KKO Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08964612

KKO Ltd

Filleted Unaudited Financial Statements

31 January 2025

KKO Ltd

Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	19,765	666

Current assets

Debtors	6	178	1,652
Cash at bank and in hand		2,360	2,344
		-------	-------
		2,538	3,996

Creditors: amounts falling due within one year	7	28,585	4,650
		--------	-------
Net current liabilities		26,047	654
		--------	----
Total assets less current liabilities		( 6,282)	12
		-------	----
Net (liabilities)/assets		( 6,282)	12
		-------	----

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 6,284)	10
	-------	----
Shareholders (deficit)/funds	( 6,282)	12
	-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

KKO Ltd

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

Mr K. L Choi
Director

Company registration number: 08964612

KKO Ltd

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 138 Berkley Close, Highwoods, Colchester, Essex, CO4 9RR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	over the economic life of 8 years

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 February 2024	960	5,000	5,960
Additions	–	22,490	22,490
Disposals	–	( 5,000)	( 5,000)
	----	--------	--------
At 31 January 2025	960	22,490	23,450
	----	--------	--------
Depreciation
At 1 February 2024	853	4,441	5,294
Charge for the year	21	2,811	2,832
Disposals	–	( 4,441)	( 4,441)
	----	--------	--------
At 31 January 2025	874	2,811	3,685
	----	--------	--------
Carrying amount
At 31 January 2025	86	19,679	19,765
	----	--------	--------
At 31 January 2024	107	559	666
	----	--------	--------

6. Debtors

	2025	2024
	£	£
Other debtors	178	1,652
	----	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,051	2,167
Social security and other taxes	207	447
Other creditors	26,327	2,036
	--------	-------
	28,585	4,650
	--------	-------

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr K. L Choi	( 1,696)	( 29,566)	5,600	( 25,662)
	-------	--------	-------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr K. L Choi	( 1,914)	( 6,782)	7,000	( 1,696)
	-------	-------	-------	-------

During the year, the director of the company, Mr. Choi has provided £22,490 to the company for the purchase of a second hand van on the 1st Feb 2024. Apart from this, there is no material transaction between the company and its director that is required to be disclosed in the notes to accounts for the financial year ended 31 January 2025. Included in "other creditors of £26,327", there is an amount of £25,662 due to the company director, Mr. Choi. The terms of the loan is interest free, repayable on demand, and security free.