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Registered number: 14084646
Kratos Medical Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
James Khan
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14084646
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,250 15,800
Tangible Assets 5 28,170 20,093
39,420 35,893
CURRENT ASSETS
Cash at bank and in hand 30,715 39,875
30,715 39,875
Creditors: Amounts Falling Due Within One Year (20,186 ) (37,118 )
NET CURRENT ASSETS (LIABILITIES) 10,529 2,757
TOTAL ASSETS LESS CURRENT LIABILITIES 49,949 38,650
NET ASSETS 49,949 38,650
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 49,849 38,550
SHAREHOLDERS' FUNDS 49,949 38,650
For the year ending 31 March 2025 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
Dr Gregory James
Director
19/06/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Kratos Medical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14084646 . The registered office is Within Ufit Trident Business Park, Glass Avenue, Cardiff, CF24 5EN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the Company Website. It is amortised to profit and loss account over its estimated economic life of five years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Taxation
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 years 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2024 12,000 10,750 22,750
As at 31 March 2025 12,000 10,750 22,750
Amortisation
As at 1 April 2024 4,800 2,150 6,950
Provided during the period 2,400 2,150 4,550
As at 31 March 2025 7,200 4,300 11,500
Net Book Value
As at 31 March 2025 4,800 6,450 11,250
As at 1 April 2024 7,200 8,600 15,800
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 23,997 1,429 25,426
Additions 15,828 - 15,828
As at 31 March 2025 39,825 1,429 41,254
Depreciation
As at 1 April 2024 4,931 402 5,333
Provided during the period 7,465 286 7,751
As at 31 March 2025 12,396 688 13,084
Net Book Value
As at 31 March 2025 27,429 741 28,170
As at 1 April 2024 19,066 1,027 20,093
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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