| 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. |
|
|
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. |