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REGISTERED NUMBER: 10317069 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Alex Kokkonen Limited

Alex Kokkonen Limited (Registered number: 10317069)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Alex Kokkonen Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: A Kokkonen





REGISTERED OFFICE: 31 Racecourse Road
Newbury
Hampshire
RG14 7GA





REGISTERED NUMBER: 10317069 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Alex Kokkonen Limited (Registered number: 10317069)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,158 27,087

CURRENT ASSETS
Debtors 5 97,588 79,747
Cash at bank 746 4
98,334 79,751
CREDITORS
Amounts falling due within one year 6 522,794 421,943
NET CURRENT LIABILITIES (424,460 ) (342,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(402,302

)

(315,105

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (402,303 ) (315,106 )
SHAREHOLDERS' FUNDS (402,302 ) (315,105 )

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

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

The director acknowledges his 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.

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 director and authorised for issue on 4 April 2024 and were signed by:





A Kokkonen - Director


Alex Kokkonen Limited (Registered number: 10317069)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Alex Kokkonen Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Alex Kokkonen Limited (Registered number: 10317069)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 84,136 4,132 88,268
Additions 5,034 - 5,034
Disposals (9,464 ) (2,695 ) (12,159 )
At 31 August 2023 79,706 1,437 81,143
DEPRECIATION
At 1 September 2022 57,806 3,375 61,181
Charge for year 7,339 520 7,859
Eliminated on disposal (7,438 ) (2,617 ) (10,055 )
At 31 August 2023 57,707 1,278 58,985
NET BOOK VALUE
At 31 August 2023 21,999 159 22,158
At 31 August 2022 26,330 757 27,087

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
VAT 2,998 5,913
Deferred tax asset 94,590 73,834
97,588 79,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Social security and other taxes (1,117 ) (1,117 )
Directors' current accounts 523,161 422,310
Accrued expenses 750 750
522,794 421,943

7. ULTIMATE CONTROLLING PARTY

The company is ultimately by the director by virtue of their 100% interest in the issued share capital of the company.

8. GOING CONCERN

The Director considers, that with the continued support of the of the Company Director and creditors, the company has sufficient resources to support the company until a solvent position has been achieved and for at least 12 months months from the approval of these financial statements. On this assumption the accounts have been drawn up on a going concern basis.