| Kog Audio Ltd |
| Notes to the Accounts |
| for the year ended 31 July 2025 |
|
| 1 |
Accounting policies |
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|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
33.33% straight line |
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Stocks |
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Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. |
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Foreign currency translation |
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Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
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| 3 |
Intangible fixed assets |
£ |
|
|
Goodwill: Cost |
|
At 1 August 2024 |
370,440 |
|
At 31 July 2025 |
370,440 |
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|
|
|
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|
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Goodwill: Amortisation |
|
At 1 August 2024 |
370,440 |
|
At 31 July 2025 |
370,440 |
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|
|
|
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|
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|
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Goodwill: Net book value |
|
At 31 July 2025 |
- |
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Goodwill was written off in equal annual instalments over its estimated economic life of 5 years. |
|
| 4 |
Tangible fixed assets |
£ |
| Plant and machinery |
|
Cost |
|
At 1 August 2024 |
163,281 |
|
Additions |
12,818 |
|
Disposals |
(3,665) |
|
At 31 July 2025 |
172,434 |
|
|
|
|
|
|
|
|
|
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Depreciation |
|
At 1 August 2024 |
143,655 |
|
Charge for the year |
16,968 |
|
On disposals |
(3,163) |
|
At 31 July 2025 |
157,460 |
|
|
|
|
|
|
|
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Net book value |
|
At 31 July 2025 |
14,974 |
|
At 31 July 2024 |
19,626 |
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
52,817 |
|
70,708 |
|
Other debtors and prepayments |
2,612 |
|
971 |
|
|
|
|
|
|
55,429 |
|
71,679 |
|
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|
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|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
20,662 |
|
31,959 |
|
Corporation tax |
9,500 |
|
9,226 |
|
Other taxes and social security costs |
43,962 |
|
24,023 |
|
Director's account: Mark Standbridge |
118 |
|
2,314 |
|
Accruals |
14,557 |
|
2,699 |
|
Other creditors |
2,172 |
|
2,354 |
|
|
|
|
|
|
90,971 |
|
72,575 |
|
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| 7 |
Controlling party |
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The controlling party of the company is the director Mark Standbridge by virtue of his 100% shareholding. |
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| 8 |
Other information |
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Kog Audio Ltd is a private company limited by shares and incorporated in England. Its registered office is 10 Wellington Street, Cambridge, CB1 1HW. |
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| 9 |
Directors' benefits: advances, credits and guarantees |
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Creditors includes a loan from the director Mark Standbridge to the company of £118 (2024 £2,314). During the for the year ended 31 July 2025 the company paid rent to Mark Standbridge of £2,300 (2024 £2,300) for use of equipment storage space at his home. |