945

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 31 May 2023 203,990
NET BOOK VALUE
At 31 May 2023 203,990
At 30 November 2022 203,990

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 30.11.22
£    £   
Trade debtors - 14,467
Other debtors 173,919 164,459
173,919 178,926

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 30.11.22
£    £   
Trade creditors 24,368 54,880
Taxation and social security 30,791 28,476
Other creditors 92,445 78,479
147,604 161,835

Kuckoo Brands Ltd (Registered number: 07223772)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 30.11.22
£    £   
Other creditors 348,828 291,599

Amounts falling due in more than five years:

Repayable by instalments
Loan Notes 202,750 202,750
Loan Note Interest 47,724 41,940
250,474 244,690

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 30.11.22
value: £    £   
104 Ordinary £1 104 104

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 May 2023 and 30 November 2022:

31.5.23 30.11.22
£    £   
Mr R A Powell
Balance outstanding at start of period 13,964 (93 )
Amounts advanced 100 14,057
Amounts repaid (2,370 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 11,694 13,964

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end date the company had a loans outstanding of £57,055 to a partnership with common control.This loan is interest free and repayable on demand.

Also at the year end date the company owed loans and loan notes of £329,994 to individuals with a shareholder interest and their associated companies on arms length commercial terms. The interest charged for the year was £10,121.

Kuckoo Brands Ltd (Registered number: 07223772)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2023


13. ULTIMATE CONTROLLING PARTY

The controlling party is Kuckoo Holdings Limited.