Company Registration No. 08439416 (England and Wales)
Kogopay (uk) Limited
Unaudited accounts
for the year ended 31 December 2025
Kogopay (uk) Limited
Unaudited accounts
Contents
Kogopay (uk) Limited
Company Information
for the year ended 31 December 2025
Director
Narisa CHAUVIDUL-AW
Company Number
08439416 (England and Wales)
Registered Office
Zrs - Building 3
Oakleigh Road South
London
N11 1NP
United Kingdom
Kogopay (uk) Limited
Statement of financial position
as at 31 December 2025
Cash at bank and in hand
10,628
Creditors: amounts falling due within one year
(91,317)
Net current liabilities
(80,689)
Called up share capital
250,000
Profit and loss account
(330,689)
Shareholders' funds
(80,689)
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 September 2026 and were signed on its behalf by
Narisa CHAUVIDUL-AW
Director
Company Registration No. 08439416
Kogopay (uk) Limited
Notes to the Accounts
for the year ended 31 December 2025
Kogopay (uk) Limited is a private company, limited by shares, registered in England and Wales, registration number 08439416. The registered office is Zrs - Building 3, Oakleigh Road South, London, N11 1NP, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention and comparative information has been disclosed in respect of the period from 01 January 2025 to 31 December 2025 for all numerical information in the financial statements and also the narrative and descriptive information where it is relevant for comparing of the current financial statements which has prepared for 12 months.
Reclassification Consideration
Where necessary, costs may be reclassified between direct and indirect costs to ensure accurate representation in the financial statements. This ensures that only those costs strictly necessary for revenue generation are captured under this category.
The policy for amending accounts ensures all adjustments are conducted transparently, accurately, and in compliance with applicable accounting standards, laws, and regulations. Amendments must be justified with documented evidence, reviewed, and approved by authorized personnel, with major changes requiring higher-level approvals. Each amendment must be recorded with a clear audit trail and communicated transparently to relevant stakeholders if materially impactful. Supporting documentation, reconciliation, and a re-verification process for significant changes help maintain financial integrity. This policy emphasizes robust internal controls, regular employee training, and consistent review to prevent errors and uphold accuracy and accountability in financial reporting.
The fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.
The fair value of trade and other short-term receivables are taken to approximate their carrying value. The fair value of financial assets and liabilities approximate their carrying value.
The financial statements of GRANTS PAYMENT SOLUTIONS LTD have been prepared on a going concern basis. The directors have assessed the company’s financial position, cash flow projections, and future revenue forecasts, taking into account both current economic conditions and the company’s strategic plans. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue its operations for the foreseeable future.
The Financial Statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £ sterling.
Kogopay (uk) Limited
Notes to the Accounts
for the year ended 31 December 2025
IFRS 15 establishes a comprehensive framework for determining whether, how much and when revenue is recognized. Under IFRS 15, revenue is recognized when a customer obtain control of the goods or services. Determining the timing of transfer of control at a point in time or over time and requires judgment.
The core principle of IFRS 15 is that an entity will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.
IFRS 15 requires application of 5 step model for revenue recognition:
1) Identify the contract(s) with a customer;
2) Identify the performance obligations in the contract;
3) Determine the transaction price;
4) Allocate the transaction price to the performance obligations in the contract; and
5) Recognize revenue when (or as) the entity satisfies a performance obligation.
Application of this guidance will depend on the facts and circumstances present in a contract with a customer and will require the exercise of judgment:
i) Interest income is recognized when accrued on a time proportion basis; and
ii) Other income recognized when the right to received payment established.
The transfer of money, known as money remittance, is generally exempt from Value Added Tax (VAT). This exemption applies to financial transactions involving the transfer of funds between parties, as outlined in the VAT Act 1994, Schedule 9, Group 5, Item 1.
The tax expense represents the sum of the tax currently payable and deferred tax.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that the taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rated that have been enacted or substantively enacted by the reporting end date.
Deferred Tax
Deferred Tax liabilities are generally recognized for all timing differences and deferred tax assets are recognized to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognized if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realized. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charge or credited directly, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and labilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Proceeds from issuance of ordinary shares are recognized as share capital in equity when there is no contractual obligation to transfer cash or other financial assets.
Kogopay (uk) Limited
Notes to the Accounts
for the year ended 31 December 2025
These notes form an integral part of the annexed financial statements and accordingly are to be read in conjunction therewith;
The company conducts its business activities primarily through bank channels. On occasion, the company may utilize the director’s personal bank account for specific business-related transactions. All financial activities are recorded in accordance with applicable accounting standards and regulatory requirements to ensure transparency and compliance.
Previous year’s figures have been regrouped and/or rearranged whenever considered necessary for the purpose of the current year’s financial presentation.
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Creditors: amounts falling due within one year
2025
Loans from directors
88,817
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Average number of employees
During the year the average number of employees was 0.