1 November 2022 false No description of principal activity Taxfiler 2024.4 8726468business:PrivateLimitedCompanyLtd2022-11-012023-10-31 87264682022-10-31 87264682022-11-012023-10-31 8726468business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 8726468business:FilletedAccounts2022-11-012023-10-31 87264682023-10-31 87264682022-10-31 8726468core:WithinOneYear2023-10-31 8726468core:WithinOneYear2022-10-31 8726468core:AfterOneYear2023-10-31 8726468core:AfterOneYear2022-10-31 8726468core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 8726468core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 8726468core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 8726468core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 8726468core:PreviouslyStatedAmount2023-10-31 8726468core:PreviouslyStatedAmount2022-10-31 8726468business:SmallEntities2022-11-012023-10-31 8726468business:Director12022-11-012023-10-31 8726468countries:EnglandWales2022-11-012023-10-31 8726468business:RegisteredOffice2022-11-012023-10-31 8726468core:ComputerEquipment2022-11-012023-10-31 8726468core:ComputerEquipment2022-10-31 8726468core:ComputerEquipment2023-10-31 87264682021-11-012022-10-31 iso4217:GBP xbrli:pure
KOYOO TRADE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
595 
262 
Current assets
Inventories
11,710 
8,400 
Debtors
165,056 
260,059 
Cash at bank and in hand
(37,934)
(56,240)
138,832 
212,219 
Creditors: amounts falling due within one year
- 
(20,214)
Net current assets
138,832 
192,005 
Total assets less current liabilities
139,427 
192,267 
Creditors: amounts falling due after more than one year
(29,590)
(40,239)
Net assets
109,837 
152,028 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
109,835 
152,026 
Shareholders' funds
109,837 
152,028 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 17 July 2024 and were signed on its behalf by
Mr JUNYONG KO Director Company Registration No. 8726468
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KOYOO TRADE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
KOYOO TRADE LTD is a private company, limited by shares, registered in England and Wales, registration number 8726468. The registered office is 2nd Floor, 39-41 High Street, New Malden, Surrey, KT3 4BY, 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.
Foreign exchange
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
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
15% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
1,300 
Additions
438 
At 31 October 2023
1,738 
Depreciation
At 1 November 2022
1,038 
Charge for the year
105 
At 31 October 2023
1,143 
Net book value
At 31 October 2023
595 
At 31 October 2022
262 
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KOYOO TRADE LTD Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
10,370 
46,760 
Trade debtors
102,635 
117,949 
Accrued income and prepayments
- 
43,299 
113,005 
208,008 
Amounts falling due after more than one year
Trade debtors
52,051 
52,051 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
20,214 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,590 
40,239 
8
Average number of employees
During the year the average number of employees was 4 (2022: 6).
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