Company Registration No. 10945183 (England and Wales)
Kuldea Limited
Unaudited accounts
for the year ended 31 December 2024
Kuldea Limited
Unaudited accounts
Contents
Kuldea Limited
Company Information
for the year ended 31 December 2024
Directors
Raymond Wright
Deirdre Mc Gettrick
Patrick McCann
Tom Hickey
Richard Whelan
Company Number
10945183 (England and Wales)
Registered Office
128 City Road
London
EC1V 2NX
United Kingdom
Kuldea Limited
Statement of financial position
as at 31 December 2024
Intangible assets
1,059
1,996
Tangible assets
12,162
13,772
Debtors
4,037,358
1,009,590
Cash at bank and in hand
959,673
753,127
Creditors: amounts falling due within one year
(3,530)
(950,739)
Net current assets
4,993,501
811,978
Total assets less current liabilities
5,006,724
827,748
Creditors: amounts falling due after more than one year
(63,263)
(62,711)
Net assets
4,943,461
765,037
Called up share capital
3,689
2,926
Share premium
10,454,525
5,443,435
Profit and loss account
(5,514,753)
(4,681,324)
Shareholders' funds
4,943,461
765,037
For the year ending 31 December 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 30 September 2025 and were signed on its behalf by
Deirdre Mc Gettrick
Director
Company Registration No. 10945183
Kuldea Limited
Notes to the Accounts
for the year ended 31 December 2024
Kuldea Limited is a private company, limited by shares, registered in England and Wales, registration number 10945183. The registered office is 128 City Road, London, EC1V 2NX, United Kingdom.
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.
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.
Expenditure on research and development is written off in the year in which it is incurred.
The Directors, who make up the majority of the creditors balances, will not recall their loans until such time the company has the funds to repay these and as such the accounts are prepared on a going concern basis.
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
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:
Plant & machinery
10% Straight line
Investments in shares are included at cost.
Kuldea Limited
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's intangible fixed assets. tangible fixed assets and investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Other key sources of estimation uncertainty:
Tangible fixed assets (note 4)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Intangible fixed assets
Other
At 31 December 2024
14,016
At 31 December 2024
12,957
Kuldea Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
At 31 December 2024
16,655
At 31 December 2024
12,162
At 31 December 2023
13,772
6
Investments
Subsidiary undertakings
Valuation at 1 January 2024
2
Valuation at 31 December 2024
2
Amounts falling due within one year
Trade debtors
26,781
57,964
Amounts due from group undertakings etc.
1,437,914
834,960
Accrued income and prepayments
4,914
40,110
Other debtors
2,567,749
76,069
8
Creditors: amounts falling due within one year
2024
2023
Other creditors
1,194
950,739
9
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
63,263
62,711
10
Average number of employees
During the year the average number of employees was 10 (2023: 14).