FK DOMESTICS LTD


Director	TSOCHEVA, Antoaneta Tsochova


Registered Address	196 Lancaster Road
	Enfield
	EN2 0JH


Registered Number	04899729 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,486		1,982
			1,486		1,982
Current assets
Debtors	4	345,685		323,120
Cash at bank and on hand		952		1,559
		346,637		324,679
Creditors amounts falling due within one year	5	(74,269)		(50,648)
Net current assets (liabilities)			272,368		274,031
Total assets less current liabilities			273,854		276,013
Creditors amounts falling due after one year	6		(11,109)		(18,713)
Provisions for liabilities	7		(372)		(377)
Net assets			262,373		256,923
Capital and reserves
Called up share capital			1		1
Profit and loss account			262,372		256,922
Shareholders' funds			262,373		256,923

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 September 2025, and are signed on its behalf by:

TSOCHEVA, Antoaneta Tsochova
Director
Registered Company No. 04899729

FK DOMESTICS LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Office Equipment	25

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	6,170	16,806	22,572	45,548
At 31 December 24	6,170	16,806	22,572	45,548
Depreciation and impairment
At 01 January 24	6,051	15,574	21,941	43,566
Charge for year	30	308	158	496
At 31 December 24	6,081	15,882	22,099	44,062
Net book value
At 31 December 24	89	924	473	1,486
At 31 December 23	119	1,232	631	1,982

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	345,685	323,120
Total	345,685	323,120

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	10,000	-
Taxation and social security	1,393	4,722
Other creditors	62,660	45,710
Accrued liabilities and deferred income	216	216
Total	74,269	50,648


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	11,109	18,713
Total	11,109	18,713

7.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	372	377
Total	372	377

8.	Directors advances, credits and guarantees
	At the year-end directors current account balance is £18,503. (2023: £14,053)