99K LIMITED - Filleted accounts

Registered number

11629449

99K LIMITED

Filleted Accounts

31 December 2024

99K LIMITED
Registered number:		11629449
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		9,381			16,358

Current assets
Stocks		2,006,846			1,006,638
Debtors	4	890,753			2,396,732
Cash at bank and in hand		156,911			311,700
		3,054,510			3,715,070

Creditors: amounts falling due within one year	5	(1,049,237)			(1,396,164)

Net current assets			2,005,273			2,318,906

Net assets			2,014,654			2,335,264

Capital and reserves
Called up share capital			1			1
Profit and loss account			2,014,653			2,335,263

Shareholders' funds			2,014,654			2,335,264

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Qian Mo Lin
Director
Approved by the board on 30 September 2025

99K LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery:
	Fixtures, fittings, tools and equipment	20% Straight Line

	Stocks
	Under the moving average cost method, the cost of inventory is calculated by taking into account the average cost of all units purchased up to a specific point in time. Instead of relying on the actual purchase price of each unit, the method assigns an average cost to each inventory unit.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		20		22


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				51,134
	Additions				3,164
	Disposals				(1,582)
	At 31 December 2024				52,716

	Depreciation
	At 1 January 2024				34,776
	Charge for the year				9,123
	On disposals				(564)
	At 31 December 2024				43,335

	Net book value
	At 31 December 2024				9,381
	At 31 December 2023				16,358


4	Debtors		2024		2023
£				£

	Trade debtors		879,180		2,119,960
	Other debtors		11,573		276,772
			890,753		2,396,732


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		52,688		-
	Taxation and social security costs		(44,208)		1,193,931
	Other creditors		1,040,757		202,233
			1,049,237		1,396,164


6	Sundries Breakdown		2024		2023
£				£

	Sundries		1		6
	Fines & Penalties		60,138		48,170
			60,139		48,176