REGISTERED NUMBER: 13813696 (England and Wales)

KRYPTRONIC LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R W Bowen

REGISTERED OFFICE:

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

REGISTERED NUMBER:

13813696 (England and Wales)

ACCOUNTANTS:

Bevan Buckland LLP

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Intangible assets

4

22,946

970

Tangible assets

5

18,181

36,364

41,127

37,334

CURRENT ASSETS

Stocks

6

-

6,127

Cash at bank

382

474

382

6,601

CREDITORS

Amounts falling due within one year

7

98,053

91,814

NET CURRENT LIABILITIES

(97,671

)

(85,213

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(56,544

)

(47,879

)

CAPITAL AND RESERVES

Called up share capital

200

200

Revaluation reserve

14,724

-

Retained earnings

(71,468

)

(48,079

)

SHAREHOLDERS' FUNDS

(56,544

)

(47,879

)

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 his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

R W Bowen - Director

1.	STATUTORY INFORMATION

Kryptronic Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Cryptocurrency is being measured at fair value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Cryptocurrency

£

COST OR VALUATION

At 1 January 2024

970

Additions

7,514

Disposals

(262

)

Revaluations

14,724

At 31 December 2024

22,946

NET BOOK VALUE

At 31 December 2024

22,946

At 31 December 2023

970

Cost or valuation at 31 December 2024 is represented by:

Cryptocurrency

£

Valuation in 2022

800

Valuation in 2023

170

Valuation in 2024

21,976

22,946

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

72,730

DEPRECIATION

At 1 January 2024

36,366

Charge for year

18,183

At 31 December 2024

54,549

NET BOOK VALUE

At 31 December 2024

18,181

At 31 December 2023

36,364

6.

STOCKS

2024

2023

£

£

Stocks

-

6,127

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

1,259

2,060

Directors' loan accounts

96,794

89,754

98,053

91,814

8.	RELATED PARTY DISCLOSURES

During the year the director made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding on the balance sheet date was £96,795 (2023 £89,754).