Kloris Enterprises Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11486144

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,224		11,569

			4,224		11,569
CURRENT ASSETS
Stocks	5	98,865		130,814
Debtors	6	276,385		238,960
Cash at bank and in hand		44,558		43,813

		419,808		413,587
Creditors: Amounts Falling Due Within One Year	7	(178,560 )		(116,577 )

NET CURRENT ASSETS (LIABILITIES)			241,248		297,010

TOTAL ASSETS LESS CURRENT LIABILITIES			245,472		308,579

Creditors: Amounts Falling Due After More Than One Year	8		(371,972 )		(337,479 )

NET LIABILITIES			(126,500 )		(28,900 )

CAPITAL AND RESERVES
Called up share capital	9		95		95
Share premium account			351,948		351,948
Profit and Loss Account			(478,543 )		(380,943 )

SHAREHOLDERS' FUNDS			(126,500)		(28,900)

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Kloris Enterprises Ltd

Balance Sheet (continued)

As At 31 December 2024

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Matthew McNeill

Director

29/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Kloris Enterprises Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11486144 . The registered office is 27 Old Gloucester Street, London, WC1N 3AX.

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. Going Concern Disclosure

The validity of the going concern assumption will depend on the continuing support of the directors and shareholders for the foreseeable future, together with the ability of the company to trade profitably in the future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the above support.

2.3. 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.

2.4. 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	10% Straight Line
Fixtures & Fittings	3 years straight line

2.5. 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.

2.6. 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 year 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.

...CONTINUED

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Kloris Enterprises Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 8)

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	4,501	41,544	46,045

As at 31 December 2024	4,501	41,544	46,045

Depreciation
As at 1 January 2024	900	33,576	34,476
Provided during the period	450	6,895	7,345

As at 31 December 2024	1,350	40,471	41,821

Net Book Value
As at 31 December 2024	3,151	1,073	4,224

As at 1 January 2024	3,601	7,968	11,569

5. Stocks

	2024	2023
	£	£
Finished goods	98,865	130,814

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	41,908	30,206
Prepayments and accrued income	3,074	8,689
Other debtors	69,149	70,194

	114,131	109,089
Due after more than one year
Deferred tax current asset	162,254	129,871

	276,385	238,960

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Kloris Enterprises Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	49,539	40,621
Bank loans and overdrafts	6,000	6,000
Other loans	79,714	46,800
Other taxes and social security	4,029	8,643
VAT	13,994	4,644
Other creditors	24,764	9,349
Directors' loan accounts	520	520

	178,560	116,577

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	2,000	8,000
Other loans	100,000	65,850
Directors loan account	269,972	263,629

	371,972	337,479

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	95	95

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