Company Registration No. 12463024 (England and Wales)
Kreftor Ltd
Unaudited accounts
for the year ended 29 February 2024
Kreftor Ltd
Unaudited accounts
Contents
Kreftor Ltd
Company Information
for the year ended 29 February 2024
Directors
Jordan Earl-Davies
Anthony Massey
Company Number
12463024 (England and Wales)
Registered Office
18 POLWITHEN ROAD
PENRYN
TR10 8QT
ENGLAND
Accountants
Zoe Simmons
Kernow House
17 Green Lane
Penryn
Cornwall
TR10 8QQ
Kreftor Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
5,632
17,440
Cash at bank and in hand
2,984
54,530
Creditors: amounts falling due within one year
(38,888)
(25,426)
Net current assets
5,365
78,301
Profit and loss account
10,997
95,741
Shareholders' funds
10,997
95,741
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Jordan Earl-Davies
Director
Company Registration No. 12463024
Kreftor Ltd
Notes to the Accounts
for the year ended 29 February 2024
Kreftor Ltd is a private company, limited by shares, registered in England and Wales, registration number 12463024. The registered office is 18 POLWITHEN ROAD, PENRYN, TR10 8QT, ENGLAND.
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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:
Plant & machinery
20% straight line
Motor vehicles
20% reducing balance
Computer equipment
50% straight line
The directors have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition the directors have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn
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Tangible fixed assets
Motor vehicles
At 29 February 2024
11,000
At 28 February 2023
17,440
Kreftor Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
41,269
69,837
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
36,738
15,168
Taxes and social security
5,551
3,545
Loans from directors
(10,002)
6,713
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Average number of employees
During the year the average number of employees was 2 (2023: 2).