Registration number: 01791617

CKO International Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

CKO International Limited

Company Information

Director

Mr Matthew Johnson

Registered office

6 Lumsdale Road Cobra Court Trafford Park Manchester M32 0UT

CKO International Limited

(Registration number: 01791617)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	500,000	-
Tangible assets	5	405	28,772
		500,405	28,772
Current assets
Stocks	6	294,452	357,646
Debtors	7	535,923	366,749
Cash at bank and in hand		4,297	30,149
		834,672	754,544
Creditors: Amounts falling due within one year	8	(656,601)	(542,683)
Net current assets		178,071	211,861
Total assets less current liabilities		678,476	240,633
Creditors: Amounts falling due after more than one year	8	-	(20,834)
Provisions for liabilities		-	(1,131)
Net assets		678,476	218,668
Capital and reserves
Called up share capital		1,000	1,000
Share premium reserve		93,510	93,510
Revaluation reserve		500,000	-
Retained earnings		83,966	124,158
Shareholders' funds		678,476	218,668

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2026
 

CKO International Limited

(Registration number: 01791617)
Balance Sheet as at 31 December 2025

......................................... Mr Matthew Johnson Director

CKO International Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Lumsdale Road
Cobra Court
Trafford Park
Manchester
M32 0UT

These financial statements were authorised for issue by the director on 30 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Revenue recognition

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.

The company recognises revenue when:
The amount of turnover 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.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

CKO International Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Leasehold land and buildings	Over lease length, straight line
Plant and machinery	25% to 50% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

CKO International Limited

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

Trade 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 subsequently measured at amortised cost using the effective interest method.

Borrowings

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2024 - 12).

CKO International Limited

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

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
Revaluations	500,000	500,000
At 31 December 2025	500,000	500,000
Amortisation
Carrying amount
At 31 December 2025	500,000	500,000

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	34,809	60,969	95,778
Additions	-	105	105
Disposals	(34,323)	(49,251)	(83,574)
At 31 December 2025	486	11,823	12,309
Depreciation
At 1 January 2025	12,768	54,238	67,006
Charge for the year	5,722	2,496	8,218
Eliminated on disposal	(18,058)	(45,262)	(63,320)
At 31 December 2025	432	11,472	11,904
Carrying amount
At 31 December 2025	54	351	405
At 31 December 2024	22,041	6,731	28,772

Included within the net book value of land and buildings above is £54 (2024 - £22,041) in respect of long leasehold land and buildings.
 

CKO International Limited

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

6

Stocks

	2025 £	2024 £
Other inventories	294,452	357,646

7

Debtors

Current	2025 £	2024 £
Trade debtors	509,950	231,006
Prepayments	15,752	8,957
Other debtors	10,221	126,786
	535,923	366,749

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		20,834	50,000
Trade creditors		294,487	167,207
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11	39,524	2,876
Taxation and social security		125,686	185,023
Accruals and deferred income		69,731	135,853
Other creditors		106,339	1,724
		656,601	542,683

Other creditors relate to loans which are secured by a debenture over all assets of the company.

CKO International Limited

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

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		-	20,834

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000

10

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on revaluation of other assets	500,000	500,000

11	Related party transactions

Key management personnel

On 30 April 2026 Matthew Johnson, a director of CKO International Limited, acquired the entire issued share capital from Handfree Group Limited in exchange for the sale of his shares in Handsfree Group Limited to Scott Cassell, a director of both Handsfree Group Limited and CKO International Limited.

12	Non adjusting events after the financial period

The company's ultimate parent company was Handsfree Group Limited, a company incorporated in England, until 30 April 2026. At this date CKO International Limited demerged from its parent company and the issued share capital was acquired by Matthew Johnson.