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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
Page
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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
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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
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Koho.ai Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,011 
2,192 
Current assets
Debtors
770 
27,639 
Cash at bank and in hand
7,272 
7,703 
8,042 
35,342 
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)
Capital and reserves
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
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Koho.ai Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
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
Straight Line @ 33%
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
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.
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Koho.ai Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
3,225 
Additions
119 
Disposals
(833)
At 31 December 2023
2,511 
Depreciation
At 1 January 2023
1,033 
Charge for the year
900 
On disposals
(433)
At 31 December 2023
1,500 
Net book value
At 31 December 2023
1,011 
At 31 December 2022
2,192 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
26,849 
Accrued income and prepayments
770 
790 
770 
27,639 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
1,655 
Trade creditors
224,377 
103,232 
Taxes and social security
15,450 
(96,307)
Other creditors
60,309 
6,239 
Accruals
131,297 
11,107 
Deferred income
24,468 
4,787 
455,901 
30,713 
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).
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