Kootoo Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07593069 (England and Wales)

Kootoo Ltd

Unaudited Financial Statements for the Year Ended 31 March 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Hamilton

REGISTERED OFFICE:

18-22 High Street

East Grinstead

West Sussex

RH19 3AS

REGISTERED NUMBER:

07593069 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

17,631

19,217

Tangible assets

5

-

-

17,631

19,217

CURRENT ASSETS

Debtors

6

6,255

1,819

Cash at bank

103,338

136,297

109,593

138,116

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

51,833

101,558

NET CURRENT ASSETS

57,760

36,558

TOTAL ASSETS LESS CURRENT LIABILITIES

75,391

55,775

PROVISIONS FOR LIABILITIES

3,350

3,651

NET ASSETS

72,041

52,124

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

72,040

52,123

SHAREHOLDERS' FUNDS

72,041

52,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2022 and were signed by:

Mr S Hamilton - Director

1.	STATUTORY INFORMATION

Kootoo 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Website is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 director has assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. This assessment has been required in the light of the significant uncertainty around the short to medium term impact of the spread of the Covid-19 virus. At the time of approving the financial statements the director believes that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months and thus concludes that the going concern basis remains appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2021

and 31 March 2022

31,722

AMORTISATION

At 1 April 2021

12,505

Charge for year

1,586

At 31 March 2022

14,091

NET BOOK VALUE

At 31 March 2022

17,631

At 31 March 2021

19,217

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2021

and 31 March 2022

572

DEPRECIATION

At 1 April 2021

and 31 March 2022

572

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

974

Other debtors

6,255

845

6,255

1,819

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

38,995

91,076

Taxation and social security

9,028

8,757

Other creditors

3,810

1,725

51,833

101,558

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary shares

£1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company received amounts from the director totalling £2,000 (2021: £nil). At the balance sheet date the company owed the director £2,000 (2021: £nil). This loan is unsecured, interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year the company paid dividends to its director totalling £2,000 (2021: £2,000).