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REGISTERED NUMBER: 03568551 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

KRISTON TECHNOLOGY LIMITED

KRISTON TECHNOLOGY LIMITED (REGISTERED NUMBER: 03568551)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KRISTON TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: A Ghagan





SECRETARY: C L K Ghagan





REGISTERED OFFICE: 2 Lodge Road Hanborough Business Park
Long Hanborough
Witney
Oxfordshire
OX29 8LH





REGISTERED NUMBER: 03568551 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

KRISTON TECHNOLOGY LIMITED (REGISTERED NUMBER: 03568551)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,222 78,578
86,222 78,578

CURRENT ASSETS
Stocks 9,433 3,912
Debtors 6 150,181 175,951
Cash at bank 232,527 249,033
392,141 428,896
CREDITORS
Amounts falling due within one year 7 116,802 166,515
NET CURRENT ASSETS 275,339 262,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,561

340,959

PROVISIONS FOR LIABILITIES 9 269,199 250,086
NET ASSETS 92,362 90,873

CAPITAL AND RESERVES
Called up share capital 10 1,358 1,562
Capital redemption reserve 1,247 1,043
Retained earnings 89,757 88,268
SHAREHOLDERS' FUNDS 92,362 90,873

KRISTON TECHNOLOGY LIMITED (REGISTERED NUMBER: 03568551)

BALANCE SHEET - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2024 and were signed by:





A Ghagan - Director


KRISTON TECHNOLOGY LIMITED (REGISTERED NUMBER: 03568551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Kriston Technology Limited 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.

2. ACCOUNTING POLICIES

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

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the sale of goods when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on the dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefit will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been amortised over 5 years, in accordance with the payment agreement between the parties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings - 15% on reducing balance
Computer Equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


KRISTON TECHNOLOGY LIMITED (REGISTERED NUMBER: 03568551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit as incurred.

Provisions
Provisions are recognised when the Company has a present obligation as a result of past events, if it is probable that an outflow of funds will be required to settle the obligation and a realisable estimate of the amount and obligation can be made.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 15 ) .

KRISTON TECHNOLOGY LIMITED (REGISTERED NUMBER: 03568551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 18,058
AMORTISATION
At 1 June 2023
and 31 May 2024 18,058
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures Computer
& Fittings Equipment Totals
£    £    £   
COST
At 1 June 2023 71,414 270,136 341,550
Additions - 64,678 64,678
Disposals (1,216 ) (22,640 ) (23,856 )
At 31 May 2024 70,198 312,174 382,372
DEPRECIATION
At 1 June 2023 49,888 213,084 262,972
Charge for year 3,073 51,654 54,727
Eliminated on disposal (896 ) (20,653 ) (21,549 )
At 31 May 2024 52,065 244,085 296,150
NET BOOK VALUE
At 31 May 2024 18,133 68,089 86,222
At 31 May 2023 21,526 57,052 78,578

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,310 163,906
Other debtors 12,808 10,982
Prepayments & accrued income 1,063 1,063
150,181 175,951

KRISTON TECHNOLOGY LIMITED (REGISTERED NUMBER: 03568551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 20,224 17,055
Other creditors 29,701 28,741
Directors current account 7,476 4,419
Accrued expenses 59,401 116,300
116,802 166,515

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 17,000 17,000
Between one and five years 68,000 68,000
In more than five years 7,083 24,083
92,083 109,083

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,309 14,610
Sales provision 250,890 235,476
269,199 250,086

Deferred Sales
tax Provision
£    £   
Balance at 1 June 2023 14,610 235,476
Provided during year 3,699 15,414
Balance at 31 May 2024 18,309 250,890

KRISTON TECHNOLOGY LIMITED (REGISTERED NUMBER: 03568551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. CALLED UP SHARE CAPITAL

Allotted Issued and fully paid:

Number Class Nominal 2024 2023
value: £ £
2,500 Ordinary £0.10 250 250
51 A Ordinary £0.10 5 209
10,000 B Ordinary £0.10 1,000 1,000
1,000 C Ordinary £0.10 100 100
25 D Ordinary £0.10 3 3
---------- ----------
1,358 1,562
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