FK DOMESTICS LTD

2022-01-012022-12-312022-12-31false04899729FK DOMESTICS LTD2023-09-2882990iso4217:GBPxbrli:pure048997292022-01-01048997292022-12-31048997292022-01-012022-12-31048997292021-04-01048997292021-12-31048997292021-04-012021-12-3104899729bus:SmallEntities2022-01-012022-12-3104899729bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3104899729bus:FullAccounts2022-01-012022-12-3104899729bus:PrivateLimitedCompanyLtd2022-01-012022-12-3104899729core:WithinOneYear2022-12-3104899729core:AfterOneYear2022-12-3104899729core:WithinOneYear2021-12-3104899729core:AfterOneYear2021-12-3104899729core:ShareCapital2022-12-3104899729core:SharePremium2022-12-3104899729core:RevaluationReserve2022-12-3104899729core:OtherReservesSubtotal2022-12-3104899729core:RetainedEarningsAccumulatedLosses2022-12-3104899729core:ShareCapital2021-12-3104899729core:SharePremium2021-12-3104899729core:RevaluationReserve2021-12-3104899729core:OtherReservesSubtotal2021-12-3104899729core:RetainedEarningsAccumulatedLosses2021-12-3104899729core:LandBuildings2022-12-3104899729core:PlantMachinery2022-12-3104899729core:Vehicles2022-12-3104899729core:FurnitureFittings2022-12-3104899729core:OfficeEquipment2022-12-3104899729core:NetGoodwill2022-12-3104899729core:IntangibleAssetsOtherThanGoodwill2022-12-3104899729core:ListedExchangeTraded2022-12-3104899729core:UnlistedNon-exchangeTraded2022-12-3104899729core:LandBuildings2021-12-3104899729core:PlantMachinery2021-12-3104899729core:Vehicles2021-12-3104899729core:FurnitureFittings2021-12-3104899729core:OfficeEquipment2021-12-3104899729core:NetGoodwill2021-12-3104899729core:IntangibleAssetsOtherThanGoodwill2021-12-3104899729core:ListedExchangeTraded2021-12-3104899729core:UnlistedNon-exchangeTraded2021-12-3104899729core:LandBuildings2022-01-012022-12-3104899729core:PlantMachinery2022-01-012022-12-3104899729core:Vehicles2022-01-012022-12-3104899729core:FurnitureFittings2022-01-012022-12-3104899729core:OfficeEquipment2022-01-012022-12-3104899729core:NetGoodwill2022-01-012022-12-3104899729core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104899729core:ListedExchangeTraded2022-01-012022-12-3104899729core:UnlistedNon-exchangeTraded2022-01-012022-12-3104899729core:MoreThanFiveYears2022-01-012022-12-3104899729core:Non-currentFinancialInstruments2022-12-3104899729core:Non-currentFinancialInstruments2021-12-3104899729dpl:CostSales2022-01-012022-12-3104899729dpl:DistributionCosts2022-01-012022-12-3104899729dpl:AdministrativeExpenses2022-01-012022-12-3104899729core:LandBuildings2022-01-012022-12-3104899729core:PlantMachinery2022-01-012022-12-3104899729core:Vehicles2022-01-012022-12-3104899729core:FurnitureFittings2022-01-012022-12-3104899729core:OfficeEquipment2022-01-012022-12-3104899729core:NetGoodwill2022-01-012022-12-3104899729core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104899729dpl:GroupUndertakings2022-01-012022-12-3104899729dpl:ParticipatingInterests2022-01-012022-12-3104899729dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3104899729core:ListedExchangeTraded2022-01-012022-12-3104899729dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3104899729core:UnlistedNon-exchangeTraded2022-01-012022-12-3104899729dpl:CostSales2021-04-012021-12-3104899729dpl:DistributionCosts2021-04-012021-12-3104899729dpl:AdministrativeExpenses2021-04-012021-12-3104899729core:LandBuildings2021-04-012021-12-3104899729core:PlantMachinery2021-04-012021-12-3104899729core:Vehicles2021-04-012021-12-3104899729core:FurnitureFittings2021-04-012021-12-3104899729core:OfficeEquipment2021-04-012021-12-3104899729core:NetGoodwill2021-04-012021-12-3104899729core:IntangibleAssetsOtherThanGoodwill2021-04-012021-12-3104899729dpl:GroupUndertakings2021-04-012021-12-3104899729dpl:ParticipatingInterests2021-04-012021-12-3104899729dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012021-12-3104899729core:ListedExchangeTraded2021-04-012021-12-3104899729dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012021-12-3104899729core:UnlistedNon-exchangeTraded2021-04-012021-12-3104899729core:NetGoodwill2022-12-3104899729core:IntangibleAssetsOtherThanGoodwill2022-12-3104899729core:LandBuildings2022-12-3104899729core:PlantMachinery2022-12-3104899729core:Vehicles2022-12-3104899729core:FurnitureFittings2022-12-3104899729core:OfficeEquipment2022-12-3104899729core:AfterOneYear2022-12-3104899729core:WithinOneYear2022-12-3104899729core:ListedExchangeTraded2022-12-3104899729core:UnlistedNon-exchangeTraded2022-12-3104899729core:ShareCapital2022-12-3104899729core:SharePremium2022-12-3104899729core:RevaluationReserve2022-12-3104899729core:OtherReservesSubtotal2022-12-3104899729core:RetainedEarningsAccumulatedLosses2022-12-3104899729core:NetGoodwill2021-12-3104899729core:IntangibleAssetsOtherThanGoodwill2021-12-3104899729core:LandBuildings2021-12-3104899729core:PlantMachinery2021-12-3104899729core:Vehicles2021-12-3104899729core:FurnitureFittings2021-12-3104899729core:OfficeEquipment2021-12-3104899729core:AfterOneYear2021-12-3104899729core:WithinOneYear2021-12-3104899729core:ListedExc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FK DOMESTICS LTD

Registered Number
04899729
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

FK DOMESTICS LTD

Company Information
for the year from 1 January 2022 to 31 December 2022


Director	TSOCHEVA, Antoaneta Tsochova


Registered Address	196 Lancaster Road
	Enfield
	EN2 0JH


Registered Number	04899729 (England and Wales)

FK DOMESTICS LTD

Balance Sheet as at
31 December 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		2,642		3,523
			2,642		3,523
Current assets
Debtors	7	269,841		255,513
Cash at bank and on hand		10,899		6,789
		280,740		262,302
Creditors amounts falling due within one year	8	(16,012)		(18,436)
Net current assets (liabilities)			264,728		243,866
Total assets less current liabilities			267,370		247,389
Creditors amounts falling due after one year	9		(26,131)		(32,958)
Provisions for liabilities	10		(502)		(670)
Net assets			240,737		213,761
Capital and reserves
Called up share capital			1		1
Profit and loss account			240,736		213,760
Shareholders' funds			240,737		213,761

The company was entitled to exemption from audit for this reporting period 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 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. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 28 September 2023, and are signed on its behalf by:

TSOCHEVA, Antoaneta Tsochova
Director
Registered Company No. 04899729

FK DOMESTICS LTD

Notes to the Financial Statements
for the year ended 31 December 2022

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

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Office Equipment	25

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2022		2021
	Average number of employees during the year	1		1

5.	Property, plant and equipment

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 22	6,170	16,806	22,572	45,548
At 31 December 22	6,170	16,806	22,572	45,548
Depreciation and impairment
At 01 January 22	5,959	14,615	21,451	42,025
Charge for year	52	549	280	881
At 31 December 22	6,011	15,164	21,731	42,906
Net book value
At 31 December 22	159	1,642	841	2,642
At 31 December 21	211	2,191	1,121	3,523

6.	Directors advances, credits and guarantees
	At the year-end directors current account balance is £6,974. (2022: £3,265)

7.	Debtors

	2022	2021
	£	£
Other debtors	269,729	255,513
Prepayments and accrued income	112	-
Total	269,841	255,513


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2022	2021
	£	£
Taxation and social security	6,496	3,835
Other creditors	9,300	12,186
Accrued liabilities and deferred income	216	2,415
Total	16,012	18,436


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	26,131	32,958
Total	26,131	32,958

10.	Provisions for liabilities

	2022	2021
	£	£
Net deferred tax liability (asset)	502	670
Total	502	670