ACCOUNTS - Final Accounts preparation

Registered number: 16120000

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 MAY 2026

	EKONG COMMERCE LIMITED


EKONG COMMERCE LIMITED

COMPANY INFORMATION

Directors	E U Ekong (appointed 5 December 2024)
	W Ekong (appointed 5 December 2024)


Registered number	16120000


Registered office	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


EKONG COMMERCE LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 4


EKONG COMMERCE LIMITED REGISTERED NUMBER:16120000

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2026

		2026
Note		£


Current assets
Bank and cash balances		11,007
		11,007
Creditors: amounts falling due within one year	4	(16,681)
Net current (liabilities)/assets			(5,674)
Total assets less current liabilities			(5,674)

Net (liabilities)/assets			(5,674)

Capital and reserves
Called up share capital			100
Profit and loss account			(5,774)
			(5,674)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

E U Ekong

Director

Date: 4 September 2026

The notes on pages 2 to 4 form part of these financial statements.

Page 1


EKONG COMMERCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2026

1.	General information

Ekong Commerce 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The current year financial statements cover a period of 18 months from 5 December 2024 to 31 May 2026, as the reporting period was extended to align with the cessation of trade of the company.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis as the company was trading and considered to be a going concern at the reporting date. Subsequent to the period end, the director has decided to cease trading and intends to apply for the company to be struck off following the filing of these financial statements.

As the decision to cease trading was made after the reporting date, the financial statements have been prepared on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2


EKONG COMMERCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2026

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the period was 2.

Page 3


EKONG COMMERCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2026

4.	Creditors: Amounts falling due within one year
		2026
		£

	Other creditors	14,281
	Accruals and deferred income	2,400
		16,681

5.	Related party transactions
	At the balance sheet date the company owed £14,281 to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan.

Page 4