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REGISTERED NUMBER: 02486586 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

Kobold Instruments Limited

Kobold Instruments Limited (Registered number: 02486586)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kobold Instruments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K Kobold
R A Agha



SECRETARY: L Poxon



REGISTERED OFFICE: 8/9 Brunts Business Centre
Samuel Brunts Way
MANSFIELD
Nottinghamshire
NG18 2AH



REGISTERED NUMBER: 02486586 (England and Wales)



AUDITORS: Nicholsons Audit (Statutory Auditor)
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Lloyds Bank
1-3 Church Street
MANSFIELD
NG18 1AF

Kobold Instruments Limited (Registered number: 02486586)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 91,206 99,778
91,206 99,778

CURRENT ASSETS
Stocks 175,114 126,846
Debtors 6 429,696 376,046
Cash at bank and in hand 241,479 250,667
846,289 753,559
CREDITORS
Amounts falling due within one year 7 165,845 135,079
NET CURRENT ASSETS 680,444 618,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

771,650

718,258

CREDITORS
Amounts falling due after more than
one year

8

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (11,828 ) (12,106 )
NET ASSETS 745,655 681,985

CAPITAL AND RESERVES
Called up share capital 43,000 43,000
Retained earnings 702,655 638,985
SHAREHOLDERS' FUNDS 745,655 681,985

Kobold Instruments Limited (Registered number: 02486586)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 3 July 2024 and were signed on its behalf by:





R A Agha - Director


Kobold Instruments Limited (Registered number: 02486586)

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

1. STATUTORY INFORMATION

Kobold Instruments 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.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated by the directors and are based on historical experience and other relevant factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible fixed asset lives and residual values
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. Judgement is applied in determining the residual values of fixed assets by assessing the amount that the company would currently obtain for disposing of the asset in the condition it is expected to be in at the end of its useful life. The estimation of useful lives is based on historic performance as well as expectations about future use. Useful lives are reviewed to reflect current estimates of technological advancement, future investment policy, economic utilisation and the physical condition of the asset.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Kobold Instruments Limited (Registered number: 02486586)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Kobold Instruments Limited (Registered number: 02486586)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Website
costs
£   
COST
At 1 January 2023
and 31 December 2023 7,876
AMORTISATION
At 1 January 2023
and 31 December 2023 7,876
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 60,323 72,977 26,843 37,537 197,680
Additions - 2,621 - - 2,621
At 31 December 2023 60,323 75,598 26,843 37,537 200,301
DEPRECIATION
At 1 January 2023 9,861 40,044 15,992 32,005 97,902
Charge for year 1,208 5,005 2,712 2,268 11,193
At 31 December 2023 11,069 45,049 18,704 34,273 109,095
NET BOOK VALUE
At 31 December 2023 49,254 30,549 8,139 3,264 91,206
At 31 December 2022 50,462 32,933 10,851 5,532 99,778

Kobold Instruments Limited (Registered number: 02486586)

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

6. DEBTORS
31/12/23 31/12/22
£    £   
Amounts falling due within one year:
Trade debtors 200,402 144,990
Tax - 5,735
Prepayments 5,816 6,225
206,218 156,950

Amounts falling due after more than one year:
Amounts owed by group undertakings 223,478 219,096

Aggregate amounts 429,696 376,046

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,385 9,331
Tax 21,044 17,403
Social security and other taxes 8,634 7,894
VAT 60,614 34,923
Other creditors 1,293 15,188
Amounts owed to group
undertakings 56,549 34,488
Accrued expenses 5,326 5,852
165,845 135,079

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
14,167 24,167

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Joanne Brown (Senior Statutory Auditor)
for and on behalf of Nicholsons Audit (Statutory Auditor)

Kobold Instruments Limited (Registered number: 02486586)

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

10. RELATED PARTY DISCLOSURES

Throughout the year the company was controlled by Kobold Holding Gesellschaft mbH, a company in which K Kobold has a material interest.

The company is exempt from disclosing transactions with other group entities or related parties in which the group holds an investment as its financial statements are consolidated into the results of the Austrian parent whose financial statements are publicly available.

11. ULTIMATE PARENT UNDERTAKING

The company is a wholly owned subsidiary of Kobold Holding Gesellschaft mbH, a company registered in Austria. Consolidated accounts can be obtained from the address below:
Gurkgasse 8
Wien, 1140
Austria.