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REGISTERED NUMBER: 03848384 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

KOTIKI INTERIORS LIMITED

KOTIKI INTERIORS LIMITED (REGISTERED NUMBER: 03848384)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KOTIKI INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: B Fisher
Mrs K M Fisher





SECRETARY: Mrs K M Fisher





REGISTERED OFFICE: Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS





REGISTERED NUMBER: 03848384 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

KOTIKI INTERIORS LIMITED (REGISTERED NUMBER: 03848384)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 440 784
440 784

CURRENT ASSETS
Inventories 41,000 45,799
Debtors 6 11 -
Cash at bank - 3,027
41,011 48,826
CREDITORS
Amounts falling due within one year 7 (163,961 ) (161,976 )
NET CURRENT LIABILITIES (122,950 ) (113,150 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(122,510

)

(112,366

)

CREDITORS
Amounts falling due after more than one
year

8

(5,204

)

(9,264

)
NET LIABILITIES (127,714 ) (121,630 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (127,717 ) (121,633 )
SHAREHOLDERS' FUNDS (127,714 ) (121,630 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 28 November 2024 and were signed on its behalf by:




B Fisher - Director


KOTIKI INTERIORS LIMITED (REGISTERED NUMBER: 03848384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Kotiki Interiors 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has the ongoing support of the directors and no significant long term liabilities. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 150,000
AMORTISATION
At 1 March 2023
and 29 February 2024 150,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

KOTIKI INTERIORS LIMITED (REGISTERED NUMBER: 03848384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 2,140 11,110 2,990 16,240
DEPRECIATION
At 1 March 2023 1,980 11,110 2,366 15,456
Charge for year 32 - 312 344
At 29 February 2024 2,012 11,110 2,678 15,800
NET BOOK VALUE
At 29 February 2024 128 - 312 440
At 28 February 2023 160 - 624 784

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,357 3,955
Trade creditors 7,084 18,194
Social security and other taxes - 3,128
VAT 2,341 -
Other creditors - 10,264
Directors' current accounts 140,798 124,706
Accrued expenses 381 1,729
163,961 161,976

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,161 4,058
Bank loans - 2-5 years 1,043 5,206
5,204 9,264