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Company Registration No. 09455123 (England and Wales)
Kraken Consulting Limited Unaudited accounts for the year ended 29 February 2024
Kraken Consulting Limited Unaudited accounts Contents
Page
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Kraken Consulting Limited Company Information for the year ended 29 February 2024
Director
Mr Darren Scully
Company Number
09455123 (England and Wales)
Registered Office
8 Bunting Close Newton Abbot Devon TQ12 6BU
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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Kraken Consulting Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,487 
45,727 
Current assets
Debtors
87,549 
80,541 
Cash at bank and in hand
140,709 
146,427 
228,258 
226,968 
Creditors: amounts falling due within one year
(64,406)
(61,206)
Net current assets
163,852 
165,762 
Total assets less current liabilities
210,339 
211,489 
Creditors: amounts falling due after more than one year
(20,625)
(23,925)
Provisions for liabilities
Deferred tax
(8,833)
(8,688)
Net assets
180,881 
178,876 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
180,781 
178,776 
Shareholders' funds
180,881 
178,876 
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 director acknowledges his 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 19 October 2024 and were signed on its behalf by
Mr Darren Scully Director Company Registration No. 09455123
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Kraken Consulting Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Kraken Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 09455123. The registered office is 8 Bunting Close, Newton Abbot, Devon, TQ12 6BU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
25% Reducing Balance Basis
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
24,193 
36,990 
7,837 
17,369 
86,389 
Additions
13,401 
- 
- 
6,626 
20,027 
At 29 February 2024
37,594 
36,990 
7,837 
23,995 
106,416 
Depreciation
At 1 March 2023
6,048 
14,796 
7,709 
12,109 
40,662 
Charge for the year
7,887 
7,398 
43 
3,939 
19,267 
At 29 February 2024
13,935 
22,194 
7,752 
16,048 
59,929 
Net book value
At 29 February 2024
23,659 
14,796 
85 
7,947 
46,487 
At 28 February 2023
18,145 
22,194 
128 
5,260 
45,727 
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Kraken Consulting Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,782 
31,247 
Other debtors
42,767 
49,294 
87,549 
80,541 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,300 
3,300 
VAT
16,057 
10,897 
Trade creditors
435 
35,525 
Taxes and social security
8,851 
10,784 
Accruals
35,763 
700 
64,406 
61,206 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,625 
23,925 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Darren Scully
Loan to Director
38,336 
31,967 
38,336 
31,967 
38,336 
31,967 
38,336 
31,967 
The company made a loan of £31,967 (2023: £38,336) to the director. Interest of £799 (2023: £958) was charged on the loan at a rate of 2.5%. The loan is unsecured and repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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