Company Registration No. 07876133 (England and Wales)
Koinobori LTD
Unaudited accounts
for the year ended 31 December 2023
Koinobori LTD
Statement of financial position
as at 31 December 2023
Intangible assets
28,240
32,487
Tangible assets
120,101
115,669
Cash at bank and in hand
665,769
912,556
Creditors: amounts falling due within one year
(149,997)
(344,224)
Net current assets
584,145
657,339
Total assets less current liabilities
732,486
805,495
Provisions for liabilities
Deferred tax
(3,841)
(4,704)
Net assets
728,645
800,791
Called up share capital
1
1
Profit and loss account
728,644
800,790
Shareholders' funds
728,645
800,791
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 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 7 October 2024 and were signed on its behalf by
Motoko Priestman
Director
Company Registration No. 07876133
Koinobori LTD
Notes to the Accounts
for the year ended 31 December 2023
Koinobori LTD is a private company, limited by shares, registered in England and Wales, registration number 07876133. The registered office is 14, Northway Road, London, se5 9an.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Which is calculated using a estimated useful life of 10-16 years
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:
Fixtures & fittings
5 years
Computer equipment
4 years
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2023
60,000
4,975
64,975
At 31 December 2023
60,000
4,975
64,975
At 1 January 2023
30,000
2,488
32,488
Charge for the year
3,750
497
4,247
At 31 December 2023
33,750
2,985
36,735
At 31 December 2023
26,250
1,990
28,240
At 31 December 2022
30,000
2,487
32,487
Koinobori LTD
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2023
1,800
98,784
31,530
90,907
5,097
228,118
Additions
-
9,275
-
35,376
1,441
46,092
At 31 December 2023
1,800
108,059
31,530
126,283
6,538
274,210
At 1 January 2023
789
61,406
25,224
23,474
1,556
112,449
Charge for the year
113
9,331
6,306
24,602
1,308
41,660
At 31 December 2023
902
70,737
31,530
48,076
2,864
154,109
At 31 December 2023
898
37,322
-
78,207
3,674
120,101
At 31 December 2022
1,011
37,378
6,306
67,433
3,541
115,669
Amounts falling due within one year
Trade debtors
2,316
15,568
Amounts due from group undertakings etc.
1,256
-
Accrued income and prepayments
21,882
1,975
Amounts falling due after more than one year
Amounts due from group undertakings etc.
36,629
68,794
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
57,620
23,058
Taxes and social security
53,116
136,848
Other creditors
49,191
35,070
Loans from directors
(89,726)
113,995
Koinobori LTD
Notes to the Accounts
for the year ended 31 December 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
3,841
4,704
Provision at start of year
4,704
9,461
Credited to the profit and loss account
(863)
(4,757)
Provision at end of year
3,841
4,704
9
Capital commitments
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan paid to director at HMRC standard interest rate
-
89,726
-
89,726
11
Transactions with related parties
Intercompany debtor of £36,629 is receivable from Sobi Limited which a related party through common owership and control.
12
Average number of employees
During the year the average number of employees was 32 (2022: 27).