Company Registration No. 12271351 (England and Wales)
Koho.ai Ltd
Unaudited accounts
for the year ended 31 December 2023
Koho.ai Ltd
Unaudited accounts
Contents
Koho.ai Ltd
Company Information
for the year ended 31 December 2023
Directors
Julian Adam Humphreys
Genevieve Reynolds
Aaron Williams
Company Number
12271351 (England and Wales)
Registered Office
99 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
MK14 6GD
ENGLAND
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Koho.ai Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Koho.ai Ltd for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Koho.ai Ltd, as a body, in accordance with the terms of our engagement letter dated 4 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Koho.ai Ltd and state those matters that we have agreed to state to the Board of Directors of Koho.ai Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Koho.ai Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Koho.ai Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Koho.ai Ltd. You consider that Koho.ai Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Koho.ai Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Arth Limited
Chartered Accountants
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
4 February 2024
Koho.ai Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
1,011
2,192
Cash at bank and in hand
7,272
7,703
Creditors: amounts falling due within one year
(455,901)
(30,713)
Net current (liabilities)/assets
(447,859)
4,629
Total assets less current liabilities
(446,848)
6,821
Creditors: amounts falling due after more than one year
(290,929)
(347,367)
Net liabilities
(737,777)
(340,546)
Called up share capital
100
100
Profit and loss account
(737,877)
(340,646)
Shareholders' funds
(737,777)
(340,546)
For the year ending 31 December 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 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 22 February 2024 and were signed on its behalf by
Genevieve Reynolds
Director
Company Registration No. 12271351
Koho.ai Ltd
Notes to the Accounts
for the year ended 31 December 2023
Koho.ai Ltd is a private company, limited by shares, registered in England and Wales, registration number 12271351. The registered office is 99 Milton Keynes Business Centre, Foxhunter Drive, Milton Keynes, MK14 6GD, 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:
Computer equipment
Straight Line @ 33%
Expenditure on research and development is written off in the year in which it is incurred.
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company until the foreseeable future.
Koho.ai Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
770
790
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
224,377
103,232
Taxes and social security
15,450
(96,307)
Other creditors
60,309
6,239
Deferred income
24,468
4,787
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
290,929
347,367
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).