REGISTERED NUMBER: 13055561 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KRAI LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Lokhmotov

REGISTERED OFFICE:

8 Huntsman Road

Trumpington

CAMBRIDGE

Cambridgeshire

CB2 9BJ

REGISTERED NUMBER:

13055561 (England and Wales)

ACCOUNTANTS:

Staffords

Chartered Accountants

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

FIXED ASSETS

Tangible assets

4

2,561

11,853

CURRENT ASSETS

Debtors

5

186,606

325,014

Cash at bank

23,529

1,376

210,135

326,390

CREDITORS

Amounts falling due within one year

6

67,580

159,274

NET CURRENT ASSETS

142,555

167,116

TOTAL ASSETS LESS CURRENT LIABILITIES

145,116

178,969

PROVISIONS FOR LIABILITIES

8

640

2,963

NET ASSETS

144,476

176,006

CAPITAL AND RESERVES

Called up share capital

9

10

10

Share premium

1

-

Retained earnings

144,465

175,996

SHAREHOLDERS' FUNDS

144,476

176,006

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

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

The director acknowledges her 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:

A Lokhmotov - Director

1.	STATUTORY INFORMATION

Krai 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover 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.

Plant and machinery

-

33% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

2,225

34,931

37,156

DEPRECIATION

At 1 January 2024

2,163

23,140

25,303

Charge for year

62

9,230

9,292

At 31 December 2024

2,225

32,370

34,595

NET BOOK VALUE

At 31 December 2024

-

2,561

2,561

At 31 December 2023

62

11,791

11,853

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

57,131

162,868

Other debtors

2,098

10,153

Tax

126,100

149,382

VAT

1,277

2,611

186,606

325,014

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

21,404

39,689

Social security and other taxes

31,311

46,010

Other creditors

5,479

34,815

Directors' loan accounts

1,111

15,556

Accruals and deferred income

8,275

23,204

67,580

159,274

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

21,120

-

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

640

2,963

Deferred

tax

£

Balance at 1 January 2024

2,963

Provided during year

(2,323

)

Balance at 31 December 2024

640

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,001,000

Ordinary

0.001

p

10

10

1,000 Ordinary shares of 0.001p were issued during the year for cash of £ 1 .

10.	RELATED PARTY DISCLOSURES

There were no material transactions with related parties that were not concluded under normal market conditions.