Company Registration No. SC537253 (Scotland)
KRAINA LTD
Unaudited accounts
for the year ended 30 June 2023
KRAINA LTD
Company Information
for the year ended 30 June 2023
Company Number
SC537253 (Scotland)
Registered Office
BERGEN CHAMBERS
68 CARDEN PLACE
ABERDEENSHIRE
AB10 1UL
UNITED KINGDOM
Accountants
Bergen Associates (Chartered Certified Accountants)
Bergen Chambers
68 Carden Place
West End
Aberdeen
AB10 1UL
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
KRAINA LTD
for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
KRAINA LTD for the year ended
30 June 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of KRAINA LTD, as a body, in accordance with the terms of our engagement letter dated 1 July 2016. Our work has been undertaken solely to prepare for your approval the accounts of KRAINA LTD and state those matters that we have agreed to state to the Board of Directors of KRAINA LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KRAINA LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KRAINA LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of KRAINA LTD. You consider that KRAINA LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of KRAINA LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bergen Associates (Chartered Certified Accountants)
Chartered Certified Accountants
Bergen Chambers
68 Carden Place
West End
Aberdeen
AB10 1UL
21 August 2023
KRAINA LTD
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
13,623
8,427
Creditors: amounts falling due within one year
(19,554)
(11,396)
Net current (liabilities)/assets
(5,505)
4,423
Total assets less current liabilities
(5,505)
4,423
Creditors: amounts falling due after more than one year
(20,031)
(25,023)
Net liabilities
(25,536)
(20,600)
Called up share capital
100
100
Profit and loss account
(25,636)
(20,700)
Shareholders' funds
(25,536)
(20,600)
For the year ending 30 June 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 21 August 2023 and were signed on its behalf by
Pawel Krajinski
Director
Company Registration No. SC537253
KRAINA LTD
Notes to the Accounts
for the year ended 30 June 2023
KRAINA LTD is a private company, limited by shares, registered in Scotland, registration number SC537253. The registered office is BERGEN CHAMBERS , 68 CARDEN PLACE, ABERDEENSHIRE, AB10 1UL, UNITED KINGDOM.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
KRAINA LTD
Notes to the Accounts
for the year ended 30 June 2023
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Accrued income and prepayments
426
426
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
139
8,574
Loans from directors
18,092
-
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).