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Company Registration No. 11305487 (England and Wales)
Koy Lab UK Limited Unaudited accounts for the year ended 30 April 2024
Koy Lab UK Limited Unaudited accounts Contents
Page
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Koy Lab UK Limited Company Information for the year ended 30 April 2024
Director
Pedro Miguel Reigoto Da Costa
Company Number
11305487 (England and Wales)
Registered Office
A And L, Suite 1-3 Hop Exchange 24 Southwark Street London SE1 1TY
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Koy Lab UK Limited Accountants' report
Accountants' report to the director of Koy Lab UK Limited on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Koy Lab UK Limited for the year ended 30 April 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Koy Lab UK Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Koy Lab UK Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Koy Lab UK Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Koy Lab UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Koy Lab UK Limited. You consider that Koy Lab UK Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Koy Lab UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 30 April 2024
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Koy Lab UK Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
26,684 
27,536 
Cash at bank and in hand
2,991 
10,967 
29,675 
38,503 
Creditors: amounts falling due within one year
(29,135)
(46,291)
Net current assets/(liabilities)
540 
(7,788)
Net assets/(liabilities)
540 
(7,788)
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
537 
(7,791)
Shareholders' funds
540 
(7,788)
For the year ending 30 April 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 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 30 October 2024 and were signed on its behalf by
Pedro Miguel Reigoto Da Costa Director Company Registration No. 11305487
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Koy Lab UK Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Koy Lab UK Limited is a private company, limited by shares, registered in England and Wales, registration number 11305487. The registered office is A And L, Suite 1-3 Hop Exchange, 24 Southwark Street, London, SE1 1TY.
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.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
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.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Koy Lab UK Limited Notes to the Accounts for the year ended 30 April 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
821 
816 
Other debtors
7,501 
26,720 
8,322 
27,536 
Amounts falling due after more than one year
Other debtors
18,362 
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
905 
VAT
113 
(311)
Trade creditors
25,470 
34,163 
Taxes and social security
2,217 
11,165 
Other creditors
1,335 
369 
29,135 
46,291 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Pedro Miguel Reigoto Da Costa
22,226 
- 
3,864 
18,362 
22,226 
- 
3,864 
18,362 
Interest charged at official rate.
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Koy Lab UK Limited Notes to the Accounts for the year ended 30 April 2024
8
Transactions with related parties
There was a related party called Artur Da Costa & Reigoto, Lda. incorporated in Portugal which has a common ownership. During the year the company made purchases from the related party worth £2,057.99 and received payment of £1,041.00 at the year end an amount of £429.62 was owed to Artur Da Costa & Reigoto, Lda. .
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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