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REGISTERED NUMBER: 13055561 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KRAI LIMITED

KRAI LIMITED (REGISTERED NUMBER: 13055561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KRAI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A Lokhmotov





REGISTERED OFFICE: 8 Huntsman Road
Trumpington
CAMBRIDGE
Cambridgeshire
CB2 9BJ





REGISTERED NUMBER: 13055561 (England and Wales)





ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH

KRAI LIMITED (REGISTERED NUMBER: 13055561)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,853 20,481

CURRENT ASSETS
Debtors 5 325,014 211,313
Cash at bank 1,376 208,660
326,390 419,973
CREDITORS
Amounts falling due within one year 6 159,274 43,727
NET CURRENT ASSETS 167,116 376,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,969

396,727

PROVISIONS FOR LIABILITIES 7 2,963 3,892
NET ASSETS 176,006 392,835

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 175,996 392,825
SHAREHOLDERS' FUNDS 176,006 392,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KRAI LIMITED (REGISTERED NUMBER: 13055561)

BALANCE SHEET - continued
31 DECEMBER 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 & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2024 and were signed by:





A Lokhmotov - Director


KRAI LIMITED (REGISTERED NUMBER: 13055561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Krai 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.

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


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Computer equipment - 33% on cost

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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

KRAI LIMITED (REGISTERED NUMBER: 13055561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 2,225 31,579 33,804
Additions - 3,352 3,352
At 31 December 2023 2,225 34,931 37,156
DEPRECIATION
At 1 January 2023 1,422 11,901 13,323
Charge for year 741 11,239 11,980
At 31 December 2023 2,163 23,140 25,303
NET BOOK VALUE
At 31 December 2023 62 11,791 11,853
At 31 December 2022 803 19,678 20,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 162,868 144,621
Other debtors 10,153 2,739
Tax 149,382 60,740
VAT 2,611 3,213
325,014 211,313

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 39,689 1,047
Social security and other taxes 46,010 17,292
Other creditors 34,815 2,537
Directors' loan accounts 15,556 -
Accruals and deferred income 23,204 22,851
159,274 43,727

KRAI LIMITED (REGISTERED NUMBER: 13055561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,963 3,892

Deferred
tax
£   
Balance at 1 January 2023 3,892
Provided during year (929 )
Balance at 31 December 2023 2,963

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000,000 Ordinary 0.001 p 10 10

9. RELATED PARTY DISCLOSURES

There were no material transactions with related parties that were not concluded under normal market conditions.