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# IKIRU ARTS LIMITED

## Company Registration Number:
10785856 (England and Wales)

## Unaudited statutory accounts for the year ended 31 May 2025

## Period of accounts

## Start date: 01 June 2024

## End date: 31 May 2025

# IKIRU ARTS LIMITED

## Contents of the Financial Statements

for the Period Ended 31 May 2025

Company Information - 3 |
Report of the Directors - 4 |
Profit and Loss Account - 5 |
Balance sheet - 6 |
Additional notes - 8 |
Balance sheet notes - 11 |

# IKIRU ARTS LIMITED

## Company Information

for the Period Ended 31 May 2025

Director: |  | Caroline E. Wright
Registered office: |  | Rowes Cottage The Street Great Snoring Fakenham England NR21 0AH
Company Registration Number: |  | 10785856 (England and Wales)

# IKIRU ARTS LIMITED

## Directors' Report Period Ended 31 May 2025

The directors present their report with the financial statements of the company for the period ended 31 May 2025

Principal Activities

The companies principal activity during this period was the making, buying and selling of gifts for people and their homes. Retail.

Political and charitable donations

The company's charitable donations during this period was £0.00. likewise no political donations were made.

Company policy on the employment of disabled persons

not applicable

Additional information

Not applicable

Directors

The directors shown below have held office during the whole of the period from 01 June 2024 to 31 May 2025
Caroline E. Wright

This report was approved by the board of directors on 19 March 2026
And Signed On Behalf Of The Board By:

Name: Caroline E. Wright
Status: Director

# IKIRU ARTS LIMITED

## Profit and Loss Account

for the Period Ended 31 May 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Turnover |  | 173,874 | 158,395
Cost of sales |  | ( 112,231 ) | ( 85,752 )
Gross Profit or (Loss) |  | 61,643 | 72,643
Income from coronavirus (COVID-19) business support grants |  | 0 | 0
Distribution Costs |  | ( 1,201 ) | ( 0 )
Administrative Expenses |  | ( 70,896 ) | ( 80,033 )
Other operating income |  | 0 | 0
Operating Profit or (Loss) |  | ( 10,454 ) | ( 7,390 )
Interest Receivable and Similar Income |  | 0 | 0
Interest Payable and Similar Charges |  | ( 862 ) | ( 6,289 )
Profit or (Loss) Before Tax |  | ( 11,316 ) | ( 13,679 )
Tax on Profit |  | ( 0 ) | ( 0 )
Profit or (Loss) for Period |  | ( 11,316 ) | ( 13,679 )

The notes form part of these financial statements

# IKIRU ARTS LIMITED

## Balance sheet

As at 31 May 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Fixed assets
Tangible assets: | 4 | 18,427 | 23,033
Total fixed assets: |  | 18,427 | 23,033
Current assets
Stocks: |  | 5,000 | 8,000
Debtors: | 5 | 0 | 0
Cash at bank and in hand: |  | 3,000 | 5,000
Total current assets: |  | 8,000 | 13,000
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 6 | ( 133,761 ) | ( 132,051 )
Net current assets (liabilities): |  | ( 125,761 ) | ( 119,051 )
Total assets less current liabilities: |  | ( 107,334 ) | ( 96,018 )
Creditors: amounts falling due after more than one year: | 7 | ( 19,835 ) | ( 19,835 )
Provision for liabilities: |  | ( 0 ) | ( 0 )
Accruals and deferred income: |  | ( 0 ) | ( 0 )
Total net assets (liabilities): |  | ( 127,169 ) | ( 115,853 )

The notes form part of these financial statements

# IKIRU ARTS LIMITED

## Balance sheet continued

As at 31 May 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Capital and reserves
Called up share capital: |  | 100 | 100
Revaluation reserve: | 8 | 0 | 0
Profit and loss account: |  | ( 127,269 ) | ( 115,953 )
Shareholders funds: |  | ( 127,169 ) | ( 115,853 )

For the year ending 31 May 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.

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

This report was approved by the board of directors on 19 March 2026
And Signed On Behalf Of The Board By:

Name: Caroline E. Wright
Status: Director

The notes form part of these financial statements

# IKIRU ARTS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

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

  Turnover policy

  Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the companies activities. Turnover is shown net of sales/ value added tax, returns, rebates and discounts.

  Other accounting policies

  Going concern. The company meets its day to day activities through funds provided by its director as directors loans. The director considers that these funds can and will continue to be made available, having reviewed her own financial position and the projections of the business in the next few years. On this basis the financial statements have been prepared on the going concern basis.

# IKIRU ARTS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 2 | 2

# IKIRU ARTS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 3. Off balance sheet disclosure

  No

# IKIRU ARTS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 4. Tangible assets

| Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | ---
Cost | £ | £ | £ | £
At 01 June 2024 | 989 | 6,200 | 15,844 | 23,033
Additions | 0 | 0 | 0 | 0
Disposals | ( 0 ) | ( 0 ) | ( 0 ) | ( 0 )
Revaluations | 0 | 0 | 0 | 0
Transfers | 0 | 0 | 0 | 0
At 31 May 2025 | 989 | 6,200 | 15,844 | 23,033
Depreciation |  |  |  |
At 01 June 2024 | 0 | 0 | 0 | 0
Charge for year | 198 | 1,240 | 3,168 | 4,606
On disposals | - | - | - | -
Other adjustments | - | - | - | -
At 31 May 2025 | 198 | 1,240 | 3,168 | 4,606
Net book value |  |  |  |
At 31 May 2025 | 791 | 4,960 | 12,676 | 18,427
At 31 May 2024 | 989 | 6,200 | 15,844 | 23,033

tangible fixed assets are stated at cost less accumulated depreciation. Depreciation has been calculated to write off the cost of assets over their estimated useful lives using a reducing balance method.

# IKIRU ARTS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 5. Debtors

| 2025 £ | 2024 £
--- | --- | ---
Trade debtors | 0 | 0
Prepayments and accrued income | 0 | 0
Other debtors | 0 | 0
Total | 0 | 0
Debtors due after more than one year: | 0 | 0

The company had no debtors at the balance sheet date.

# IKIRU ARTS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 6.Creditors: amounts falling due within one year note

| 2025 £ | 2024 £
--- | --- | ---
Other creditors | 133,761 | 132,051
Total | 133,761 | 132,051

Includede within creditors are directors loans which are unsecure, interest free and repayable when the company has sufficient funds

# IKIRU ARTS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 7.Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
--- | --- | ---
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Other creditors | 19,835 | 19,835
Total | 19,835 | 19,835

included within other creditors are directors loans which are unsecured, interest free and repayable when the company has sufficient funds.

# IKIRU ARTS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 8. Revaluation reserve

| 2025 £
--- | ---
Balance at 01 June 2024 | 0
Surplus or deficit after revaluation | 0
Balance at 31 May 2025 | 0

The company has no revaluation reserve.