Koo Chesterfield Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10943313

Koo Chesterfield Limited

Filleted Unaudited Abridged Financial Statements

31 December 2024

Koo Chesterfield Limited

Abridged Financial Statements

Year Ended 31 December 2024

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Koo Chesterfield Limited

Abridged Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed Assets

Intangible assets	5	11,671	15,671
Tangible assets	6	51,745	57,495
		--------	--------
		63,416	73,166

Current Assets

Stocks	2,273	3,764
Debtors	925	925
Cash at bank and in hand	6,567	9,081
	-------	--------
	9,765	13,770

Creditors: amounts falling due within one year	13,467	15,053
	--------	--------
Net Current Liabilities	3,702	1,283
	--------	--------
Total Assets Less Current Liabilities	59,714	71,883

Creditors: amounts falling due after more than one year	28,247	33,532

Provisions	12,639	12,639
	--------	--------
Net Assets	18,828	25,712
	--------	--------

Capital and Reserves

Called up share capital	7	100	100
Profit and loss account		18,728	25,612
		--------	--------
Shareholders Funds		18,828	25,712
		--------	--------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Koo Chesterfield Limited

Abridged Statement of Financial Position (continued)

31 December 2024

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 27 December 2025 , and are signed on behalf of the board by:

Mr D Thomson
Director

Company registration number: 10943313

Koo Chesterfield Limited

Notes to the Abridged Financial Statements

Year Ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 475a Chatsworth Road, Chesterfield, Derbyshire, S40 3AD.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover in the accounts represents amounts receivable in the period, net of Value Added Tax.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% reducing balance
Property improvements	-	10% straight line
Equipment	-	10% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2023: 8 ).

5. Intangible assets

	£
Cost
At 1 January 2024 and 31 December 2024	40,000
	--------
Amortisation
At 1 January 2024	24,329
Charge for the year	4,000
	--------
At 31 December 2024	28,329
	--------
Carrying amount
At 31 December 2024	11,671
	--------
At 31 December 2023	15,671
	--------

6. Tangible assets

	£
Cost
At 1 January 2024 and 31 December 2024	124,551
	---------
Depreciation
At 1 January 2024	67,056
Charge for the year	5,750
	---------
At 31 December 2024	72,806
	---------
Carrying amount
At 31 December 2024	51,745
	---------
At 31 December 2023	57,495
	---------

7. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----