ALO'NUKO LTD


Director	OKUNLOLA, Basirat Gbemisola


Company Secretary	OKUNLOLA, Basirat Gbemisola


Registered Address	20-22 Wenlock Road
	London
	N1 7GU


Registered Number	08178191 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	Alo'nuko 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.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	These financial statements have been prepared in accordance with Financial Reporting Standard 102. The financial statements have been prepared under the historical cost convention. The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of assets and liabilities at the reporting date and the reported amounts of income and expenditure during the period. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102. The financial statements have been prepared under the historical cost convention.

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of assets and liabilities at the reporting date and the reported amounts of income and expenditure during the period. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

	Functional and presentation currency
	The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. No significant judgements have been made by management in preparing these financial statements. No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

No significant judgements have been made by management in preparing these financial statements.

No key sources of estimation uncertainty have been identified by management in preparing these financial
statements other than those detailed in these accounting policies.

	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 company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities,

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 company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities,

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Borrowing costs
	Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

	Tangible fixed assets and depreciation
	Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives using the following methods and rates:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	3
Plant and machinery	20	-
Fixtures and fittings	33	-
Office Equipment	33	-

	Stocks and work in progress
	Stocks and work in progress are stated at the lower of cost and net realisable value. Cost comprises the purchase cost of fabrics, accessories and other materials, together with direct labour and an appropriate proportion of production overheads incurred in bringing the inventories to their present condition and location. Work in progress includes the cost direct materials, direct labour and attributable production overheads.

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and net realisable value.

Cost comprises the purchase cost of fabrics, accessories and other materials, together with direct labour and an appropriate proportion of production overheads incurred in bringing the inventories to their present condition and location.

Work in progress includes the cost direct materials, direct labour and attributable production overheads.

	Trade and other debtors
	Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade and other debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

	Cash and cash equivalents
	Cash and cash equivalents are measured at the amount of cash held and are carried at cost and comprise cash at bank and on hand.

	Trade and other creditors
	Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

	Financial instruments
	Classification Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Impairment Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

Financial instruments

Classification

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment

Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

	Share capital
	Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. During the year, the Advance Share Subscription balance was converted into ordinary share capital. Accordingly, the amounts previously recognised within the Advance Share Subscription reserve were transferred to Share Capital and Share Premium in accordance with the share issue terms.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

During the year, the Advance Share Subscription balance was converted into ordinary share capital. Accordingly, the amounts previously recognised within the Advance Share Subscription reserve were transferred to Share Capital and Share Premium in accordance with the share issue terms.

	Government grants or assistance
	Government grants or assistance are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Government grants or assistance

Government grants or assistance are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	18		19

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	123,938	8,025	74,636	18,763	225,362
Additions	-	-	136	1,880	2,016
Disposals	-	-	-	(367)	(367)
At 31 December 25	123,938	8,025	74,772	20,276	227,011
Depreciation and impairment
At 01 January 25	90,762	3,511	44,483	9,243	147,999
Charge for year	32,838	903	9,831	3,599	47,171
On disposals	-	-	-	(49)	(49)
At 31 December 25	123,600	4,414	54,314	12,793	195,121
Net book value
At 31 December 25	338	3,611	20,458	7,483	31,890
At 31 December 24	33,176	4,514	30,153	9,520	77,363


	Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives.

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	18,524	28,635
Work in progress	158,914	35,003
Finished goods	157,761	52,148
Total	335,199	115,786

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	37,467	35,043
Other debtors	24,798	-
Prepayments and accrued income	3,567	10,982
Total	65,832	46,025

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	126,625	16,075
Bank borrowings and overdrafts	292,085	245,585
Taxation and social security	203,588	91,969
Other creditors	144,908	90,786
Accrued liabilities and deferred income	912,244	707,578
Total	1,679,450	1,151,993

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	25,488	52,367
Convertible loans	30,000	-
Other creditors	31,896	-
Total	87,384	52,367

8.	Related party transactions
	At 31 December 2025, the company owes £115,285 to the director in the form of a director's loan account. These amounts are repayable on demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		31,890		77,363
			31,890		77,363
Current assets
Stocks	4	335,199		115,786
Debtors	5	65,832		46,025
Cash at bank and on hand		22,375		30,319
		423,406		192,130
Creditors amounts falling due within one year	6	(1,679,450)		(1,151,993)
Net current assets (liabilities)			(1,256,044)		(959,863)
Total assets less current liabilities			(1,224,154)		(882,500)
Creditors amounts falling due after one year	7		(87,384)		(52,367)
Net assets			(1,311,538)		(934,867)
Capital and reserves
Called up share capital			113		109
Share premium			433,202		258,103
Other reserves			-		24,990
Profit and loss account			(1,744,853)		(1,218,069)
Shareholders' funds			(1,311,538)		(934,867)