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REGISTERED NUMBER: 03257116 (England and Wales)

Audited Financial Statements for the Year Ended 30 June 2025

for

KATO ENTERPRISES LIMITED

KATO ENTERPRISES LIMITED (REGISTERED NUMBER: 03257116)

Contents of the Financial Statements

FOR THE YEAR ENDED 30 JUNE 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

KATO ENTERPRISES LIMITED

Company Information

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | Kayode Sunday Toyinbo

| Lynn Mann

| Denice Nike Dugyinn Mann-Toyinbo

| Dele Anthony Ching Mann-Toyinbo

| Deji Andrew Duggeh Mann-Toyinbo

| SECRETARY: | Kayode Sunday Toyinbo

| REGISTERED OFFICE: | Endurance House

| 71 Sumner Road

| Croydon

| Surrey

| CR0 3LN

| REGISTERED NUMBER: | 03257116 (England and Wales)

| AUDITORS: | Owadally & King

| Chartered Certified Accountants

| & Statutory Auditors

| 73 Park Lane

| Croydon

| Surrey

| CR0 1JG

| BANKERS: | Barclays Bank Plc

| PO Box 95

| 1 North End Road

| Croydon

| CR9 1RN

KATO ENTERPRISES LIMITED (REGISTERED NUMBER: 03257116)

Balance Sheet

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 91,631 |  | 114,345 |  |

CURRENT ASSETS

Stocks | 1,034,685 |  | 1,030,617 |  |

Debtors | 5 | 2,722,386 |  | 2,275,277 |  |

Cash at bank | 1,996,503 |  | 1,114,314 |  |

5,753,574 |  | 4,420,208 |  |

CREDITORS

Amounts falling due within one year | 6 | 3,617,806 |  | 2,301,339 |  |

NET CURRENT ASSETS | 2,135,768 |  | 2,118,869 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,227,399 |  | 2,233,214 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | 208,276 |  |

NET ASSETS | 2,227,399 |  | 2,024,938 |  |

CAPITAL AND RESERVES

Called up share capital | 500,300 |  | 500,300 |  |

Retained earnings | 9 | 1,727,099 |  | 1,524,638 |  |

SHAREHOLDERS' FUNDS | 2,227,399 |  | 2,024,938 |  |

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 3 March 2026 and were signed on its behalf by:

Kayode Sunday Toyinbo - Director

KATO ENTERPRISES LIMITED (REGISTERED NUMBER: 03257116)

Notes to the Financial Statements

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Kato Enterprises 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Sales is recognised when goods are despatched from the warehouse to be 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.

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 25% on cost

| Improvements to land and buildings - straight line over 15 years

| Stocks

| Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making allowances for obsolete and slow moving items. Cost is determined using the Average Cost method.

KATO ENTERPRISES LIMITED (REGISTERED NUMBER: 03257116)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

| a) Trade and other debtors

| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

| b) Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and in hand.

| c) Impairment of financial assets

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

| d) Trade and other creditors

| Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| 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 or deferred taxation assets and liabilities are not discounted.

| 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.

KATO ENTERPRISES LIMITED (REGISTERED NUMBER: 03257116)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Going concern

| The Board of Directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The directors will not ask for their loan to be repaid until such time that the company can afford to repay them, and will continue to support the company. For this reason, they still adopt the going concern basis in producing the accounts.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 10 ) .

KATO ENTERPRISES LIMITED (REGISTERED NUMBER: 03257116)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures

| Short |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 July 2024 | 25,560 |  | 18,116 |  | 37,550 |  |

| Additions | - |  | - |  | 8,200 |  |

| Exchange differences | - |  | - |  | (49 | ) |

| At 30 June 2025 | 25,560 |  | 18,116 |  | 45,701 |  |

| DEPRECIATION

| At 1 July 2024 | 13,011 |  | 18,116 |  | 35,760 |  |

| Charge for year | 1,704 |  | - |  | 1,929 |  |

| Exchange differences | - |  | - |  | (37 | ) |

| At 30 June 2025 | 14,715 |  | 18,116 |  | 37,652 |  |

| NET BOOK VALUE

| At 30 June 2025 | 10,845 |  | - |  | 8,049 |  |

| At 30 June 2024 | 12,549 |  | - |  | 1,790 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 121,641 |  | 115,307 |  | 318,174 |  |

| Additions | - |  | 6,100 |  | 14,300 |  |

| Exchange differences | - |  | (86 | ) | (135 | ) |

| At 30 June 2025 | 121,641 |  | 121,321 |  | 332,339 |  |

| DEPRECIATION

| At 1 July 2024 | 49,274 |  | 87,668 |  | 203,829 |  |

| Charge for year | 21,396 |  | 11,927 |  | 36,956 |  |

| Exchange differences | - |  | (40 | ) | (77 | ) |

| At 30 June 2025 | 70,670 |  | 99,555 |  | 240,708 |  |

| NET BOOK VALUE

| At 30 June 2025 | 50,971 |  | 21,766 |  | 91,631 |  |

| At 30 June 2024 | 72,367 |  | 27,639 |  | 114,345 |  |

KATO ENTERPRISES LIMITED (REGISTERED NUMBER: 03257116)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 JUNE 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 2,003,740 |  | 1,492,188 |  |

| Other debtors | 20,783 |  | 49,528 |  |

| Cash cover security for Bond | 640,000 |  | 680,000 |  |

| Prepayments | 57,863 |  | 53,561 |  |

2,722,386 |  | 2,275,277 |  |

| At the year-end, the company had outstanding guarantees and performance bonds issued by Barclays Bank PLC amounting to £640,000 (2024: £680,000). These bonds are provided in the normal course of trade to guarantee the company's performance under the customer contracts. The bonds are typically issued for periods of up to one year and are secured by a cash deposit. No losses are expected to arise from these arrangements.

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 8) | 133,083 |  | 341,867 |  |

| Hire purchase contracts | 15,952 |  | 22,405 |  |

| Trade creditors | 1,245,136 |  | 790,245 |  |

| Taxation and social security | 785,222 |  | 476,457 |  |

| Other creditors | 1,438,413 |  | 670,365 |  |

3,617,806 |  | 2,301,339 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 8) | - |  | 192,324 |  |

| Hire purchase contracts | - |  | 15,952 |  |

- |  | 208,276 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| IWOCA loan | - |  | 133,001 |  |

| Merchant Money loan | - |  | 40,219 |  |

| CIBLS loan | 59,634 |  | 65,981 |  |

| Recovery loan | 73,449 |  | 102,666 |  |

133,083 |  | 341,867 |  |

KATO ENTERPRISES LIMITED (REGISTERED NUMBER: 03257116)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 JUNE 2025

8. | LOANS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due between one and two years:

| Merchant money loan | - |  | 7,507 |  |

| CIBLS loan | - |  | 59,634 |  |

| Recovery loan | - |  | 73,449 |  |

| IWOCA loan | - |  | 51,734 |  |

- |  | 192,324 |  |

| The Merchant Money loan bears interest at 19.8% per annum, repayable over three years.

| The CBILS loan carries an interest rate of 8.9% per annum, with repayment over four years.

| The Recovery loan has an interest rate of 8.49% per annum, repayable over four years.

| The IWOCA loan accrues interest at 8.9% per annum, with repayment over two years.

9. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2024 | 1,524,638 |  |

| Profit for the year | 202,461 |  |

| At 30 June 2025 | 1,727,099 |  |

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mr Mohammed Yousouf F Owadally (Senior Statutory Auditor)

| for and on behalf of Owadally & King

11. | RELATED PARTY DISCLOSURES

| During the year, the company has paid rent of £44,500 (2024- £44,500) to the Directors, Mr Kayode Sunday Toyinbo & Mrs Lynn Mann, who own the building, Endurance House.

| As at 30 June 2025, the directors, Mr Kayode Sunday Toyinbo and Mrs Lynn Mann, were owed £296,725.18 (2024- £318,776) by the company. The loan is interest-free and will be repaid as and when the company is able to repay the money.

| Mr Kayode Sunday Toyinbo and Mrs Lynn Mann have provided personal guarantees to the value of £170,000 (2024: £170,000) secured against their properties for the guarantee provided by bank.

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr Kayode Sunday Toyinbo and Mrs Lynn Mann.