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Company Registration No. 09455123 (England and Wales)
Kraken Consulting Limited Unaudited accounts for the year ended 28 February 2022
Kraken Consulting Limited Unaudited accounts Contents
Page
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Kraken Consulting Limited Company Information for the year ended 28 February 2022
Director
Mr Darren Scully
Company Number
09455123 (England and Wales)
Registered Office
8 Bunting Close Newton Abbot Devon TQ12 6BU
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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Kraken Consulting Limited Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,434 
6,069 
Current assets
Debtors
73,067 
62,041 
Cash at bank and in hand
94,673 
97,584 
167,740 
159,625 
Creditors: amounts falling due within one year
(26,222)
(28,321)
Net current assets
141,518 
131,304 
Total assets less current liabilities
176,952 
137,373 
Creditors: amounts falling due after more than one year
(27,225)
(30,525)
Provisions for liabilities
Deferred tax
(6,732)
- 
Net assets
142,995 
106,848 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
142,895 
106,748 
Shareholders' funds
142,995 
106,848 
For the year ending 28 February 2022 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2022 and were signed on its behalf by
Mr Darren Scully Director Company Registration No. 09455123
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Kraken Consulting Limited Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
Kraken Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 09455123. The registered office is 8 Bunting Close, Newton Abbot, Devon, TQ12 6BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2021
- 
7,623 
11,382 
19,005 
Additions
36,990 
214 
3,785 
40,989 
At 28 February 2022
36,990 
7,837 
15,167 
59,994 
Depreciation
At 1 March 2021
- 
6,693 
6,243 
12,936 
Charge for the year
7,398 
973 
3,253 
11,624 
At 28 February 2022
7,398 
7,666 
9,496 
24,560 
Net book value
At 28 February 2022
29,592 
171 
5,671 
35,434 
At 28 February 2021
- 
930 
5,139 
6,069 
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Kraken Consulting Limited Notes to the Accounts for the year ended 28 February 2022
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
29,695 
27,149 
Other debtors
43,372 
34,892 
73,067 
62,041 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
3,300 
2,475 
VAT
14,792 
8,427 
Trade creditors
1,331 
1,962 
Taxes and social security
6,149 
14,857 
Accruals
650 
600 
26,222 
28,321 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
27,225 
30,525 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Darren Scully
Loan to Director
34,892 
42,558 
34,892 
42,558 
34,892 
42,558 
34,892 
42,558 
The company made a loan of £42,558 (2021: £34,892) to the director. Interest of £876 (2021: £463) was charged on the loan at a rate of 2.5%. The loan is unsecured and repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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