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Company Registration No. 07715335 (England and Wales)
Koiton Ltd Unaudited accounts for the year ended 31 March 2024
Koiton Ltd Unaudited accounts Contents
Page
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Koiton Ltd Company Information for the year ended 31 March 2024
Directors
Kyoko Kato Frederick J J Wheeler
Company Number
07715335 (England and Wales)
Registered Office
11 MILESTONE ROAD CRYSTAL PALACE London SE19 2LL
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Koiton Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,537 
16,111 
Current assets
Debtors
799 
19,519 
Cash at bank and in hand
36,973 
59,935 
37,772 
79,454 
Creditors: amounts falling due within one year
(33,747)
(58,805)
Net current assets
4,025 
20,649 
Net assets
24,562 
36,760 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
24,462 
36,660 
Shareholders' funds
24,562 
36,760 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
Frederick J J Wheeler Director Company Registration No. 07715335
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Koiton Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Koiton Ltd is a private company, limited by shares, registered in England and Wales, registration number 07715335. The registered office is 11 MILESTONE ROAD , CRYSTAL PALACE, London, SE19 2LL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
Straight line over 5 years
Fixtures & fittings
Straight line over 5 years
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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Koiton Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
10,456 
2,929 
7,469 
20,854 
Additions
2,416 
6,283 
458 
9,157 
At 31 March 2024
12,872 
9,212 
7,927 
30,011 
Depreciation
At 1 April 2023
2,092 
1,699 
952 
4,743 
Charge for the year
2,561 
585 
1,585 
4,731 
At 31 March 2024
4,653 
2,284 
2,537 
9,474 
Net book value
At 31 March 2024
8,219 
6,928 
5,390 
20,537 
At 31 March 2023
8,364 
1,230 
6,517 
16,111 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
16,920 
Accrued income and prepayments
130 
2,599 
Other debtors
669 
- 
799 
19,519 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,885 
9,696 
Taxes and social security
5,655 
14,279 
Loans from directors
22,207 
34,830 
33,747 
58,805 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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