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Company Registration No. 14590370 (England and Wales)
Kokoro Harrow Ltd Unaudited accounts for the year ended 31 January 2025
Kokoro Harrow Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Kokoro Harrow Ltd Company Information for the year ended 31 January 2025
Director
Tae In Yoon
Company Number
14590370 (England and Wales)
Registered Office
Unit 16, St. George Shopping Centre St. Anns Road Harrow Middlesex HA1 1HS England
Accountants
Basetax Limited 6 Sutton Plaza Sutton Crt Rd Sutton SM1 4FS
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Kokoro Harrow Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
215,896
233,523
Current assets
Inventories
5
4,703
4,703
Debtors
6
23,748
7,305
Cash at bank and in hand
29,596
45,659
58,047
57,667
Creditors: amounts falling due within one year
7
(122,359)
(99,840)
Net current liabilities
(64,312)
(42,173)
Total assets less current liabilities
151,584
191,350
Creditors: amounts falling due after more than one year
8
(330,000)
(300,000)
Provisions for liabilities
Deferred tax
(4,153)
(10,828)
Net liabilities
(182,569)
(119,478)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(182,669)
(119,578)
Shareholders' funds
(182,569)
(119,478)
For the year ending 31 January 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2025 and were signed on its behalf by
Tae In Yoon Director Company Registration No. 14590370
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Kokoro Harrow Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Kokoro Harrow Ltd is a private company, limited by shares, registered in England and Wales, registration number 14590370. The registered office is Unit 16, St. George Shopping Centre, St. Anns Road, Harrow, Middlesex, HA1 1HS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15 years
Fixtures & fittings
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Kokoro Harrow Ltd Notes to the Accounts for the year ended 31 January 2025
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 years 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. 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 assets reflect 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.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
234,162
18,715
252,877
Additions
-
1,087
1,087
At 31 January 2025
234,162
19,802
253,964
Depreciation
At 1 February 2024
15,611
3,743
19,354
Charge for the year
15,611
3,103
18,714
At 31 January 2025
31,222
6,846
38,068
Net book value
At 31 January 2025
202,940
12,956
215,896
At 31 January 2024
218,551
14,972
233,523
5
Inventories
2025
2024
£
£
Work in progress
1,757
1,757
Finished goods
2,946
2,946
4,703
4,703
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Kokoro Harrow Ltd Notes to the Accounts for the year ended 31 January 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
23,748
7,305
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
26,529
24,954
Trade creditors
36,778
-
Taxes and social security
5,980
5,382
Other creditors
46,375
46,419
Loans from directors
200
-
Accruals
6,497
23,085
122,359
99,840
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
330,000
300,000
9
Average number of employees
During the year the average number of employees was 19 (2024: 20).
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