Acorah Software Products - Accounts Production 16.1.300 false true 29 April 2023 30 April 2022 false 30 April 2023 29 April 2024 29 April 2024 08991701 Mr Kristan Paul iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08991701 2023-04-29 08991701 2024-04-29 08991701 2023-04-30 2024-04-29 08991701 frs-core:CurrentFinancialInstruments 2024-04-29 08991701 frs-core:ComputerEquipment 2024-04-29 08991701 frs-core:ComputerEquipment 2023-04-30 2024-04-29 08991701 frs-core:ComputerEquipment 2023-04-29 08991701 frs-core:FurnitureFittings 2024-04-29 08991701 frs-core:FurnitureFittings 2023-04-30 2024-04-29 08991701 frs-core:FurnitureFittings 2023-04-29 08991701 frs-core:PlantMachinery 2024-04-29 08991701 frs-core:PlantMachinery 2023-04-30 2024-04-29 08991701 frs-core:PlantMachinery 2023-04-29 08991701 frs-core:ShareCapital 2024-04-29 08991701 frs-core:RetainedEarningsAccumulatedLosses 2024-04-29 08991701 frs-bus:PrivateLimitedCompanyLtd 2023-04-30 2024-04-29 08991701 frs-bus:FilletedAccounts 2023-04-30 2024-04-29 08991701 frs-bus:SmallEntities 2023-04-30 2024-04-29 08991701 frs-bus:AuditExempt-NoAccountantsReport 2023-04-30 2024-04-29 08991701 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-30 2024-04-29 08991701 frs-bus:Director1 2023-04-30 2024-04-29 08991701 frs-countries:EnglandWales 2023-04-30 2024-04-29 08991701 2022-04-29 08991701 2023-04-29 08991701 2022-04-30 2023-04-29 08991701 frs-core:CurrentFinancialInstruments 2023-04-29 08991701 frs-core:ShareCapital 2023-04-29 08991701 frs-core:RetainedEarningsAccumulatedLosses 2023-04-29
Registered number: 08991701
Krypton FX Ltd
Financial Statements
For The Year Ended 29 April 2024
Friern Accountancy Ltd
92 Friern Gardens
Wickford
Essex
SS12 0HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08991701
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,279 11,839
19,279 11,839
CURRENT ASSETS
Debtors 5 10,247 9,086
Cash at bank and in hand 122,366 102,837
132,613 111,923
Creditors: Amounts Falling Due Within One Year 6 (55,508 ) (54,569 )
NET CURRENT ASSETS (LIABILITIES) 77,105 57,354
TOTAL ASSETS LESS CURRENT LIABILITIES 96,384 69,193
NET ASSETS 96,384 69,193
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 96,383 69,192
SHAREHOLDERS' FUNDS 96,384 69,193
Page 1
Page 2
For the year ending 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kristan Paul
Director
23/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Krypton FX Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08991701 . The registered office is Ruest, Mill Lane, Ramsden Heath, Essex, CM11 1LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 30 April 2023 20,857 1,902 16,207 38,966
Additions 11,787 - 2,078 13,865
As at 29 April 2024 32,644 1,902 18,285 52,831
Depreciation
As at 30 April 2023 14,948 1,517 10,662 27,127
Provided during the period 4,424 96 1,905 6,425
As at 29 April 2024 19,372 1,613 12,567 33,552
Net Book Value
As at 29 April 2024 13,272 289 5,718 19,279
As at 30 April 2023 5,909 385 5,545 11,839
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,247 9,086
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,266 262
Other loans (215 ) -
Corporation tax - 6,214
Other taxes and social security 2 2
VAT 6,486 10,702
Accruals and deferred income 625 625
Director's loan account 47,344 36,764
55,508 54,569
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4