ACCOUNTS - Final Accounts preparation

Company registration number: 06977432

KONIK'S TAIL LIMITED

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 October 2024

Coveney Nicholls Limited

Chartered Accountants

The Old Wheel House

31/37 Church Street

Reigate

Surrey

RH2 0AD


KONIK'S TAIL LIMITED Registered number:06977432

Balance Sheet

As at 31 October 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets		500		1,484
		500		1,484
Current assets
Stocks	54,218		62,177
Debtors: amounts falling due within one year	96,020		146,564
Cash at bank and in hand	115,091		84,586
	265,329		293,327
Creditors: amounts falling due within one year	(91,234)		(93,475)
Net current assets		174,095		199,852
Total assets less current liabilities		174,595		201,336
Creditors: amounts falling due after more than one year		-		(113)

Net assets		174,595		201,223

Capital and reserves
Called up share capital	2	2
Profit and loss account	174,593	201,221
	174,595	201,223

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 October 2025.

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KONIK'S TAIL LIMITED Registered number:06977432

Balance Sheet (continued)

As at 31 October 2024

Pleurat Shabani

Director

The notes on pages 3 to 7 form part of these financial statements.

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KONIK'S TAIL LIMITED

Notes to the Financial Statements

For the Year Ended 31 October 2024

1.	General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Berkeley Square House, Berkeley Square, London, W1J 6BD.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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KONIK'S TAIL LIMITED

Notes to the Financial Statements

For the Year Ended 31 October 2024

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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KONIK'S TAIL LIMITED

Notes to the Financial Statements

For the Year Ended 31 October 2024

2.Accounting policies (continued)

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Employees
		2024	2023
		£	£

Wages and salaries	24,000	24,000
Social security costs	2,056	2,114
	26,056	26,114

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

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KONIK'S TAIL LIMITED

Notes to the Financial Statements

For the Year Ended 31 October 2024

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 November 2023	9,182
	At 31 October 2024	9,182
	Depreciation
	At 1 November 2023	7,698
	Charge for the year on owned assets	984
	At 31 October 2024	8,682
	Net book value
	At 31 October 2024	500
	At 31 October 2023	1,484

Debtors

					2024	2023
					£	£


Trade debtors	-	51,404
Amounts owed by group undertakings	94,920	89,973
Other debtors	-	2,521
Prepayments and accrued income	1,100	2,666
	96,020	146,564

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	115,091	84,586
	115,091	84,586

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KONIK'S TAIL LIMITED

Notes to the Financial Statements

For the Year Ended 31 October 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other loans	16,002	24,340
Trade creditors	22,533	16,653
Corporation tax	20,019	23,679
Other taxation and social security	7,717	1,923
Obligations under finance lease and hire purchase contracts	112	449
Other creditors	23,001	23,001
Accruals and deferred income	1,850	3,430
	91,234	93,475

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Net obligations under finance leases and hire purchase contracts	-	113
	-	113

9.	Controlling party

The company is a wholly owned subsidiary of United Spirit Brands Limited, a company registered in England & Wales under company number 06585795. Copies of the accounts are available from Companies House, Cardiff.

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