Klosen UK Ltd - Accounts

Klosen UK Ltd
Contents Page
For the year ended 30 November 2024

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 10481778 Klosen UK Ltd
Statement of Financial Position
As at 30 November 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	190,393	198,117
		190,393	198,117
Current assets
Stocks		35,000	35,000
Debtors		91,331	104,858
Cash at bank and in hand		43,045	21,396
		169,376	161,254
Creditors: amount falling due within one year		(602,461)	(415,135)
Net current assets		(433,085)	(253,881)

Total assets less current liabilities		(242,692)	(55,764)
Net assets		(242,692)	(55,764)

Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(242,693)	(55,765)
Shareholders' funds		(242,692)	(55,764)

For the year ended 30 November 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.
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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

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 by the board of directors on 23 July 2025 and were signed on its behalf by:

-------------------------------
Michael John Meldrum
Director

1

Klosen UK Ltd
Notes to the Abridged Financial Statements
For the year ended 30 November 2024

General Information

Klosen UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 10481778, registration address Hudson Square, Northfields Industrial Estate, Market Deeping, PE6 8AQ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	0% Reducing Balance
Plant and Machinery	10% Reducing Balance
Motor Vehicles	10% Reducing Balance
Computer Equipment	10% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 5 (2023 : 5).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
At 01 December 2023	125,000	58,750	65,190	1,572	250,512
Additions	-	-	-	-	-
Disposals	-	-	-	-	-
At 30 November 2024	125,000	58,750	65,190	1,572	250,512
Depreciation
At 01 December 2023	-	22,933	28,910	552	52,395
Charge for year	-	3,581	4,041	102	7,724
On disposals	-	-	-	-	-
At 30 November 2024	-	26,514	32,951	654	60,119
Net book values
Closing balance as at 30 November 2024	125,000	32,236	32,239	918	190,393
Opening balance as at 01 December 2023	125,000	35,817	36,280	1,020	198,117

4.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
1 Class A share of £1.00 each	1		1
	1		1

2

Registered Number: 10481778
England and Wales
Abridged Accounts

for the year ended 30 November 2024
for
KLOSEN UK LTD