Kernowpath Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 11894779

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	35		35
Cash at bank and in hand		192,512		177,658

		192,547		177,693
Creditors: Amounts Falling Due Within One Year	6	(17,951 )		(22,955 )

NET CURRENT ASSETS (LIABILITIES)			174,596		154,738

TOTAL ASSETS LESS CURRENT LIABILITIES			174,596		154,738

NET ASSETS			174,596		154,738

CAPITAL AND RESERVES
Called up share capital	7		200		200
Profit and Loss Account			174,396		154,538

SHAREHOLDERS' FUNDS			174,596		154,738

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 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.

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 JE Garvican

Director

02/10/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Kernowpath Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11894779 . The registered office is 11 Stret Rosemelin, Truro, Cornwall, TR1 1FR.

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.

2.3. 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:

Computer Equipment

25% straight line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

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 year 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)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	1,899

As at 31 March 2025	1,899

Depreciation
As at 1 April 2024	1,899

As at 31 March 2025	1,899

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

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Kernowpath Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	35	35

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	8,529	13,133
Accruals and deferred income	1,010	1,004
Directors' loan accounts	8,412	8,818

	17,951	22,955

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

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