Company Registration No. 12898537 (England and Wales)
KERNEL EDGE TECHNOLOGIES LTD
Unaudited accounts
for the year ended 30 September 2024
KERNEL EDGE TECHNOLOGIES LTD
Unaudited accounts
Contents
KERNEL EDGE TECHNOLOGIES LTD
Company Information
for the year ended 30 September 2024
Directors
Christopher Donnachie
Jonathan Forbes
Hilmar Ingimundarson
Company Number
12898537 (England and Wales)
Registered Office
20-22 WENLOCK ROAD
LONDON
N1 7GU
ENGLAND
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
KERNEL EDGE TECHNOLOGIES LTD
Statement of financial position
as at 30 September 2024
Intangible assets
5,790
11,580
Tangible assets
1,582
3,918
Cash at bank and in hand
3,845
2,530
Creditors: amounts falling due within one year
(12,519)
(33,940)
Net current liabilities
(1,834)
(3,434)
Total assets less current liabilities
5,538
12,064
Creditors: amounts falling due after more than one year
(85,295)
(86,780)
Net liabilities
(79,757)
(74,716)
Called up share capital
10
10
Profit and loss account
(79,767)
(74,726)
Shareholders' funds
(79,757)
(74,716)
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
Christopher Donnachie
Director
Company Registration No. 12898537
KERNEL EDGE TECHNOLOGIES LTD
Notes to the Accounts
for the year ended 30 September 2024
KERNEL EDGE TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12898537. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Fixtures & fittings
33.3% Straight Line
Computer equipment
33.3% Straight Line
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The Directors have confirmed they will continue to support the minimum operating costs of the company as and when required until such time as additional sources of funding are secured. The accounts are therefore presented on a going concern basis.
KERNEL EDGE TECHNOLOGIES LTD
Notes to the Accounts
for the year ended 30 September 2024
4
Intangible fixed assets
Other
At 30 September 2024
28,950
At 30 September 2024
23,160
At 30 September 2024
5,790
At 30 September 2023
11,580
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
320
6,688
7,008
At 30 September 2024
320
6,688
7,008
At 1 October 2023
108
2,982
3,090
Charge for the year
107
2,229
2,336
At 30 September 2024
215
5,211
5,426
At 30 September 2024
105
1,477
1,582
At 30 September 2023
212
3,706
3,918
Amounts falling due within one year
Trade debtors
2,243
19,811
Accrued income and prepayments
79
547
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,805
7,798
Taxes and social security
(682)
10,322
Deferred income
10,000
10,000
KERNEL EDGE TECHNOLOGIES LTD
Notes to the Accounts
for the year ended 30 September 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Deferred income
85,295
86,780
Allotted, called up and fully paid:
1,000,000 Ordinary shares of £0.00001 each
10
10
10
Average number of employees
During the year the average number of employees was 1 (2023: 2).