REGISTERED NUMBER: 07640757 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

IKHOFI LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Chartered accountants' report

7

DIRECTORS:

Mrs J L Hancock

A C Hancock

REGISTERED OFFICE:

Unit 7 Windsor Park

50 Windsor Avenue

Wimbledon

London

SW19 2TJ

REGISTERED NUMBER:

07640757 (England and Wales)

ACCOUNTANTS:

Z group

Suite LU.231

The Light Bulb

1 Filament Walk

Wandsworth

London

SW18 4GQ

FIXED ASSETS

Tangible assets

4

71,421

5,191

CURRENT ASSETS

Stocks

365,895

209,378

Debtors

5

396,600

407,388

Cash at bank

409,617

441,240

1,172,112

1,058,006

CREDITORS

Amounts falling due within one year

6

529,068

472,882

NET CURRENT ASSETS

643,044

585,124

TOTAL ASSETS LESS CURRENT LIABILITIES

714,465

590,315

CREDITORS

Amounts falling due after more than one year

7

-

(29,167

)

PROVISIONS FOR LIABILITIES

8

(17,856

)

(1,298

)

NET ASSETS

696,609

559,850

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

696,409

559,650

SHAREHOLDERS' FUNDS

696,609

559,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

A C Hancock - Director

1.	STATUTORY INFORMATION

Ikhofi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover represents amounts receivable for goods and services net of VAT and trade discounts and is recognised once the goods or services are delivered to the customer.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 June 2024

-

75,440

88,650

164,090

Additions

12,079

925

58,007

71,011

At 31 May 2025

12,079

76,365

146,657

235,101

DEPRECIATION

At 1 June 2024

-

73,643

85,256

158,899

Charge for year

361

1,243

3,177

4,781

At 31 May 2025

361

74,886

88,433

163,680

NET BOOK VALUE

At 31 May 2025

11,718

1,479

58,224

71,421

At 31 May 2024

-

1,797

3,394

5,191

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

331,516

363,202

Other debtors

26,400

12,750

Prepayments and accrued income

38,684

31,436

396,600

407,388

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

-

25,000

Trade creditors

161,622

163,161

Tax

137,247

100,550

Social security and other taxes

14,099

8,772

VAT

20,251

37,670

Other creditors

2,963

-

Accruals and deferred income

170,917

110,913

Accrued expenses

21,969

26,816

529,068

472,882

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans - 2-5 years

-

29,167

8.	PROVISIONS FOR LIABILITIES

31.5.25

31.5.24

£

£

Deferred tax

Accelerated capital allowances

17,856

1,298

Deferred

tax

£

Balance at 1 June 2024

1,298

Provided during year

16,558

Balance at 31 May 2025

17,856

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ikhofi Limited for the year ended 31 May 2025 which comprise the Income statement, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ikhofi Limited, as a body, in accordance with the terms of our engagement letter dated 19 April 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Ikhofi Limited and state those matters that we have agreed to state to the Board of Directors of Ikhofi Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ikhofi Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ikhofi Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ikhofi Limited. You consider that Ikhofi Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ikhofi Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Z group

Suite LU.231

The Light Bulb

1 Filament Walk

Wandsworth

London

SW18 4GQ

5 December 2025