Registered number
02343019
Kockum Sonics (UK) Limited
Filleted Accounts
31 December 2024
Kockum Sonics (UK) Limited
Registered number: 02343019
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 7,686 8,490
Current assets
Stocks 5 88,873 89,931
Debtors 6 293,957 374,489
Cash at bank and in hand 206,992 162,019
589,822 626,439
Creditors: amounts falling due within one year 7 (254,221) (216,210)
Net current assets 335,601 410,229
Net assets 343,287 418,719
Capital and reserves
Called up share capital 15,000 15,000
Profit and loss account 328,287 403,719
Shareholders' funds 343,287 418,719
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The Profit and Loss Account has not been delivered to the Registrar of Companies.
……………………………………
B Aronsson
Director
Approved by the board on 9 June 2025
Kockum Sonics (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and in accordance with the Companies Act 2006.
The presentation currency of the accounts is Pound Sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 30% straight line
Office fixtures and fittings 15% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Going concern
At the time of approving the accounts, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has the continued support of the group. The directors have been given assurance that this support will continue for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the accounts.
2 Audit information
The audit report is qualified.
We were unable to obtain sufficient appropriate audit evidence in respect of the full recoverability of certain trade debtors due as at 31 December 2022 which were included in the balance sheet at £35,560. Consequently, we were unable to obtain sufficient appropriate audit evidence regarding the recoverability of these trade debtors at the balance sheet date using other audit procedures to confirm whether or not any adjustment to the trade debtor values was necessary, or whether there was any consequential effect on the administrative expenses in respect of any potential doubtful debts for the year ended 31 December 2023 or for the corresponding figures. Our audit opinion on the financial statements for the year ended 31 December 2023 was modified accordingly. Our opinion on the current year's financial statements is also modified because of the possible effect of this matter on the comparability of the current year's figures and the corresponding figures.
Senior statutory auditor: Rachel Davis BA FCA
Firm: Just Audit Limited
Date of audit report: 09/06/2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
4 Tangible fixed assets
Plant and machinery etc Computer Equipment Total
£ £ £
Cost
At 1 January 2024 22,313 40,319 62,632
Additions - 1,220 1,220
Disposals - - -
At 31 December 2024 22,313 41,539 63,852
Depreciation
At 1 January 2024 17,918 36,224 54,142
Charge for the year 713 1,311 2,024
On disposals - - -
At 31 December 2024 18,631 37,535 56,166
Net book value
At 31 December 2024 3,682 4,004 7,686
At 31 December 2023 4,395 4,095 8,490
5 Stock 2024 2023
£ £
Finished goods 108,478 110,264
Obsolete/slow moving (19,605) (20,333)
88,873 89,931
6 Debtors 2024 2023
£ £
Trade debtors 256,456 314,991
Deferred tax asset - 17,765
Customs & Excise debtor 28,387 32,997
Other debtors 9,114 8,736
293,957 374,489
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 27,983 56,700
Amounts owed to group undertakings 177,094 106,847
Taxation and social security costs 48,950 35,797
Other creditors 194 16,866
254,221 216,210
8 Parent consolidation
The company's immediate parent undertaking is Kockumation AB, a company registered in Sweden. The consolidated financial statements are available to the public and may be obtained from Kockumation, Industrigatan 39, PO Box 1035, SE-212 10 Malmo, Sweden.
9 Other information
Kockum Sonics (UK) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Unit 7, Leighton Industrial Park
Billington Road
Leighton Buzzard
Bedfordshire
LU7 4AJ
Its registered number is 02343019.
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