1 May 2023 true No description of principal activity Taxfiler 2024.6 10131238business:PrivateLimitedCompanyLtd2023-05-012024-04-30 101312382023-04-30 10131238business:EntityNoLongerTradingButTradedInPast2023-05-012024-04-30 101312382023-05-012024-04-30 10131238business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 10131238business:AbridgedAccounts2023-05-012024-04-30 101312382024-04-30 10131238business:Director12023-05-012024-04-30 10131238business:RegisteredOffice2023-05-012024-04-30 101312382023-04-30 10131238core:WithinOneYear2024-04-30 10131238core:WithinOneYear2023-04-30 10131238core:SharePremiumcore:PreviouslyStatedAmount2024-04-30 10131238core:SharePremiumcore:PreviouslyStatedAmount2023-04-30 10131238core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 10131238core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 10131238core:PreviouslyStatedAmount2024-04-30 10131238core:PreviouslyStatedAmount2023-04-30 10131238business:SmallEntities2023-05-012024-04-30 10131238countries:EnglandWales2023-05-012024-04-30 10131238core:PlantMachinery2023-05-012024-04-30 10131238core:FurnitureFittings2023-05-012024-04-30 10131238core:ComputerEquipment2023-05-012024-04-30 101312382022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 10131238 (England and Wales)
Kraken Corals Limited Unaudited accounts for the year ended 30 April 2024
Kraken Corals Limited Unaudited accounts Contents
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Kraken Corals Limited Company Information for the year ended 30 April 2024
Director
Mr Dominic Knight
Company Number
10131238 (England and Wales)
Registered Office
14 Smithy Croft Road Gargrave Skipton North Yorkshire BD23 3SL England
Accountants
Smith Allen Chartered Accountants 128 Longwood Gate Longwood Huddersfield West Yorkshire HD3 4US
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Kraken Corals Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
186,725 
202,713 
Creditors: amounts falling due within one year
- 
(15,988)
Net current assets
186,725 
186,725 
Net assets
186,725 
186,725 
Capital and reserves
Share premium
100 
100 
Profit and loss account
186,625 
186,625 
Shareholders' funds
186,725 
186,725 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 31 January 2025 and were signed on its behalf by
Mr Dominic Knight Director Company Registration No. 10131238
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Kraken Corals Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Kraken Corals Limited is a private company, limited by shares, registered in England and Wales, registration number 10131238. The registered office is 14 Smithy Croft Road, Gargrave, Skipton, North Yorkshire, BD23 3SL, England. The company is in the process of being wound up.
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 and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover consists solely revenue from the sale of goods, and is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
10% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
10% Straight Line
Stocks
Stocks held for resale have been valued at the lower of cost and estimated selling price less costs to complete and sale.
4
Average number of employees
During the year the average number of employees was 0 (2023: 6).
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