Koru UK Ltd - Period Ending 2014-04-30

Registration number: 05422998

Koru UK Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

Clever Accounts Limited
Carrwood Park
Selby Road
Leeds
Leeds
LS15 4LG

Koru UK Ltd
Contents

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Koru UK Ltd
for the Year Ended 30 April 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Koru UK Ltd for the year ended 30 April 2014 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Koru UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Koru UK Ltd. You consider that Koru UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Koru UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Clever Accounts Limited
Carrwood Park
Selby Road
Leeds
Leeds
LS15 4LG

26 February 2015

Page 1

Koru UK Ltd
(Registration number: 05422998)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					120,000			126,000
Tangible fixed assets					1			1
					120,001			126,001
Current assets
Stocks					44,354			43,250
Debtors					(1)			7,427
Cash at bank and in hand					11,203			10,228
					55,556			60,905
Creditors: Amounts falling due within one year					(125,263)			(152,829)
Net current liabilities					(69,707)			(91,924)
Total assets less current liabilities					50,294			34,077
Creditors: Amounts falling due after more than one year					-			(33,311)
Net assets					50,294			766
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					50,194			666
Shareholders' funds					50,294			766

For the year ending 30 April 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 26 February 2015 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Koru UK Ltd
(Registration number: 05422998)
Abbreviated Balance Sheet at 30 April 2014
......... continued

\s1\
.........................................
Mrs Emma Schofield
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Koru UK Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortised over 25 years

Asset class	Amortisation method and rate
Goodwill	Goodwill amortised over 25 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machineary	25% Straight Line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Koru UK Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 May 2013		150,000			14,941			164,941
At 30 April 2014		150,000			14,941			164,941
Depreciation
At 1 May 2013		24,000			14,940			38,940
Charge for the year		6,000			-			6,000
At 30 April 2014		30,000			14,940			44,940
Net book value
At 30 April 2014		120,000			1			120,001
At 30 April 2013		126,000			1			126,001

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 5