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REGISTERED NUMBER: 07638738 (England and Wales)














Financial Statements for the Year Ended 31 May 2024

for

Kerneltech Limited

Kerneltech Limited (Registered number: 07638738)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kerneltech Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr D Taylor
Miss M Poon





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 07638738 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Kerneltech Limited (Registered number: 07638738)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 5,190 5,190
Investments 5 35,864 37,019
41,054 42,209

CURRENT ASSETS
Debtors 6 88,955 34,505
Cash at bank 117,471 41,605
206,426 76,110
CREDITORS
Amounts falling due within one year 7 (59,855 ) (27,118 )
NET CURRENT ASSETS 146,571 48,992
TOTAL ASSETS LESS CURRENT LIABILITIES 187,625 91,201

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 187,622 91,198
SHAREHOLDERS' FUNDS 187,625 91,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kerneltech Limited (Registered number: 07638738)

Statement of Financial Position - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2025 and were signed on its behalf by:




Mr D Taylor - Director



Miss M Poon - Director


Kerneltech Limited (Registered number: 07638738)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Kerneltech Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 580 15,906 16,486
DEPRECIATION
At 1 June 2023
and 31 May 2024 348 10,948 11,296
NET BOOK VALUE
At 31 May 2024 232 4,958 5,190
At 31 May 2023 232 4,958 5,190

Kerneltech Limited (Registered number: 07638738)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 35,864
NET BOOK VALUE
At 31 May 2024 35,864
At 31 May 2023 35,864

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 88,955 34,505

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 59,855 26,756
Other creditors - 362
59,855 27,118

8. RELATED PARTY DISCLOSURES

The Directors Mr D Taylor and Miss M Poon are considered to be the key management personnel.