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Registered Number: 14106727
England and Wales

 

 

 

KORIFI LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 13 May 2022

End date: 31 May 2023
Directors Nikolakis Kallis
Nikolaos Mylonakis
Athanasios Sotiriou
Registered Number 14106727
Registered Office 124 City Road
City Road
London
EC1V 2NX
Accountants Best Accountancy Services Ltd
Harrogate Business Centre, Hammerain House
Hookstone Avenue
Harrogate
North Yorkshire
HG2 8ER
1
 
 
Notes
 
2023
£
Fixed assets    
Intangible fixed assets 3 1,159 
1,159 
Current assets    
Cash at bank and in hand 355 
Creditors: amount falling due within one year 4 (14,246)
Net current liabilities (13,891)
 
Total assets less current liabilities (12,732)
Net liabilities (12,732)
 

Capital and reserves
   
Called up share capital 900 
Profit and loss account (13,632)
Shareholder's funds (12,732)
 


For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 February 2024 and were signed on its behalf by:


-------------------------------
Nikolakis Kallis
Director
-------------------------------
Nikolaos Mylonakis
Director
-------------------------------
Athanasios Sotiriou
Director
2
General Information
Korifi Ltd is a private company, limited by shares, registered in England and Wales, registration number 14106727, registration address 124 City Road, City Road, London, EC1V 2NX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company will experience good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, through their continued support. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of 10 years.
2.

Average number of employees

Average number of employees during the period was 3.
3.

Intangible fixed assets

Cost Other intangible assets   Total
  £   £
At 13 May 2022  
Additions 1,288    1,288 
Disposals  
At 31 May 2023 1,288    1,288 
Amortisation
At 13 May 2022  
Charge for period 129    129 
On disposals  
At 31 May 2023 129    129 
Net book values
At 31 May 2023 1,159    1,159 
At 12 May 2022  


4.

Creditors: amount falling due within one year

2023
£
Other Creditors 14,246 
14,246 

5.

Advances and Credits



Athanasios Sotiriou, Nikolakis Kallis, Nikolaos Mylonakis
The Directors collectively advanced £13,646 to the Company in the period ended 31st May 2023. the loan was interest free and repayable on demand.

Current year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
WrittenOff
£
Waived
£
Carry Forward
£
Athanasios Sotiriou, Nikolakis Kallis, Nikolaos Mylonakis13,646 13,646 
013646000013646
3