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REGISTERED NUMBER: 07610288 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

KRYTECH LTD

KRYTECH LTD (REGISTERED NUMBER: 07610288)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KRYTECH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: A Wrench
C Wrench





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





REGISTERED NUMBER: 07610288 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

KRYTECH LTD (REGISTERED NUMBER: 07610288)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 107,689 58,894

CURRENT ASSETS
Debtors 6 243,862 166,404
Cash at bank 676 1,086
244,538 167,490
CREDITORS
Amounts falling due within one year 7 (210,585 ) (169,881 )
NET CURRENT ASSETS/(LIABILITIES) 33,953 (2,391 )
TOTAL ASSETS LESS CURRENT LIABILITIES 141,642 56,503

CREDITORS
Amounts falling due after more than one
year

8

(114,104

)

(55,553

)

PROVISIONS FOR LIABILITIES (22,042 ) -
NET ASSETS 5,496 950

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 5,494 948
SHAREHOLDERS' FUNDS 5,496 950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KRYTECH LTD (REGISTERED NUMBER: 07610288)

BALANCE SHEET - continued
30 JUNE 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





A Wrench - Director


KRYTECH LTD (REGISTERED NUMBER: 07610288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Krytech 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the provision of services and represents sales and marketing services along with management consultancy excluding value added tax. Turnover is calculated as that proportion of total contract value as a percentage of contact completion were the right to consideration has been earnt.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

KRYTECH LTD (REGISTERED NUMBER: 07610288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 135,283
Additions 115,259
Disposals (102,840 )
At 30 June 2023 147,702
DEPRECIATION
At 1 July 2022 76,389
Charge for year 11,616
Eliminated on disposal (47,992 )
At 30 June 2023 40,013
NET BOOK VALUE
At 30 June 2023 107,689
At 30 June 2022 58,894

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022 102,840
Additions 112,575
Disposals (102,840 )
At 30 June 2023 112,575
DEPRECIATION
At 1 July 2022 47,992
Charge for year 9,364
Eliminated on disposal (47,992 )
At 30 June 2023 9,364
NET BOOK VALUE
At 30 June 2023 103,211
At 30 June 2022 54,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 243,862 166,404

KRYTECH LTD (REGISTERED NUMBER: 07610288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,333 24,436
Hire purchase contracts 15,428 23,689
Taxation and social security 116,864 73,491
Other creditors 53,960 48,265
210,585 169,881

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,652 30,662
Hire purchase contracts 93,452 24,891
114,104 55,553

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 14,511 14,860
Bank loans 30,474 40,238
Hire purchase contracts 108,880 48,580
153,865 103,678

During the year under review a fixed and floating charge remained outstanding in favour of the company's bankers by way of a debenture over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

KRYTECH LTD (REGISTERED NUMBER: 07610288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
A Wrench and C Wrench
Balance outstanding at start of year 158,750 92,365
Amounts advanced 243,863 236,385
Amounts repaid (158,750 ) (170,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 243,863 158,750

12. RELATED PARTY DISCLOSURES

During the year under review the company advanced the directors £338,718 (2022: £236,385). The balance outstanding at the balance sheet date is £243,863 (2022:£158,750). This balance includes interest charged to the financial statements at the HMRC beneficial loan rate of 2%,amounting to £4,291 (2022:£8,018).