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Company Registration No. 09455123 (England and Wales)
Kraken Consulting Limited Unaudited accounts for the year ended 28 February 2025
Kraken Consulting Limited Unaudited accounts Contents
Page
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Kraken Consulting Limited Company Information for the year ended 28 February 2025
Director
Mr Darren Scully
Company Number
09455123 (England and Wales)
Registered Office
8 Bunting Close Newton Abbot Devon TQ12 6BU
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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Kraken Consulting Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
62,412 
46,487 
Current assets
Debtors
93,496 
87,549 
Cash at bank and in hand
102,524 
140,709 
196,020 
228,258 
Creditors: amounts falling due within one year
(49,064)
(64,406)
Net current assets
146,956 
163,852 
Total assets less current liabilities
209,368 
210,339 
Creditors: amounts falling due after more than one year
(17,325)
(20,625)
Provisions for liabilities
Deferred tax
(11,858)
(8,833)
Net assets
180,185 
180,881 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
180,085 
180,781 
Shareholders' funds
180,185 
180,881 
For the year ending 28 February 2025 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 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 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 9 August 2025 and were signed on its behalf by
Mr Darren Scully Director Company Registration No. 09455123
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Kraken Consulting Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Kraken Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 09455123. The registered office is 8 Bunting Close, Newton Abbot, Devon, TQ12 6BU.
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 as modified by the revaluation of certain fixed assets.
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
25% Reducing Balance Basis
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
33.33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2024
37,594 
36,990 
7,837 
23,995 
106,416 
Additions
9,820 
42,990 
- 
989 
53,799 
Disposals
- 
(36,990)
- 
- 
(36,990)
At 28 February 2025
47,414 
42,990 
7,837 
24,984 
123,225 
Depreciation
At 1 March 2024
13,935 
22,194 
7,752 
16,048 
59,929 
Charge for the year
8,370 
8,597 
43 
6,068 
23,078 
On disposals
- 
(22,194)
- 
- 
(22,194)
At 28 February 2025
22,305 
8,597 
7,795 
22,116 
60,813 
Net book value
At 28 February 2025
25,109 
34,393 
42 
2,868 
62,412 
At 29 February 2024
23,659 
14,796 
85 
7,947 
46,487 
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Kraken Consulting Limited Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
47,389 
44,782 
Other debtors
46,107 
42,767 
93,496 
87,549 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
3,300 
3,300 
VAT
12,713 
16,057 
Trade creditors
60 
435 
Taxes and social security
7,191 
8,851 
Accruals
25,800 
35,763 
49,064 
64,406 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
17,325 
20,625 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Darren Scully
Loan to Director
31,967 
44,006 
31,967 
44,006 
31,967 
44,006 
31,967 
44,006 
The company made a loan of £44,006 (2024: £31,967) to the director. Interest of £1,100 (2024: £799) was charged on the loan at a rate of 2.5%. The loan is unsecured and repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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