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
Kraken Consulting Limited
Company Information
for the year ended 28 February 2022
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
Kraken Consulting Limited
Statement of financial position
as at 28 February 2022
Tangible assets
35,434
6,069
Cash at bank and in hand
94,673
97,584
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
Net assets
142,995
106,848
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
Kraken Consulting Limited
Notes to the Accounts
for the year ended 28 February 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 28 February 2022
29,592
171
5,671
35,434
At 28 February 2021
-
930
5,139
6,069
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
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
3,300
2,475
Trade creditors
1,331
1,962
Taxes and social security
6,149
14,857
7
Creditors: amounts falling due after more than one year
2022
2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).