Registration number:
Korko Limited
for the Year Ended 31 October 2023
Korko Limited
Contents
Company Information |
|
Profit and Loss Account |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
|
Detailed Profit and Loss Account |
Korko Limited
Company Information
Director |
Mrs Hermina Lartey |
Registered office |
|
Accountants |
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Korko Limited
Profit and Loss Account for the Year Ended 31 October 2023
2023 |
2022 |
|
Turnover |
|
|
Other income |
|
|
Cost of raw materials and consumables |
( |
( |
Staff costs |
( |
( |
Depreciation and other amounts written off assets |
( |
( |
Other charges |
(12,521) |
(6,577) |
Loss for the year |
( |
( |
Korko Limited
(Registration number: 11001115)
Balance Sheet as at 31 October 2023
2023 |
2022 |
|
Fixed assets |
- |
|
Current assets |
|
|
Creditors: Amounts falling due within one year |
( |
( |
Net current liabilities |
( |
( |
Total assets less current liabilities |
( |
( |
Creditors: Amounts falling due after more than one year |
( |
( |
( |
( |
|
Capital and reserves |
( |
( |
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
The average number of persons employed by the company (including the directors) during the year was 1 (2018 - 1).
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
For the financial 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.
Director's responsibilities:
Korko Limited
(Registration number: 11001115)
Balance Sheet as at 31 October 2023
• |
|
• |
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
......................................... |
Korko Limited
Detailed Profit and Loss Account for the Year Ended 31 October 2023
2023 |
2022 |
|
Turnover (analysed below) |
27,180 |
3,443 |
Cost of sales (analysed below) |
(23,098) |
(7,414) |
Gross profit/(loss) |
4,082 |
(3,971) |
Gross profit (%) |
15.02% |
(115.34)% |
Administrative expenses |
||
Employment costs (analysed below) |
(877) |
(728) |
Establishment costs (analysed below) |
(328) |
(288) |
General administrative expenses (analysed below) |
(7,572) |
(4,721) |
Finance charges (analysed below) |
(4,550) |
(601) |
Depreciation costs (analysed below) |
(140) |
(210) |
(13,467) |
(6,548) |
|
Other operating income (analysed below) |
13 |
1 |
Operating loss |
(9,372) |
(10,518) |
Interest payable and similar expenses (analysed below) |
(71) |
(967) |
Loss before tax |
(9,443) |
(11,485) |
Korko Limited
Detailed Profit and Loss Account for the Year Ended 31 October 2023
2023 |
2022 |
Turnover |
||
Sale of goods, UK |
26,251 |
3,137 |
Rendering of services, UK |
929 |
306 |
27,180 |
3,443 |
Cost of sales |
||
Opening finished goods |
- |
(1,800) |
Purchases |
(22,044) |
(4,574) |
Direct costs |
(1,054) |
(1,040) |
(23,098) |
(7,414) |
Employment costs |
||
Casual wages |
(877) |
(728) |
Establishment costs |
||
Insurance |
(258) |
(288) |
Repairs and maintenance |
(70) |
- |
(328) |
(288) |
General administrative expenses |
||
Telephone and fax |
(492) |
(608) |
Printing, postage and stationery |
(369) |
(172) |
Courier services |
(157) |
(154) |
Trade subscriptions |
(225) |
(211) |
Sundry expenses |
(414) |
(2,199) |
Motor expenses |
(272) |
- |
Travel and subsistence |
(738) |
(14) |
Advertising |
(4,380) |
(750) |
Accountancy fees |
(525) |
(150) |
Legal and professional fees |
- |
(463) |
(7,572) |
(4,721) |
Finance charges |
||
Bank charges |
(667) |
(260) |
Credit card charges |
(3,883) |
(341) |
(4,550) |
(601) |
Depreciation costs |
||
Depreciation of office equipment (owned) |
(140) |
(210) |
Other operating income |
||
Other operating income |
13 |
1 |
Interest payable and similar expenses |
||
Bank interest payable |
(71) |
(967) |