Company Registration No. 12570727 (England and Wales)
KO-Bolt International Ltd
Unaudited accounts
for the year ended 30 April 2022
KO-Bolt International Ltd
Unaudited accounts
Contents
KO-Bolt International Ltd
Company Information
for the year ended 30 April 2022
Company Number
12570727 (England and Wales)
Registered Office
380A New Hythe lane
Larkfield
Maidstone
Kent
ME206RZ
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
KO-Bolt International Ltd
Statement of financial position
as at
30 April 2022
Tangible assets
7,524
6,516
Cash at bank and in hand
11,850
24,517
Creditors: amounts falling due within one year
(21,909)
(22,493)
Net current (liabilities)/assets
(7,479)
3,014
Called up share capital
1
1
Profit and loss account
44
9,529
Shareholders' funds
45
9,530
For the year ending 30 April 2022 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 his 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 20 October 2022 and were signed on its behalf by
Karl Hague
Director
Company Registration No. 12570727
KO-Bolt International Ltd
Notes to the Accounts
for the year ended 30 April 2022
KO-Bolt International Ltd is a private company, limited by shares, registered in England and Wales, registration number 12570727. The registered office is 380A New Hythe lane, Larkfield, Maidstone, Kent, ME206RZ.
2
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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
KO-Bolt International Ltd
Notes to the Accounts
for the year ended 30 April 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2021
1,095
7,593
8,688
At 30 April 2022
1,095
11,108
12,203
At 1 May 2021
274
1,898
2,172
Charge for the year
205
2,302
2,507
At 30 April 2022
479
4,200
4,679
At 30 April 2022
616
6,908
7,524
At 30 April 2021
821
5,695
6,516
Amounts falling due within one year
Accrued income and prepayments
-
990
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
1,696
1,180
Taxes and social security
4,186
3,437
Loans from directors
11,973
14,706
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).