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REGISTERED NUMBER: 08321394 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Kronowerx Ltd

Kronowerx Ltd (Registered number: 08321394)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kronowerx Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTOR: M Barker





REGISTERED OFFICE: Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ





REGISTERED NUMBER: 08321394 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Kronowerx Ltd (Registered number: 08321394)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,356 2,356

CURRENT ASSETS
Debtors 5 2,534 2,534
Cash at bank 4 4
2,538 2,538
CREDITORS
Amounts falling due within one year 6 49,698 49,392
NET CURRENT LIABILITIES (47,160 ) (46,854 )
TOTAL ASSETS LESS CURRENT LIABILITIES (44,804 ) (44,498 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (44,806 ) (44,500 )
SHAREHOLDERS' FUNDS (44,804 ) (44,498 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:





M Barker - Director


Kronowerx Ltd (Registered number: 08321394)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Kronowerx 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 50% on cost and 25% on reducing balance
Computer equipment - 50% on cost and 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
At 31 December 2021 the company's net liabilities exceeded its assets by £47,160 (2020: £46,854).

Included within liabilities are creditors due to M Barker and JGC Barker, directors of the company, totalling £49,476 (2020: £49,188), the directors have agreed that this funding will not be removed in the near future and also that they will continue to financially support the company's cash flow as necessary.

On the basis described above, the directors consider it appropriate to prepare these financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

Kronowerx Ltd (Registered number: 08321394)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 2,411 54,164 56,575
DEPRECIATION
At 1 January 2021
and 31 December 2021 1,610 52,609 54,219
NET BOOK VALUE
At 31 December 2021 801 1,555 2,356
At 31 December 2020 801 1,555 2,356

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 2,534 2,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other creditors 49,698 49,392

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
2 Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

M J Barker and Mrs J G C Barker control the company by way of owning 100% of the issued share capital.