Company Registration No. 03463019 (England and Wales)
KRK Associates Limited
Unaudited accounts
for the year ended 31 December 2023
KRK Associates Limited
Unaudited accounts
Contents
KRK Associates Limited
Company Information
for the year ended 31 December 2023
Secretary
Mr Kim Robert Knowles
Company Number
03463019 (England and Wales)
Registered Office
Castle Farm House
Main Street
Rockingham, Market Harborough
LE16 8TG
KRK Associates Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
1
1
Creditors: amounts falling due within one year
(12,617)
(12,046)
Net current liabilities
(12,416)
(11,845)
Net liabilities
(12,410)
(11,838)
Called up share capital
2
2
Profit and loss account
(12,412)
(11,840)
Shareholders' funds
(12,410)
(11,838)
For the year ending 31 December 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 her 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 22 August 2024 and were signed on its behalf by
Mrs C E Knowles
Director
Company Registration No. 03463019
KRK Associates Limited
Notes to the Accounts
for the year ended 31 December 2023
KRK Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 03463019. The registered office is Castle Farm House, Main Street, Rockingham, Market Harborough, LE16 8TG.
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.
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:
Fixtures & fittings
15% reducing balance
Computer equipment
33% on cost
These financial statements have been prepared on the basis that the Company is a going concern and the director believe that this basis is correct because:
- in her opinion, the Company will achieve profitability in future periods.
- in her opinion, the Company's bank will continue to support the Company for the foreseeable future.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
137
888
1,025
At 31 December 2023
137
888
1,025
At 1 January 2023
130
888
1,018
At 31 December 2023
131
888
1,019
KRK Associates Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,606
1,606
Loans from directors
10,861
10,290
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).