ACCOUNTS - Final Accounts preparation

Company registration number: 06977432

KONIK'S TAIL LIMITED

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 October 2025

Coveney Nicholls Limited

Chartered Accountants

The Old Wheel House

31/37 Church Street

Reigate

Surrey

RH2 0AD


KONIK'S TAIL LIMITED Registered number:06977432

Balance Sheet

As at 31 October 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets		2,822		500
		2,822		500
Current assets
Stocks	40,213		54,218
Debtors: amounts falling due within one year	2,921		96,020
Cash at bank and in hand	111,534		115,091
	154,668		265,329
Creditors: amounts falling due within one year	(89,638)		(91,234)
Net current assets		65,030		174,095
Total assets less current liabilities		67,852		174,595

Net assets		67,852		174,595

Capital and reserves
Called up share capital	2	2
Profit and loss account	67,850	174,593
	67,852	174,595

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 on 29 October 2026.

Pleurat Shabani

Director

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KONIK'S TAIL LIMITED Registered number:06977432

Balance Sheet (continued)

As at 31 October 2025

The notes on pages 3 to 7 form part of these financial statements.

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KONIK'S TAIL LIMITED

Notes to the Financial Statements

For the Year Ended 31 October 2025

1.	General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Berkeley Square House, Berkeley Square, London, W1J 6BD.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 following principal accounting policies have been applied:

2.2

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.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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KONIK'S TAIL LIMITED

Notes to the Financial Statements

For the Year Ended 31 October 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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KONIK'S TAIL LIMITED

Notes to the Financial Statements

For the Year Ended 31 October 2025

2.Accounting policies (continued)

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Employees
		2025	2024
		£	£

Wages and salaries	27,750	24,000
Social security costs	3,293	2,056
	31,043	26,056

The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

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KONIK'S TAIL LIMITED

Notes to the Financial Statements

For the Year Ended 31 October 2025

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 November 2024	9,182
	Additions	2,913
	At 31 October 2025	12,095
	Depreciation
	At 1 November 2024	8,682
	Charge for the year on owned assets	591
	At 31 October 2025	9,273
	Net book value
	At 31 October 2025	2,822
	At 31 October 2024	500

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	-	94,920
Other debtors	1,821	-
Prepayments and accrued income	1,100	1,100
	2,921	96,020

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	111,534	115,091
	111,534	115,091

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KONIK'S TAIL LIMITED

Notes to the Financial Statements

For the Year Ended 31 October 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	8,000	16,002
Trade creditors	20,664	22,533
Amounts owed to group undertakings	6,967	-
Corporation tax	12,519	20,019
Other taxation and social security	15,062	7,717
Obligations under finance lease and hire purchase contracts	-	112
Other creditors	23,001	23,001
Accruals and deferred income	3,425	1,850
	89,638	91,234

8.	Controlling party

The company is a wholly owned subsidiary of United Spirit Brands Limited, a company registered in England & Wales under company number 06585795. Copies of the accounts are available from Companies House, Cardiff.

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