KRUSADE LTD 11078282 false 2022-12-01 2024-01-31 2024-01-31 The principal activity of the company is that of providing consultancy in the field of information technology. The company ceased trading on 31 January 2024. Digita Accounts Production Advanced 6.30.9574.0 true 11078282 2022-12-01 2024-01-31 11078282 2024-01-31 11078282 bus:OrdinaryShareClass1 bus:OtherShareType 2024-01-31 11078282 core:RetainedEarningsAccumulatedLosses 2024-01-31 11078282 core:ShareCapital 2024-01-31 11078282 core:CurrentFinancialInstruments 2024-01-31 11078282 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11078282 bus:SmallEntities 2022-12-01 2024-01-31 11078282 bus:AuditExemptWithAccountantsReport 2022-12-01 2024-01-31 11078282 bus:FullAccounts 2022-12-01 2024-01-31 11078282 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2024-01-31 11078282 bus:RegisteredOffice 2022-12-01 2024-01-31 11078282 bus:Director1 2022-12-01 2024-01-31 11078282 bus:Director2 2022-12-01 2024-01-31 11078282 bus:Director4 2022-12-01 2024-01-31 11078282 bus:OrdinaryShareClass1 bus:OtherShareType 2022-12-01 2024-01-31 11078282 bus:PrivateLimitedCompanyLtd 2022-12-01 2024-01-31 11078282 core:RetainedEarningsAccumulatedLosses 2022-12-01 2024-01-31 11078282 core:ShareCapital 2022-12-01 2024-01-31 11078282 countries:England 2022-12-01 2024-01-31 11078282 2022-11-30 11078282 core:RetainedEarningsAccumulatedLosses 2022-11-30 11078282 core:ShareCapital 2022-11-30 11078282 2021-12-01 2022-11-30 11078282 2022-11-30 11078282 bus:OrdinaryShareClass1 bus:OtherShareType 2022-11-30 11078282 core:RetainedEarningsAccumulatedLosses 2022-11-30 11078282 core:ShareCapital 2022-11-30 11078282 core:CurrentFinancialInstruments 2022-11-30 11078282 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 11078282 core:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 11078282 core:ShareCapital 2021-12-01 2022-11-30 11078282 2021-11-30 11078282 core:RetainedEarningsAccumulatedLosses 2021-11-30 11078282 core:ShareCapital 2021-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11078282

KRUSADE LTD

Annual Report and Unaudited Financial Statements

for the Period from 1 December 2022 to 31 January 2024

 

KRUSADE LTD

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

 

KRUSADE LTD

Company Information

Directors

Mr Pergianni Ferraris

Ms Andreea Marinela Caltan

Ms Andreea Ecaterina Mocanu

Registered office

3 The Shrubberies
George Lane
London
E18 1BD

Accountants

ACCOUNTING 2 TREND LTD
3 The Shrubberies
George Lane
London
E18 1BD

 

KRUSADE LTD

Directors' Report for the Period from 1 December 2022 to 31 January 2024

The directors present their report and the financial statements for the period from 1 December 2022 to 31 January 2024.

Directors of the company

The directors who held office during the period were as follows:

Mr Pergianni Ferraris

Ms Andreea Marinela Caltan

Ms Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of providing consultancy in the field of information technology. The company ceased trading on 31 January 2024.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 February 2024 and signed on its behalf by:
 

.........................................
Ms Andreea Ecaterina Mocanu
Director

 

KRUSADE LTD

Profit and Loss Account for the Period from 1 December 2022 to 31 January 2024

Note

2024
£

2022
£

Turnover

 

2,321,052

4,796,949

Cost of sales

 

(1,961,897)

(4,125,235)

Gross profit

 

359,155

671,714

Administrative expenses

 

(210,473)

(20,174)

Operating profit

 

148,682

651,540

Other interest receivable and similar income

 

2,026

458

Interest payable and similar expenses

 

(268)

-

   

1,758

458

Profit before tax

150,440

651,998

Tax on profit

 

(35,052)

(123,880)

Profit for the financial period

 

115,388

528,118

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

KRUSADE LTD

Statement of Comprehensive Income for the Period from 1 December 2022 to 31 January 2024

2024
£

2022
£

Profit for the period

115,388

528,118

Total comprehensive income for the period

115,388

528,118

 

KRUSADE LTD

(Registration number: 11078282)
Balance Sheet as at 31 January 2024

Note

2024
£

2022
£

Current assets

 

Debtors

4

3,261

204,422

Cash at bank and in hand

 

85,539

964,960

 

88,800

1,169,382

Creditors: Amounts falling due within one year

5

(35,052)

(402,042)

Net assets

 

53,748

767,340

Capital and reserves

 

Called up share capital

6

20,000

20,000

Retained earnings

33,748

747,340

Shareholders' funds

 

53,748

767,340

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 February 2024 and signed on its behalf by:
 

.........................................
Ms Andreea Ecaterina Mocanu
Director

 

KRUSADE LTD

Statement of Changes in Equity for the Period from 1 December 2022 to 31 January 2024

Share capital
£

Retained earnings
£

Total
£

At 1 December 2022

20,000

747,340

767,340

Profit for the period

-

115,388

115,388

Dividends

-

(828,980)

(828,980)

At 31 January 2024

20,000

33,748

53,748

Share capital
£

Retained earnings
£

Total
£

At 1 December 2021

20,000

219,222

239,222

Profit for the period

-

528,118

528,118

At 30 November 2022

20,000

747,340

767,340

 

KRUSADE LTD

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the Board on 28 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

KRUSADE LTD

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 1).

4

Debtors

 

KRUSADE LTD

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 January 2024

2024
£

2022
£

Trade debtors

-

160,351

Prepayments

3,261

250

Other debtors

-

43,821

3,261

204,422

5

Creditors

Creditors: amounts falling due within one year

2024
£

2022
£

Due within one year

Trade creditors

-

262,923

Taxation and social security

35,052

139,119

35,052

402,042

6

Share capital

Allotted, called up and fully paid shares

 

2024

2022

 

No.

£

No.

£

Ordinary shares of £1 each

20,000

20,000

20,000

20,000

         

7

Dividends

   

2024

 

2022

   

£

 

£

Final dividend of £828,980.00 (2022 - £Nil)

 

828,980

 

-

Interim dividend of £Nil (2022 - £Nil) per ordinary share

 

-

 

-

   

828,980

 

-