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Company Registration No. 09455123 (England and Wales)
Kraken Consulting Limited Unaudited accounts for the year ended 28 February 2023
Kraken Consulting Limited Unaudited accounts Contents
Page
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Kraken Consulting Limited Company Information for the year ended 28 February 2023
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 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
45,727 
35,434 
Current assets
Debtors
80,541 
73,067 
Cash at bank and in hand
146,427 
94,673 
226,968 
167,740 
Creditors: amounts falling due within one year
(61,207)
(26,222)
Net current assets
165,761 
141,518 
Total assets less current liabilities
211,488 
176,952 
Creditors: amounts falling due after more than one year
(23,925)
(27,225)
Provisions for liabilities
Deferred tax
(8,688)
(6,732)
Net assets
178,875 
142,995 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
178,775 
142,895 
Shareholders' funds
178,875 
142,995 
For the year ending 28 February 2023 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 12 October 2023 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 2023
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:
Plant & machinery
25% Reducing Balance Basis
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
- 
36,990 
7,837 
15,167 
59,994 
Additions
24,193 
- 
- 
2,202 
26,395 
At 28 February 2023
24,193 
36,990 
7,837 
17,369 
86,389 
Depreciation
At 1 March 2022
- 
7,398 
7,666 
9,496 
24,560 
Charge for the year
6,048 
7,398 
43 
2,613 
16,102 
At 28 February 2023
6,048 
14,796 
7,709 
12,109 
40,662 
Net book value
At 28 February 2023
18,145 
22,194 
128 
5,260 
45,727 
At 28 February 2022
- 
29,592 
171 
5,671 
35,434 
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Kraken Consulting Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,247 
29,695 
Other debtors
49,294 
43,372 
80,541 
73,067 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,300 
3,300 
VAT
10,897 
14,792 
Trade creditors
35,525 
1,331 
Taxes and social security
10,785 
6,149 
Accruals
700 
650 
61,207 
26,222 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,925 
27,225 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Darren Scully
Loan to Director
32,558 
- 
32,558 
- 
Loan to Director
- 
38,336 
- 
38,336 
32,558 
38,336 
32,558 
38,336 
The company made a loan of £38,336 (2022: £32,558) to the director. Interest of £958 (2022: £814) 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 (2022: 1).
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