Company Registration No. 04332597 (England and Wales)
Kol Tov Ltd.
Unaudited accounts
for the year ended 31 December 2024
Kol Tov Ltd.
Unaudited accounts
Contents
Kol Tov Ltd.
Company Information
for the year ended 31 December 2024
Directors
Mr M Ciment
Mr C Ciment
Company Number
04332597 (England and Wales)
Registered Office
92 Dunsmure Road
Stoke Newington
London
N16 5JY
Kol Tov Ltd.
Statement of financial position
as at 31 December 2024
Tangible assets
21,057
24,772
Inventories
614,500
685,000
Cash at bank and in hand
11,304
13,981
Creditors: amounts falling due within one year
(745,694)
(980,283)
Net current assets/(liabilities)
28,098
(13,235)
Total assets less current liabilities
49,155
11,537
Creditors: amounts falling due after more than one year
(4,666)
(14,806)
Net assets/(liabilities)
44,489
(3,269)
Called up share capital
2
2
Profit and loss account
44,487
(3,271)
Shareholders' funds
44,489
(3,269)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by
Mr C Ciment
Director
Company Registration No. 04332597
Kol Tov Ltd.
Notes to the Accounts
for the year ended 31 December 2024
Kol Tov Ltd. is a private company, limited by shares, registered in England and Wales, registration number 04332597. The registered office is 92 Dunsmure Road, Stoke Newington, London, N16 5JY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Kol Tov Ltd.
Notes to the Accounts
for the year ended 31 December 2024
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
48,248
55,367
103,615
At 31 December 2024
48,248
55,367
103,615
At 1 January 2024
37,045
41,798
78,843
Charge for the year
1,680
2,035
3,715
At 31 December 2024
38,725
43,833
82,558
At 31 December 2024
9,523
11,534
21,057
At 31 December 2023
11,203
13,569
24,772
Amounts falling due within one year
Trade debtors
33,852
8,602
Other debtors
114,136
259,465
Kol Tov Ltd.
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
40,471
57,113
Trade creditors
424,417
351,959
Taxes and social security
8,206
5,485
Other creditors
272,600
565,726
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 12 (2023: 12).