2023-07-012024-06-302024-06-30false14179762KONVOY UK 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KONVOY UK LIMITED

Registered Number
14179762
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

KONVOY UK LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

BARDEN, Christian Jamie
TRIPPE-SMITH, Adam

Registered Address

21 Holborn Viaduct
London
EC1A 2DY

Registered Number

14179762 (England and Wales)
KONVOY UK LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets337,59244,944
37,59244,944
Current assets
Debtors22,07031,925
Cash at bank and on hand4,578140,195
26,648172,120
Creditors amounts falling due within one year(86,210)(102,200)
Net current assets (liabilities)(59,562)69,920
Total assets less current liabilities(21,970)114,864
Creditors amounts falling due after one year4(2,111,456)(1,181,913)
Net assets(2,133,426)(1,067,049)
Capital and reserves
Called up share capital1010
Profit and loss account(2,133,436)(1,067,059)
Shareholders' funds(2,133,426)(1,067,049)
The financial statements were approved and authorised for issue by the Board of Directors on 25 February 2025, and are signed on its behalf by:
BARDEN, Christian Jamie
Director
Registered Company No. 14179762
KONVOY UK LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 2346,521
Disposals(1,896)
At 30 June 2444,625
Depreciation and impairment
At 01 July 231,576
Charge for year5,457
At 30 June 247,033
Net book value
At 30 June 2437,592
At 30 June 2344,944
4.Creditors: amounts due after one year

2024

2023

££
Amounts owed to related parties2,111,4561,181,913
Total2,111,4561,181,913
The creditors due after one year consists of amounts owed to the parent company Konvoy Group PTY Limited
5.Controlling party
The controlling party is Konvoy Group PTY Limited who are registered in Australia.