2023-01-012023-12-312023-12-31false13782707KURK FUNCTIONAL FOODS 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KURK FUNCTIONAL FOODS LTD

Registered Number
13782707
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

KURK FUNCTIONAL FOODS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Trent Gordon Scanlen

Registered Address

71-75 Shelton Street
London
WC2H 9JQ

Registered Number

13782707 (England and Wales)
KURK FUNCTIONAL FOODS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets311,08912,379
11,08912,379
Current assets
Stocks420,3984,741
Debtors299,46782,745
Cash at bank and on hand32,49914,026
352,364101,512
Creditors amounts falling due within one year5(188,164)(53,667)
Net current assets (liabilities)164,20047,845
Total assets less current liabilities175,28960,224
Creditors amounts falling due after one year6(154,653)(142,080)
Net assets20,636(81,856)
Capital and reserves
Called up share capital10,001-
Profit and loss account10,635(81,856)
Shareholders' funds20,636(81,856)
The financial statements were approved and authorised for issue by the Director on 17 September 2024, and are signed on its behalf by:
Trent Gordon Scanlen
Director
Registered Company No. 13782707
KURK FUNCTIONAL FOODS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 2312,90012,900
At 31 December 2312,90012,900
Depreciation and impairment
At 01 January 23521521
Charge for year1,2901,290
At 31 December 231,8111,811
Net book value
At 31 December 2311,08911,089
At 31 December 2212,37912,379
4.Stocks

2023

2022

££
Finished goods20,3984,741
Total20,3984,741
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables-1,171
Bank borrowings and overdrafts63,41230,612
Amounts owed to related parties68,19212,272
Taxation and social security532-
Other creditors10,0287,113
Accrued liabilities and deferred income46,0002,499
Total188,16453,667
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts1,135-
Amounts owed to related parties153,518142,080
Total154,653142,080
7.Related party transactions
At 31 December 2022, the company was owed £82,744 from Truthcorp Holdings Ltd,the sole shareholder of the company. This loan is interest free and has no fixed terms for repayment. At 31 December 2022, the company owed £17,375 to 6 Degrees Bioscience UK Ltd. This loan is interest free and has no fixed terms for repayment. At 31 December 2022, the company owed £124,705 to Truth Supplements Ltd. This loan is interest free and has no fixed terms for repayment.