KRRIT LIMITED - Accounts

KRRIT LIMITED
Contents Page
For the year ended 31 March 2025

Balance sheet	1
Notes to the financial statements	2

KRRIT LIMITED
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,392	1,195
		1,392	1,195
Current assets
Debtors: amounts falling due within one year		116,119	115,120
Cash at bank and in hand		461,557	268,001
		577,676	383,121
Creditors: amount falling due within one year		(81,326)	(46,908)
Net current assets		496,350	336,213

Total assets less current liabilities		497,742	337,408
Net assets		497,742	337,408

Capital and reserves
Called up share capital		100	100
Other Comprehensive Income	4	(5,197)	(5,197)
Profit and loss account		502,839	342,505
Shareholders' funds		497,742	337,408

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 10 October 2025 and were signed on its behalf by:

-------------------------------
Khemraj Ramgulal VERMA
Director

1

KRRIT LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

KRRIT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08540059, registration address 121 Monyhull Hall Road, Birmingham, B30 3QG.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

3 Straight Line

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 April 2024	3,306	3,306
Additions	803	803
Disposals	-	-
At 31 March 2025	4,109	4,109
Depreciation
At 01 April 2024	2,111	2,111
Charge for year	606	606
On disposals	-	-
At 31 March 2025	2,717	2,717
Net book values
Closing balance as at 31 March 2025	1,392	1,392
Opening balance as at 01 April 2024	1,195	1,195

4.

Other Comprehensive Income

	2025 £	2024 £
Other Comprehensive Income b/fwd	(5,197)	0
Unrealized Gains or losses	0	(5,197)
	(5,197)	(5,197)

2

Registered Number: 08540059
England and Wales
KRRIT LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025