Registration number: 04690274

Absolute Koi Limited

(Registration number: 04690274)

Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	3	85,621	96,323
Tangible assets	4	85,801	100,148
		171,422	196,471
Current assets
Stocks		95,000	145,000
Debtors	5	233,283	227,283
Cash at bank and in hand		506,832	332,861
		835,115	705,144
Creditors: Amounts falling due within one year	6	(368,375)	(286,750)
Net current assets		466,740	418,394
Total assets less current liabilities		638,162	614,865
Provisions for liabilities		(26,251)	(33,915)
Net assets		611,911	580,950
Capital and reserves
Called up share capital		100	100
Retained earnings		611,811	580,850
Shareholders' funds		611,911	580,950

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Absolute Koi Limited

(Registration number: 04690274)

Balance Sheet as at 31 December 2024 (continued)

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 26 September 2025 and signed on its behalf by:
 

.........................................

Mr D Gray

Director

Absolute Koi Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	Accounting policies

Statutory information

Absolute Koi Limited is a private company, limited by shares, domiciled in England and Wales, company number 04690274. The registered office is at Burnwood House, Great North Road, Rockley, Retford, DN22 0QW.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises tax. Tax is recognised in statement of income and retained earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Absolute Koi Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

1	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Reducing Balance
Fixtures, fittings & equipment	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Land and buildings	2% Straight Line

Intangible assets

Intangible Assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	10% Straight Line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost Includes all costs of purchase, costs of conversion and other costs incurred in brining the stock to its present location and condition.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Absolute Koi Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

1	Accounting policies (continued)

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of income and retained earnings.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

Absolute Koi Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3	Intangible assets

	Website  £	Total £
Cost
At 1 January 2024	107,026	107,026
At 31 December 2024	107,026	107,026
Amortisation
At 1 January 2024	10,703	10,703
Amortisation charge	10,702	10,702
At 31 December 2024	21,405	21,405
Carrying amount
At 31 December 2024	85,621	85,621
At 31 December 2023	96,323	96,323

4	Tangible assets

	Land and buildings £	Plant and machinery £	Furniture, fittings & equipment £	Total £
Cost
At 1 January 2024	5,208	107,195	96,316	208,719
At 31 December 2024	5,208	107,195	96,316	208,719
Depreciation
At 1 January 2024	-	80,531	28,040	108,571
Charge for the year	104	4,000	10,243	14,347
At 31 December 2024	104	84,531	38,283	122,918
Carrying amount
At 31 December 2024	5,104	22,664	58,033	85,801
At 31 December 2023	5,208	26,664	68,276	100,148

Absolute Koi Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Debtors

	2024 £	2023 £
Amounts owed by related parties	232,613	226,613
Other debtors	670	670
	233,283	227,283

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Trade creditors	35,677	37,109
Taxation and social security	45,813	31,146
Accruals and deferred income	6,170	10,735
Other creditors	280,715	207,760
	368,375	286,750