Kojac Fashion Accessories UK Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01906034

Kojac Fashion Accessories UK Ltd

Filleted Unaudited Financial Statements

31 December 2024

Kojac Fashion Accessories UK Ltd

Balance Sheet

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5	3,720	5,131
Investments	6	1	1
		-------	-------
		3,721	5,132

Current assets

Debtors	7	1,602,496	2,161,928
Cash at bank and in hand		20,942	52,917
		------------	------------
		1,623,438	2,214,845

Creditors: amounts falling due within one year	8	2,208,260		1,649,223
		------------		------------
Net current (liabilities)/assets			( 584,822)	565,622
			---------	---------
Total assets less current liabilities			( 581,101)	570,754

Creditors: amounts falling due after more than one year	9	437	172
		---------	---------
Net (liabilities)/assets		( 581,538)	570,582
		---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	( 591,538)	560,582
	---------	---------
Shareholders (deficit)/funds	( 581,538)	570,582
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Kojac Fashion Accessories UK Ltd

Balance Sheet (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

Mr J Malde
Director

Company registration number: 01906034

Kojac Fashion Accessories UK Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, London, HA8 5LD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimate of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services in recognised by reference to the stage of completion.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	straight line over lease period
Fixtures and fittings	-	20% straight line basis
Computer equipment	-	33.33% straight line basis

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account. The company also operates an unapproved retirement scheme (FURBS) for the benefit of the directors. During the year no contributions were made to the fund (2020: £nil). At the balance sheet date, there were no outstanding or prepaid contributions.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2023: 17 ).

5. Tangible assets

	Leasehold property	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost
At 1 January 2024	2,155	178,958	208,386	389,499
Additions	–	–	1,026	1,026
	-------	---------	---------	---------
At 31 December 2024	2,155	178,958	209,412	390,525
	-------	---------	---------	---------
Depreciation
At 1 January 2024	2,155	175,819	206,394	384,368
Charge for the year	–	785	1,652	2,437
	-------	---------	---------	---------
At 31 December 2024	2,155	176,604	208,046	386,805
	-------	---------	---------	---------
Carrying amount
At 31 December 2024	–	2,354	1,366	3,720
	-------	---------	---------	---------
At 31 December 2023	–	3,139	1,992	5,131
	-------	---------	---------	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	1
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	1
	----
At 31 December 2023	1
	----

The company owns more than 20% of the issued share capital of the companies listed below.

Proportion

Subsidiary undertakings Holding Held Nature of business

Templin Limited Ordinary 50% Property Investment

shares

7. Debtors

	2024	2023
	£	£
Trade debtors	651,457	732,627
Other debtors	951,039	1,429,301
	------------	------------
	1,602,496	2,161,928
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Other debtors	909,195	1,383,737
	---------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	–	832
Trade creditors	1,305,236	1,137,789
Accruals and deferred income	26,502	8,521
Social security and other taxes	14,764	10,834
Other creditors	861,758	491,247
	------------	------------
	2,208,260	1,649,223
	------------	------------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Director loan accounts	437	172
	----	----