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Registration number: 11348690

Krashtechnic Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Krashtechnic Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 9

 

Krashtechnic Ltd

Company Information

Directors

Mr D Martin

Mr M D Mills

Mr L J Ayrton

Registered office

52 Hatch Pond Road
Nuffield Industrial Estate
Poole
Dorset
BH17 0JZ

Accountants

Elysium
Chartered AccountantsUnit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

 

Krashtechnic Ltd

(Registration number: 11348690)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

69,487

76,276

Current assets

 

Debtors

6

103,187

122,806

Cash at bank and in hand

 

137,682

188,624

 

240,869

311,430

Creditors: Amounts falling due within one year

7

(52,018)

(101,231)

Net current assets

 

188,851

210,199

Total assets less current liabilities

 

258,338

286,475

Creditors: Amounts falling due after more than one year

7

(8,220)

(18,274)

Provisions for liabilities

(9,924)

(14,360)

Net assets

 

240,194

253,841

Capital and reserves

 

Called up share capital

3

3

Retained earnings

240,191

253,838

Shareholders' funds

 

240,194

253,841

 

Krashtechnic Ltd

(Registration number: 11348690)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 May 2025 and signed on its behalf by:
 

.........................................
Mr D Martin
Director

 

Krashtechnic Ltd

Statement of Changes in Equity for the Year Ended 31 August 2024

Share capital
£

Retained earnings
£

Total
£

At 1 September 2023

3

253,837

253,840

Profit for the year

-

41,054

41,054

Dividends

-

(54,700)

(54,700)

At 31 August 2024

3

240,191

240,194

Share capital
£

Retained earnings
£

Total
£

At 1 September 2022

3

145,344

145,347

Profit for the year

-

159,494

159,494

Dividends

-

(51,000)

(51,000)

At 31 August 2023

3

253,838

253,841

 

Krashtechnic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
52 Hatch Pond Road
Nuffield Industrial Estate
Poole
Dorset
BH17 0JZ

These financial statements were authorised for issue by the Board on 30 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Krashtechnic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% reducing balance

Plant and Machinery

15% reducing balance

Computer Equipment

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

 

Krashtechnic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 9).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

13,971

15,294

 

Krashtechnic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

91,579

44,370

135,949

Additions

3,833

8,832

12,665

Disposals

-

(7,310)

(7,310)

At 31 August 2024

95,412

45,892

141,304

Depreciation

At 1 September 2023

41,015

18,658

59,673

Charge for the year

8,514

5,457

13,971

Eliminated on disposal

-

(1,827)

(1,827)

At 31 August 2024

49,529

22,288

71,817

Carrying amount

At 31 August 2024

45,883

23,604

69,487

At 31 August 2023

50,564

25,712

76,276

6

Debtors

Current

2024
£

2023
£

Trade debtors

39,736

108,106

Prepayments

49,311

563

Other debtors

14,140

14,137

 

103,187

122,806

 

Krashtechnic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,000

10,000

Trade creditors

 

22,531

22,329

Taxation and social security

 

16,544

64,037

Other creditors

 

2,943

4,865

 

52,018

101,231

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

8,220

18,274

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,220

18,274

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000