KORLING LTD

Company Registration Number:
09498191 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

KORLING LTD

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

KORLING LTD

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Intangible assets: 3 0 1,223
Tangible assets: 4 1,851 4,126
Total fixed assets: 1,851 5,349
Current assets
Stocks: 171,664 281,859
Debtors:   24,282 58,539
Cash at bank and in hand: 11,213 6,938
Total current assets: 207,159 347,336
Creditors: amounts falling due within one year: 5 (188,355) (304,917)
Net current assets (liabilities): 18,804 42,419
Total assets less current liabilities: 20,655 47,768
Creditors: amounts falling due after more than one year: 6 (226,597) (82,700)
Provision for liabilities: 0 (1,031)
Total net assets (liabilities): (205,942) (35,963)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (205,944) (35,965)
Shareholders funds: (205,942) (35,963)

The notes form part of these financial statements

KORLING LTD

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 December 2025
and signed on behalf of the board by:

Name: Johan Martin Korling
Status: Director

The notes form part of these financial statements

KORLING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

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: Fixtures & fittings25 Computer equipment33

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

Valuation and information policy

Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.

Other accounting policies

Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Pension costs 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.

KORLING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 7 9

KORLING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Intangible Assets

Total
Cost £
At 01 April 2024 2,039
Disposals (2,039)
At 31 March 2025 0
Amortisation
At 01 April 2024 816
On disposals (816)
At 31 March 2025 0
Net book value
At 31 March 2025 0
At 31 March 2024 1,223

KORLING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible Assets

Total
Cost £
At 01 April 2024 12,775
At 31 March 2025 12,775
Depreciation
At 01 April 2024 8,649
Charge for year 2,275
At 31 March 2025 10,924
Net book value
At 31 March 2025 1,851
At 31 March 2024 4,126

KORLING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

£188,355

KORLING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due after more than one year note

£226,597