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Registered number: 09847140
Croydon Kokoro Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
KPY PHILLIPS YOUNG LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09847140
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,172 19,502
16,172 19,502
CURRENT ASSETS
Stocks 5 19,374 20,358
Debtors 6 39,876 43,676
Cash at bank and in hand 62,849 86,640
122,099 150,674
Creditors: Amounts Falling Due Within One Year 7 (61,076 ) (104,835 )
NET CURRENT ASSETS (LIABILITIES) 61,023 45,839
TOTAL ASSETS LESS CURRENT LIABILITIES 77,195 65,341
Creditors: Amounts Falling Due After More Than One Year 8 (6,421 ) (16,518 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,831 ) (2,179 )
NET ASSETS 68,943 46,644
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 68,843 46,544
SHAREHOLDERS' FUNDS 68,943 46,644
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rak Hyeon Kim
Director
30/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Croydon Kokoro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09847140 . The registered office is 13 Approach Road, London, SW20 8BA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the lease term
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 21)
12 21
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 7,770 16,386 54,540 78,696
Additions - 1,050 - 1,050
As at 31 October 2024 7,770 17,436 54,540 79,746
Depreciation
As at 1 November 2023 6,216 8,029 44,949 59,194
Provided during the period 777 1,749 1,854 4,380
As at 31 October 2024 6,993 9,778 46,803 63,574
Net Book Value
As at 31 October 2024 777 7,658 7,737 16,172
As at 1 November 2023 1,554 8,357 9,591 19,502
5. Stocks
2024 2023
£ £
Materials 11,382 11,814
Finished goods 7,992 8,544
19,374 20,358
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 3,946
Prepayments and accrued income 9,818 17,551
Other debtors (1) 495 -
Corporation tax recoverable assets - 16
10,313 21,513
Due after more than one year
Trade debtors 10,798 11,163
Other debtors 11,000 11,000
Other debtors (1) 7,765 -
29,563 22,163
39,876 43,676
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,881 32,280
Bank loans and overdrafts 10,098 10,098
Corporation tax 5,448 12,266
Other taxes and social security 9,379 7,853
VAT 10,095 9,879
Pension Payable 527 807
Other creditors (1) 2,695 -
Accruals and deferred income 1,953 2,802
Director's loan account - 50
Cumulative unpaid dividend - 28,800
61,076 104,835
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,421 16,518
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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