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REGISTERED NUMBER: 03105820 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Koru Solutions Limited

Koru Solutions Limited (Registered number: 03105820)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Koru Solutions Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: P G Taylor



SECRETARY: A H & Co Ltd



REGISTERED OFFICE: 45 Necton Road
Wheathampstead
Hertfordshire
AL4 8AT



REGISTERED NUMBER: 03105820 (England and Wales)



ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG



BANKERS: National Westminster Bank plc
169 Victoria Street
London
SW1E 5BT

Koru Solutions Limited (Registered number: 03105820)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,362 1,664

CURRENT ASSETS
Debtors 5 48,587 64,830
Cash at bank 124,965 120,946
173,552 185,776
CREDITORS
Amounts falling due within one year 6 35,268 40,907
NET CURRENT ASSETS 138,284 144,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,646

146,533

PROVISIONS FOR LIABILITIES 7 259 347
NET ASSETS 139,387 146,186

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 138,387 145,186
SHAREHOLDERS' FUNDS 139,387 146,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 June 2025 and were signed by:





P G Taylor - Director


Koru Solutions Limited (Registered number: 03105820)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Koru Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and Fittings -20% per annum
Computer Equipment-20% per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Koru Solutions Limited (Registered number: 03105820)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 306 5,828 6,134
Additions - 337 337
Disposals - (8 ) (8 )
At 30 September 2024 306 6,157 6,463
DEPRECIATION
At 1 October 2023 306 4,164 4,470
Charge for year - 637 637
Eliminated on disposal - (6 ) (6 )
At 30 September 2024 306 4,795 5,101
NET BOOK VALUE
At 30 September 2024 - 1,362 1,362
At 30 September 2023 - 1,664 1,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 27,710 34,901
Other debtors 20,877 29,929
48,587 64,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 1,536 244
Taxation and social security 15,563 30,198
Other creditors 18,169 10,465
35,268 40,907

Koru Solutions Limited (Registered number: 03105820)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred Tax Provision 259 347

Deferred
tax
£   
Balance at 1 October 2023 347
Provided during year (88 )
Balance at 30 September 2024 259

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 September 2024, the company owed the director £15,307 (2022; £5,894).

10. RELATED PARTY DISCLOSURES

During the year dividends of £30,000 (2023 - £30,000) were paid to the director.

11. ULTIMATE CONTROLLING PARTY

The controlling party is P G Taylor.