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Registered number: 12871200
Kokoro Young Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12871200
31 August 2025 31 August 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 400,198 242,078
400,198 242,078
CURRENT ASSETS
Stocks 5 19,877 19,882
Debtors 6 29,485 28,666
Cash at bank and in hand 24,217 161,521
73,579 210,069
Creditors: Amounts Falling Due Within One Year 7 (160,796 ) (181,054 )
NET CURRENT ASSETS (LIABILITIES) (87,217 ) 29,015
TOTAL ASSETS LESS CURRENT LIABILITIES 312,981 271,093
Creditors: Amounts Falling Due After More Than One Year 8 (37,628 ) (2,529 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,396 ) (30,024 )
NET ASSETS 238,957 238,540
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 238,857 238,440
SHAREHOLDERS' FUNDS 238,957 238,540
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss So Young Kim
Director
08/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kokoro Young Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12871200 . The registered office is 100 High Street, Epsom, KT19 8BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the lease term
Plant & Machinery 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2024: 24)
35 24
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2024 245,449 26,413 67,750 339,612
Additions 161,710 4,363 37,590 203,663
As at 31 August 2025 407,159 30,776 105,340 543,275
Depreciation
As at 1 September 2024 53,414 13,956 30,164 97,534
Provided during the period 27,144 3,364 15,035 45,543
As at 31 August 2025 80,558 17,320 45,199 143,077
Net Book Value
As at 31 August 2025 326,601 13,456 60,141 400,198
As at 1 September 2024 192,035 12,457 37,586 242,078
5. Stocks
31 August 2025 31 August 2024
£ £
Stock 19,875 -
Materials 2 19,882
19,877 19,882
6. Debtors
31 August 2025 31 August 2024
£ £
Due within one year
Trade debtors 17,607 20,696
Prepayments and accrued income 11,799 7,970
Net wages 79 -
29,485 28,666
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 August 2025 31 August 2024
£ £
Trade creditors 67,388 60,280
Bank loans and overdrafts 47,222 80,556
Corporation tax - 2,359
Other taxes and social security 15,713 13,161
VAT 27,285 23,601
Director's loan account 3,188 1,097
160,796 181,054
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2025 31 August 2024
£ £
Bank loans - (16,667 )
Other creditors 37,628 19,196
37,628 2,529
9. Share Capital
31 August 2025 31 August 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5