REGISTERED NUMBER: 08491220 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Coco Wolf Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J Lorimer

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

08491220 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

297,692

269,690

CURRENT ASSETS

Inventories

141,049

140,116

Debtors

6

2,701,012

4,091,492

Cash at bank

85,934

37,423

2,927,995

4,269,031

CREDITORS

Amounts falling due within one year

7

(2,916,750

)

(4,267,528

)

NET CURRENT ASSETS

11,245

1,503

TOTAL ASSETS LESS CURRENT LIABILITIES

308,937

271,193

CREDITORS

Amounts falling due after more than one year

8

(3,697

)

(14,530

)

PROVISIONS FOR LIABILITIES

(17,611

)

-

NET ASSETS

287,629

256,663

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

287,625

256,659

SHAREHOLDERS' FUNDS

287,629

256,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2025 and were signed by:

J Lorimer - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Income is recognised at the point that the company's goods are delivered to their customers, being the time ownership is transferred to the customer. Any invoices relating to deposits towards future orders are deferred in the financial statements until such time as the goods are supplied to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over the period of the lease

Website and software

-

Straight line over 2 years and Straight line over 4 years

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Website

Freehold

to

and

property

property

software

£

£

£

Cost

At 1 January 2024

170,289

121,661

43,960

Additions

-

-

61,881

At 31 December 2024

170,289

121,661

105,841

Depreciation

At 1 January 2024

-

36,610

43,960

Charge for year

-

28,090

12,892

At 31 December 2024

-

64,700

56,852

Net book value

At 31 December 2024

170,289

56,961

48,989

At 31 December 2023

170,289

85,051

-

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2024

2,545

18,778

357,233

Additions

5,047

6,892

73,820

At 31 December 2024

7,592

25,670

431,053

Depreciation

At 1 January 2024

695

6,278

87,543

Charge for year

673

4,163

45,818

At 31 December 2024

1,368

10,441

133,361

Net book value

At 31 December 2024

6,224

15,229

297,692

At 31 December 2023

1,850

12,500

269,690

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

591,451

1,362,567

Amounts owed by associates

16,426

16,426

Other debtors

2,093,135

2,712,499

2,701,012

4,091,492

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

11,667

10,000

Trade creditors

1,494,341

1,228,680

Taxation and social security

336,451

265,507

Other creditors

1,074,291

2,763,341

2,916,750

4,267,528

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

3,697

14,530

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/24

31/12/23

£

£

Within one year

42,500

42,500

Between one and five years

35,417

77,917

77,917

120,417

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £82,518 (2023: £414,666) due from the director J Lorimer. The maximum overdrawn amount of this loan was £414,666. This amount was repaid in full in January 2025.

Also included in other debtors is an amount of £1,057,457 (2023: £810,684) due from the director J Lorimer. The maximum overdrawn amount of this loan was £1,057,457. This has been part repaid since the year end.

Interest has been charged on all loan balances at the official HMRC rates.