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
Kraken Consulting Limited
Company Information
for the year ended 29 February 2024
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
Kraken Consulting Limited
Statement of financial position
as at 29 February 2024
Tangible assets
46,487
45,727
Cash at bank and in hand
140,709
146,427
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
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
Kraken Consulting Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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
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
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
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
Kraken Consulting Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
44,782
31,247
Other debtors
42,767
49,294
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,300
3,300
Trade creditors
435
35,525
Taxes and social security
8,851
10,784
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).