Registered number
03840761
KRA Stratigraphic Limited
Unaudited Filleted Accounts
31 March 2018
KRA Stratigraphic Limited
Registered number: 03840761
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 29,389 31,493
Current assets
Debtors 3 - 400
Cash at bank and in hand 5,739 12,875
5,739 13,275
Creditors: amounts falling due within one year 4 (23,188) (26,568)
Net current liabilities (17,449) (13,293)
Total assets less current liabilities 11,940 18,200
Provisions for liabilities - (313)
Net assets 11,940 17,887
Capital and reserves
Called up share capital 2 2
Profit and loss account 11,938 17,885
Shareholders' funds 11,940 17,887
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Richards
Director
Approved by the board on 7 November 2018
KRA Stratigraphic Limited
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset over its expected useful life. The methods and applicable rates are:
Freehold buildings over 50 years
Plant and machinery 25% per annum of net book value
Deferred Taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2017 33,397 6,422 39,819
Additions - 660 660
Disposals - (7,082) (7,082)
At 31 March 2018 33,397 - 33,397
Depreciation
At 1 April 2017 3,340 4,986 8,326
Charge for the year 668 524 1,192
On disposals - (5,510) (5,510)
At 31 March 2018 4,008 - 4,008
Net book value
At 31 March 2018 29,389 - 29,389
At 31 March 2017 30,057 1,436 31,493
3 Debtors 2018 2017
£ £
Trade debtors - 400
4 Creditors: amounts falling due within one year 2018 2017
£ £
Taxation and social security costs 1,686 3,038
Other creditors 21,502 23,530
23,188 26,568
5 Related party transactions
K Richards provided the company with an interest free loan. The balance at the start of the year was £10,840 and at the end of the the year it was £10,637

F Richards provided the company with an interest free loan. The balance at the start of the year was £10,840 and at the end of the year it was £10,637.
6 Controlling party
The directors control the company with no individual director having overall control.
7 Other information
KRA Stratigraphic Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Bryn Ash
116 Albert Drive
Deganwy
Conwy
LL31 9YY
KRA Stratigraphic Limited 03840761 false 2017-04-01 2018-03-31 2018-03-31 VT Final Accounts July 2018 K Richards No description of principal activity 03840761 core:WithinOneYear 2017-03-31 03840761 core:ShareCapital 2017-03-31 03840761 core:RetainedEarningsAccumulatedLosses 2017-03-31 03840761 2017-04-01 2018-03-31 03840761 bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 03840761 bus:AuditExemptWithAccountantsReport 2017-04-01 2018-03-31 03840761 bus:Director40 2017-04-01 2018-03-31 03840761 core:LandBuildings 2017-04-01 2018-03-31 03840761 core:PlantMachinery 2017-04-01 2018-03-31 03840761 countries:England 2017-04-01 2018-03-31 03840761 bus:FRS102 2017-04-01 2018-03-31 03840761 bus:FullAccounts 2017-04-01 2018-03-31 03840761 2018-03-31 03840761 core:WithinOneYear 2018-03-31 03840761 core:ShareCapital 2018-03-31 03840761 core:RetainedEarningsAccumulatedLosses 2018-03-31 03840761 core:LandBuildings 2018-03-31 03840761 core:PlantMachinery 2018-03-31 03840761 2017-03-31 03840761 core:LandBuildings 2017-03-31 03840761 core:PlantMachinery 2017-03-31 iso4217:GBP