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Registered number: 11751846
Kintsugi Space Uk Limited
ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY
Kintsugi Space Uk Limited
ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
DIRECTORS
Hamad Khlfan Ail Matar Alshamsi
Jasem Mohamed Jasem Naser Al Nuwais (Appointed 02/07/2024, Resigned 04/07/2025)
Ronan Patrick Finnerty (Appointed 30/06/2024, Resigned 16/07/2025)
Keith Young (Resigned 24/10/2024)
REGISTERED OFFICE
Unit 7, The Court House
72 Moorland Road
Stoke-on-Trent
ST6 1DY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11751846
BANKERS
Money Corp & 3S money
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY
Kintsugi Space Uk Limited
ACCOUNTS
FOR THEYEARENDED31/01/2025
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4
Kintsugi Space Uk Limited
BALANCE SHEET AT 31/01/2025
20252024
Notes££
FIXED ASSETS
Intangible assets3-56,676
Tangible assets4-3,209
-59,885
CURRENT ASSETS
Stock361,793432,502
Debtors660,64635,314
Cash at bank and in hand119,31474,740
541,753542,556
CREDITORS: Amounts falling due within one year791,9953,561
NET CURRENT ASSETS449,758538,995
TOTAL ASSETS LESS CURRENT LIABILITIES449,758598,880
CAPITAL AND RESERVES
Called up share capital8325325
Share premium account92,247,5302,247,530
Profit and loss account(1,798,097)(1,648,975)
SHAREHOLDERS' FUNDS449,758598,880
For the year ending 31/01/2025 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31/10/2025 and signed on their behalf by
Hamad Khlfan Ail Matar Alshamsi
Director
Kintsugi Space Uk Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have not been prepared on a going concern basis as the company has ceased to trade on 30 September 2025. The company's assets have been written down to their recoverable amounts and all liabilites will be settled off by the owners of the company.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1d. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
1e. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1f. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
Kintsugi Space Uk Limited
2. EMPLOYEES
20252024
No.No.
Average number of employees11
3. INTANGIBLE FIXED ASSETS
DevelopmentTrademarks
Costs& PatentsTotal
£££
Cost
At 01/02/202487,9098,77596,684
At 31/01/202587,9098,77596,684
Depreciation
At 01/02/202433,4616,54740,008
For the year54,4482,22856,676
At 31/01/202587,9098,77596,684
Net Book Amounts
At 31/01/2025---
At 31/01/202454,4482,22856,676
4. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/02/202423,92623,926
Additions286286
At 31/01/202524,21224,212
Depreciation
At 01/02/202420,71720,717
For the year3,4953,495
At 31/01/202524,21224,212
Net Book Amounts
At 31/01/2025--
At 31/01/20243,2093,209
Kintsugi Space Uk Limited
5. STOCK 20252024
££
Stock comprises:
Stock361,793432,502
361,793432,502
6. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors55,052169
VAT5,3942,977
Other debtors200200
Prepayments-28,899
Shareholder loans-3,069
60,64635,314
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Shareholder loans81,512-
Trade creditors9,6132,691
Accruals870870
91,9953,561
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
325 Ordinary shares of £1 each325325
325325
9. SHARE PREMIUM ACCOUNT 20252024
££
Share premium account2,247,5302,247,530
Kintsugi Space Uk Limited
10. RELATED PARTY TRANSACTIONS
During the year Kintugi Space UK Limited sold goods to Kintsugi Ladies Spa Ltd amounting to £251,528. At 31 January 2025 this company was owed £55,052 within trade debtors.
During the year the company was provided with funding to the value of £84,581 by Kintsugi Ladies Spa Ltd. At 31 January 2025 this company owed £81,512 (2024 - £3,069 Debtor) to Kintsugi Ladies Spa Ltd.
11. CONTROLLING PARTY
The company is controlled by Kintsugi Ladies Spa Lld, a company registered in United Arab Emirates.