Company Registration No. 08740486 (England and Wales)
KOKOON TECHNOLOGY LTD
Unaudited accounts
for the year ended 31 December 2024
KOKOON TECHNOLOGY LTD
Unaudited accounts
Contents
KOKOON TECHNOLOGY LTD
Company Information
for the year ended 31 December 2024
Directors
TJ Antos
J Farrell
RA Hall
Sir H Yassaie
Company Number
08740486 (England and Wales)
Registered Office
2b27
Southbank Techno Park
90 London Road
London
London
SE1 6LN
England
Accountants
Addition Financial Limited
The Office Group
1 Lyric Square
Hammersmith
London
W6 0NB
KOKOON TECHNOLOGY LTD
Statement of financial position
as at 31 December 2024
Intangible assets
19,510
20,729
Tangible assets
3,192
7,864
Inventories
111,458
294,405
Cash at bank and in hand
94,312
422,057
Creditors: amounts falling due within one year
(734,691)
(985,469)
Net current liabilities
(377,566)
(228,196)
Total assets less current liabilities
(354,864)
(199,603)
Creditors: amounts falling due after more than one year
(809,791)
(706,031)
Net liabilities
(1,164,655)
(905,634)
Called up share capital
53,251
53,251
Share premium
10,762,158
10,088,937
Profit and loss account
(11,980,064)
(11,047,822)
Shareholders' funds
(1,164,655)
(905,634)
For the year ending 31 December 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 30 April 2025 and were signed on its behalf by
TJ Antos
Director
Company Registration No. 08740486
KOKOON TECHNOLOGY LTD
Notes to the Accounts
for the year ended 31 December 2024
KOKOON TECHNOLOGY LTD is a private company, limited by shares, registered in England and Wales, registration number 08740486. The registered office is 2b27, Southbank Techno Park, 90 London Road, London, London, SE1 6LN, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation runs over a 20-year life period. Rate : 5%
4
Intangible fixed assets
Other
At 31 December 2024
30,007
At 31 December 2024
10,497
At 31 December 2024
19,510
At 31 December 2023
20,729
KOKOON TECHNOLOGY LTD
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
104,422
23,760
128,182
Disposals
-
(1,201)
(1,201)
At 31 December 2024
104,422
22,559
126,981
At 1 January 2024
98,493
21,825
120,318
Charge for the year
5,929
(2,458)
3,471
At 31 December 2024
104,422
19,367
123,789
At 31 December 2024
-
3,192
3,192
At 31 December 2023
5,929
1,935
7,864
Amounts falling due within one year
Trade debtors
18,745
7,904
Accrued income and prepayments
2,674
-
Other debtors
8,981
16,960
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
35,623
-
Trade creditors
426,708
505,982
Taxes and social security
114,251
7,055
Other creditors
39,456
3,826
Deferred income
113,711
465,460
8
Creditors: amounts falling due after more than one year
2024
2023
KOKOON TECHNOLOGY LTD
Notes to the Accounts
for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 17 (2023: 17).