Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseNo description of principal activity911falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09976382 2023-02-01 2024-01-31 09976382 2022-02-01 2023-01-31 09976382 2024-01-31 09976382 2023-01-31 09976382 c:Director2 2023-02-01 2024-01-31 09976382 d:FurnitureFittings 2023-02-01 2024-01-31 09976382 d:FurnitureFittings 2024-01-31 09976382 d:FurnitureFittings 2023-01-31 09976382 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09976382 d:OfficeEquipment 2023-02-01 2024-01-31 09976382 d:OfficeEquipment 2024-01-31 09976382 d:OfficeEquipment 2023-01-31 09976382 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09976382 d:ComputerEquipment 2023-02-01 2024-01-31 09976382 d:ComputerEquipment 2024-01-31 09976382 d:ComputerEquipment 2023-01-31 09976382 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09976382 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09976382 d:Goodwill 2024-01-31 09976382 d:Goodwill 2023-01-31 09976382 d:CurrentFinancialInstruments 2024-01-31 09976382 d:CurrentFinancialInstruments 2023-01-31 09976382 d:Non-currentFinancialInstruments 2024-01-31 09976382 d:Non-currentFinancialInstruments 2023-01-31 09976382 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09976382 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09976382 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 09976382 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 09976382 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 09976382 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 09976382 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 09976382 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 09976382 d:ShareCapital 2024-01-31 09976382 d:ShareCapital 2023-01-31 09976382 d:RetainedEarningsAccumulatedLosses 2024-01-31 09976382 d:RetainedEarningsAccumulatedLosses 2023-01-31 09976382 c:FRS102 2023-02-01 2024-01-31 09976382 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09976382 c:FullAccounts 2023-02-01 2024-01-31 09976382 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09976382 2 2023-02-01 2024-01-31 09976382 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 09976382













KOIA LTD
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024


 
KOIA LTD
REGISTERED NUMBER:09976382


BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
56,606
127,657

  
56,606
127,657

Current assets
  

Debtors: amounts falling due within one year
 6 
640,041
550,304

Cash at bank and in hand
  
(3,656)
12,087

  
636,385
562,391

Creditors: amounts falling due within one year
 7 
(593,958)
(589,043)

Net current assets/(liabilities)
  
 
 
42,427
 
 
(26,652)

Total assets less current liabilities
  
99,033
101,005

Creditors: amounts falling due after more than one year
 8 
(22,222)
(75,555)

  

Net assets
  
76,811
25,450


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
76,810
25,449

  
76,811
25,450


Page 1


 
KOIA LTD
REGISTERED NUMBER:09976382

    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


K Liu
Director

Date: 4 November 2024

Page 2


 
KOIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Koia Limited is a limited company incorporated and domiciled in England and Wales. The company's registered address is Harwood House, 43 Harwood Road, London, SW6 4QP and trading address is 32-34 Notting Hill Gate, London, W11 3HX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3


 
KOIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Fixtures and fittings
-
3
years
Office equipment
-
3
years
Computer equipment
-
3
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4


 
KOIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5


 
KOIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.15

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 11).

Page 6


 
KOIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
45,000



At 31 January 2024

45,000



Amortisation


At 1 February 2023
45,000



At 31 January 2024

45,000



Net book value



At 31 January 2024
-



At 31 January 2023
-



Page 7


 
KOIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
61,525
295,589
29,171
386,285



At 31 January 2024

61,525
295,589
29,171
386,285



Depreciation


At 1 February 2023
59,470
170,275
28,884
258,629


Charge for the year on owned assets
1,529
69,234
287
71,050



At 31 January 2024

60,999
239,509
29,171
329,679



Net book value



At 31 January 2024
526
56,080
-
56,606



At 31 January 2023
2,055
125,315
287
127,657


6.


Debtors

2024
2023
£
£


Trade debtors
29,954
44,014

Other debtors
582,131
476,889

Prepayments and accrued income
27,956
29,401

640,041
550,304


Page 8


 
KOIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank overdrafts
237
-

Bank loans
53,333
53,334

Trade creditors
18,229
31,123

Corporation tax
96,943
65,034

Other taxation and social security
76,290
63,336

Other creditors
318,896
349,312

Accruals and deferred income
30,030
26,904

593,958
589,043



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
22,222
75,555



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
53,333
53,334

Amounts falling due 1-2 years

Bank loans
22,222
53,334

Amounts falling due 2-5 years

Bank loans
-
22,221


75,555
128,889


Page 9


 
KOIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £5,262 (2023 - £4,775). Contributions totalling £2,698 (2023 - £2,663) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

Included in other debtors is a loan to K Liu of £687,393 which was repaid in full on 30 September 2024. K Liu are both directors and shareholders of the company.

Page 10