NewKoz Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08292042 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

NEWKOZ LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTOR:

D Koziol

REGISTERED OFFICE:

27 Bolley Avenue

Bordon

Hampshire

GU35 9HQ

REGISTERED NUMBER:

08292042 (England and Wales)

ACCOUNTANTS:

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

FIXED ASSETS

Intangible assets

4

88,500

105,000

Tangible assets

5

623

935

89,123

105,935

CURRENT ASSETS

Debtors

6

4,208

5,977

CREDITORS

Amounts falling due within one year

7

168,473

177,718

NET CURRENT LIABILITIES

(164,265

)

(171,741

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(75,142

)

(65,806

)

CREDITORS

Amounts falling due after more than one year

8

29,897

24,500

NET LIABILITIES

(105,039

)

(90,306

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(105,139

)

(90,406

)

SHAREHOLDERS' FUNDS

(105,039

)

(90,306

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2020 and were signed by:

D Koziol - Director

1.	STATUTORY INFORMATION

NewKoz Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The financial statements have been drawn up on a going concern basis which assumes adequate finance will continue to be made available and accordingly do not take account of adjustments, if any, which may be necessary if the company is unable to continue as a concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

£

COST

At 1 December 2018

and 30 November 2019

165,000

AMORTISATION

At 1 December 2018

60,000

Amortisation for year

16,500

At 30 November 2019

76,500

NET BOOK VALUE

At 30 November 2019

88,500

At 30 November 2018

105,000

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2018

and 30 November 2019

1,970

DEPRECIATION

At 1 December 2018

1,035

Charge for year

312

At 30 November 2019

1,347

NET BOOK VALUE

At 30 November 2019

623

At 30 November 2018

935

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

4,208

5,977

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

22,670

18,691

Trade creditors

1,411

1,285

Social security and other taxes

295

161

VAT

2,789

3,436

Other creditors

43,143

53,143

Directors' loan account

97,152

100,139

Accrued expenses

1,013

863

168,473

177,718

Other creditors of £43,143 (2018: £53,143) include a small credit balance of £203 (2018: £203) and the balance of £40,940 (2018: £52,940) payable in respect of the purchase of CC Business Support Limited. Also, included in this is a loan from The Alternative Board of £2,000.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans - due greater than

1 year

29,897

24,500

29,897

24,500

The Company secured a bank loan of £53,000 from HSBC PLC on 19 January 2016, based on the following security held:-

- Debenture including Fixed Equitable Charge over all present and future freehold and leasehold property, First Fixed Charge over, among other things, book and other debts, chattels, goodwill and uncalled capital, both present and future, and First Floating Charge over all assets and undertaking both present and future of Newkoz Limited.

- Mortgage of Life Policy in favour of Newkoz Limited in relation to Damien Pawel Koziol with policy number 1921-80W-DYF issued by Zurich International Life of a sum and on terms acceptable to the bank.

- Guarantee given by Damien Pawel Koziel to secure all liabilities of Newkoz to £60,000 and supported by a Second Legal Mortgage over the freehold property of Damien Pawel Koziol and Catherine Joan Koziel known as 7 Lapwing Way, Four Marks, Alton.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 December 2018

(90,406

)

Deficit for the year

(14,733

)

At 30 November 2019

(105,139

)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NewKoz Ltd for the year ended 30 November 2019 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of NewKoz Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NewKoz Ltd and state those matters that we have agreed to state to the director of NewKoz Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that NewKoz Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of NewKoz Ltd. You consider that NewKoz 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 financial statements of NewKoz 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 financial statements.

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

29 October 2020