Fragrant Knives Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 15398675

		31 January 2026		31 January 2025
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	6,740		-
Debtors	5	100		121
Cash at bank and in hand		4,763		702

		11,603		823
Creditors: Amounts Falling Due Within One Year	6	(3,759 )		(1,936 )

NET CURRENT ASSETS (LIABILITIES)			7,844		(1,113 )

TOTAL ASSETS LESS CURRENT LIABILITIES			7,844		(1,113 )

NET ASSETS/(LIABILITIES)			7,844		(1,113 )

CAPITAL AND RESERVES
Called up share capital	7		114		100
Share premium account			47,486		-
Profit and Loss Account			(39,756 )		(1,213 )

SHAREHOLDERS' FUNDS			7,844		(1,113)

For the year ending 31 January 2026 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Sean Warmington

Director

31/10/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Fragrant Knives Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15398675 . The registered office is 119 Uxbridge Road, Rickmansworth, WD3 7DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The functional and presentation currency of the company is the Pound Sterling.

2.2. Going Concern Disclosure

The directors have considered the company’s financial position and business plans. The company has developed a strong product and is in the early stages of commercialisation. The directors acknowledge that the business remains dependent on achieving forecast sales and on securing additional funding to support ongoing operations.

Based on these plans and actions being taken, the directors believe that the going concern basis of preparation remains appropriate. However, they note that this dependency represents a material uncertainty that may cast significant doubt over the company’s ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the goods have been delivered to the customer.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

The company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments. Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. Basic financial liabilities, including trade and other payables, and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 3)

4. Stocks

	31 January 2026	31 January 2025
	£	£
Stock	6,740	-

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Fragrant Knives Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Debtors

	31 January 2026	31 January 2025
	£	£
Due within one year
Other debtors	100	121

6. Creditors: Amounts Falling Due Within One Year

	31 January 2026	31 January 2025
	£	£
Trade creditors	316	592
Other creditors	3,443	1,344

	3,759	1,936

7. Share Capital

	31 January 2026	31 January 2025
	£	£
Called Up Share Capital not Paid	100	100
Called Up Share Capital has been paid up	14	-

Amount of Allotted, Called Up Share Capital	114	100

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