| Kefron International Limited |
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| Notes to the Financial Statements |
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| Year ended 31 December 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The financial statements 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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The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. |
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The financial statements are prepared in sterling, which is the functional currency of the entity. |
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Going concern |
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The ultimate controlling party has committed to its ongoing financial support to the company. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements. |
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Revenue recognition |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and Value Added Tax. |
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Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. |
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Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. |
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Amortisation |
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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. Goodwill has been fully amortised. |
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Tangible fixed assets |
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Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. |
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An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. |
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Depreciation |
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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: |
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Fixtures and fittings |
20% reducing balance |
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Motor vehicles |
25% reducing balance |
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Computer equipment |
25% reducing balance |
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Impairment of fixed assets |
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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. |
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For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. |
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For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units. |
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Income tax |
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The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. |
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Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. |
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Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. |
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Financial instruments |
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A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. |
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Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
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Mr William Wilson |
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Firm: |
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William Wilson |
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Date of audit report: |
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30 April 2026 |
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| 3 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
16 |
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18 |
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| 4 |
Intangible fixed assets |
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Goodwill |
| £ |
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Cost |
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At 1 January 2025 |
18,820 |
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At 31 December 2025 |
18,820 |
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Amortisation |
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At 1 January 2025 |
18,820 |
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Provided during the year |
- |
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At 31 December 2025 |
18,820 |
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Net book value |
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At 31 December 2025 |
- |
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At 31 December 2024 |
- |
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| 5 |
Tangible fixed assets |
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Fixtures and fittings |
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Computer equipment |
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Total |
| £ |
£ |
£ |
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Cost |
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At 1 January 2025 |
67,452 |
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71,815 |
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139,267 |
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Additions |
- |
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9,876 |
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9,876 |
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Disposals |
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At 31 December 2025 |
67,452 |
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81,691 |
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149,143 |
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Depreciation |
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At 1 January 2025 |
63,004 |
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55,978 |
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118,982 |
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Charge for the year |
972 |
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5,560 |
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6,532 |
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On disposals |
- |
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- |
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- |
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At 31 December 2025 |
63,976 |
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61,538 |
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125,514 |
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Net book value |
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At 31 December 2025 |
3,476 |
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20,153 |
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23,629 |
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At 31 December 2024 |
4,448 |
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15,837 |
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20,285 |
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| 6 |
Debtors |
2025 |
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2024 |
| £ |
£ |
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Trade debtors |
623,426 |
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697,229 |
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Prepayments |
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19,976 |
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27,091 |
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Kefron Limited |
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274,337 |
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203,380 |
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917,739 |
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927,700 |
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Amounts due after more than one year included above |
- |
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10,841 |
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| 7 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Trade creditors |
9,744 |
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35,389 |
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Kefron Digital Limited |
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1,503,660 |
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1,351,079 |
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Kefron (UK) Limited |
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286 |
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10,275 |
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Corporation tax |
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25,068 |
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24,741 |
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Accruals |
64,950 |
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109,300 |
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Deferred Income |
26,232 |
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46,450 |
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VAT |
140,747 |
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154,429 |
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PAYE |
32,298 |
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37,424 |
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Pension |
5,125 |
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4,746 |
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Other creditors |
- |
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698 |
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1,808,110 |
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1,774,531 |
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| 8 |
Controlling party |
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Kefron International Limited is a wholly owned subsidiary of Kefron Digital Limited. |
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Kefron Digital Limited is a company registered in Ireland. Its registered office address is 53 Park West Road, Park West, Dublin 12, Ireland. |
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The ultimate controlling party is Kefron Group Limited. |
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Kefron Group Limited is a company registered in Ireland. Its registered office address is 53 Park West Road, Park West, Dublin 12, Ireland. |
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| 9 |
Other information |
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Kefron International Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
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21 Ellis Street |
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London |
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England |
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SW1X 9AL |