Company Registration No. 06121935 (England and Wales)
Kryos Cooling Limited
Accounts
for the year ended 29 February 2024
Kryos Cooling Limited
Accounts
Contents
Kryos Cooling Limited
Company Information
for the year ended 29 February 2024
Company Number
06121935 (England and Wales)
Registered Office
Office G26, CT3 Building
Wigan Investment Centre, Waterside Drive
Wigan
WN3 5BA
Accountants
Tax50
Wigan Investment Centre
Waterside Drive
Wigan
WN3 5BA
Kryos Cooling Limited
Statement of financial position
as at 29 February 2024
Tangible assets
3,370
4,291
Cash at bank and in hand
26,845
39,783
Creditors: amounts falling due within one year
(23,482)
(44,115)
Net current assets/(liabilities)
3,363
(4,332)
Net assets/(liabilities)
6,733
(41)
Called up share capital
1
1
Profit and loss account
6,732
(42)
Shareholders' funds
6,733
(41)
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 1 November 2024 and were signed on its behalf by
Arfan Naseer
Director
Company Registration No. 06121935
Kryos Cooling Limited
Notes to the Accounts
for the year ended 29 February 2024
Kryos Cooling Limited is a private company, limited by shares, registered in England and Wales, registration number 06121935. The registered office is Office G26, CT3 Building, Wigan Investment Centre, Waterside Drive, Wigan, WN3 5BA.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible Fixed Assets & 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% Reducing Balance Basis
Motor vehicles
20% Reducing Balance Basis
The accounts have been prepared on a "Going Concern" basis, which assumes that the company will continue to trade normally for the foreseeable future.
Kryos Cooling Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
1,150
24,107
25,257
At 29 February 2024
1,150
24,107
25,257
At 1 March 2023
1,071
19,895
20,966
Charge for the year
79
842
921
At 29 February 2024
1,150
20,737
21,887
At 29 February 2024
-
3,370
3,370
At 28 February 2023
79
4,212
4,291
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
17,895
22,478
Taxes and social security
788
574
Other creditors
2,093
1,547
Loans from directors
-
14,900
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).