KISS DC UK LIMITED


Director	BAE, David Kang Sik


Registered Address	Unit 6 Red Lion Road
	Red Lion Business Park
	Surbiton
	KT6 7QD


Registered Number	14953885 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	31 Dec 2024		30 Jun 2024
		£	£	£	£
Fixed assets
Tangible assets	3		55,678		-
			55,678		-
Current assets
Stocks		382,826		214,782
Debtors		259,391		109,808
Cash at bank and on hand		614,956		199,409
		1,257,173		523,999
Creditors amounts falling due within one year	4	(1,800,445)		(854,020)
Net current assets (liabilities)			(543,272)		(330,021)
Total assets less current liabilities			(487,594)		(330,021)
Net assets			(487,594)		(330,021)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(487,595)		(330,022)
Shareholders' funds			(487,594)		(330,021)

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 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 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2025, and are signed on its behalf by:

BAE, David Kang Sik
Director
Registered Company No. 14953885

KISS DC UK LIMITED

Notes to the Financial Statements
for the period 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	7
	Vehicles	7

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2024
	Average number of employees during the year	7		5

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	Additions	64,958
	At 31 December 24	64,958
	Depreciation and impairment
	Charge for year	9,280
	At 31 December 24	9,280
	Net book value
	At 31 December 24	55,678
	At 30 June 24	-

4.	Creditors: amounts due within one year

	2024	2024
	£	£
Trade creditors / trade payables	592,450	246,025
Amounts owed to related parties	1,207,544	607,544
Accrued liabilities and deferred income	451	451
Total	1,800,445	854,020


	Amounts owed to related parties - Intercompany Loan from Kiss Products Europe Limited of £1,207,544 Subsequent Event - On 30 April 2025, £600,000 of the above loan was converted into £600,000 ordinary shares of £1 each ( see note on post balance sheet event ) - A further £607,544 has been agreed by the board to be converted into share capital in financial year ending 31 December 2025. This will be reflected in the 2025 accounts when the conversion is completed.

Amounts owed to related parties - Intercompany Loan from Kiss Products Europe Limited of £1,207,544

Subsequent Event

- On 30 April 2025, £600,000 of the above loan was converted into £600,000 ordinary shares of £1 each ( see note on post balance sheet event )

- A further £607,544 has been agreed by the board to be converted into share capital in financial year ending 31 December 2025. This will be reflected in the 2025 accounts when the conversion is completed.

5.	Events after reporting date
	Post Balance Sheet Event ( Non-Adjusting ) - On 30 April 2025, £600,000 of the above loan was converted into £600,000 ordinary shares of £1 each. - A further £607,544 of the intercompany loan is expected to be converted into share capital in financial year ending 31 December 2025. As both conversion were agreed after the reporting date, no adjustments has been made to these financial statements.

Events after reporting date

Post Balance Sheet Event ( Non-Adjusting )

- On 30 April 2025, £600,000 of the above loan was converted into £600,000 ordinary shares of £1 each.

- A further £607,544 of the intercompany loan is expected to be converted into share capital in financial year ending 31 December 2025. As both conversion were agreed after the reporting date, no adjustments has been made to these financial statements.