KONESH & CO LTD - Accounts

KONESH & CO LTD
Contents Page
For the year ended 31 May 2025

Accountants' report	1
Balance sheet	2
Notes to the financial statements	3

KONESH & CO LTD Accountants' Report For the year ended 31 May 2025
Report to the directors on the preparation of the unaudited statutory accounts of KONESH & CO LTD for the year ended 31 May 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KONESH & CO LTD for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of KONESH & CO LTD, as a body, in accordance with the terms of our engagement letter dated 16 October 2025. Our work has been undertaken solely to prepare for your approval the accounts of KONESH & CO LTD and state those matters that we have agreed to state to the Board of Directors of KONESH & CO LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KONESH & CO LTD and its Board of Directors as a body for our work or for this report. It is your duty to ensure that KONESH & CO LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KONESH & CO LTD. You consider that KONESH & CO LTD is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of KONESH & CO LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 May 2025. .................................................... Harans & co Harans & co Chartered certified accountants 324 Stafford road Croydon Surrey CR0 4NH 16 October 2025 1

KONESH & CO LTD
Accountants' Report
For the year ended 31 May 2025

Report to the directors on the preparation of the unaudited statutory accounts of KONESH & CO LTD for the year ended 31 May 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KONESH & CO LTD for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of KONESH & CO LTD, as a body, in accordance with the terms of our engagement letter dated 16 October 2025. Our work has been undertaken solely to prepare for your approval the accounts of KONESH & CO LTD and state those matters that we have agreed to state to the Board of Directors of KONESH & CO LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KONESH & CO LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KONESH & CO LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KONESH & CO LTD. You consider that KONESH & CO LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of KONESH & CO LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 May 2025.

....................................................
Harans & co
Harans & co
Chartered certified accountants
324 Stafford road
Croydon
Surrey
CR0 4NH
16 October 2025

1

Registered Number: 11375763 KONESH & CO LTD
Balance Sheet
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	90,000	90,000
Tangible fixed assets	4	13,574	11,290
		103,574	101,290
Current assets
Stocks		3,580	2,180
Cash at bank and in hand		7,624	13,268
		11,204	15,448
Creditors: amount falling due within one year		(26,900)	(27,224)
Net current assets		(15,696)	(11,776)

Total assets less current liabilities		87,878	89,514
Creditors: amount falling due after more than one year		(58,784)	(75,796)
Net assets		29,094	13,718

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		28,994	13,618
Shareholders' funds		29,094	13,718

For the year ended 31 May 2025 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 profit and loss account 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 16 October 2025 and were signed on its behalf by:

-------------------------------
Mrs Urmila Sureshkumar
Director

2

KONESH & CO LTD
Notes to the Abridged Financial Statements
For the year ended 31 May 2025

General Information

KONESH & CO LTD is a private company, limited by shares, registered in England and Wales, registration number 11375763, registration address 6 Kingsholm Road, Gloucester, England, GL1 3AT.

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.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

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

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

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:

Plant and Machinery	15% Reducing Balance
Fixtures and Fittings	15% Reducing Balance
Computer Equipment	15% Reducing Balance

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 2 (2024 : 3).

3.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 June 2024	90,000	90,000
Additions	-	-
Disposals	-	-
At 31 May 2025	90,000	90,000
Net book values
At 31 May 2025	90,000	90,000
At 31 May 2024	90,000	90,000

4.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 June 2024	2,291	20,474	3,994	26,759
Additions	1,780	1,600	1,300	4,680
Disposals	-	-	-	-
At 31 May 2025	4,071	22,074	5,294	31,439
Depreciation
At 01 June 2024	1,427	12,666	1,376	15,469
Charge for year	397	1,411	588	2,396
On disposals	-	-	-	-
At 31 May 2025	1,824	14,077	1,964	17,865
Net book values
Closing balance as at 31 May 2025	2,247	7,997	3,330	13,574
Opening balance as at 01 June 2024	864	7,808	2,618	11,290

5.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Class shares of £1.00 each	100		100
	100		100

3

Registered Number: 11375763
England and Wales
KONESH & CO LTD

Abridged Accounts

Period of accounts Start date: 01 June 2024 End date: 31 May 2025