Kernel Corporation Limited

Kernel Corporation Limited
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	83,518	86,556
		83,518	86,556
Current assets
Stocks	4	3,098	1,650
Debtors: amounts falling due within one year	5	175,020	162,113
Cash at bank and in hand		81,710	108,836
		259,828	272,599
Creditors: amount falling due within one year	6	(348,648)	(270,667)
Net current assets		(88,820)	1,932

Total assets less current liabilities		(5,302)	88,488
Net assets		(5,302)	88,488

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(5,402)	88,388
Shareholders' funds		(5,302)	88,488

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

Director's 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 director acknowledges 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 01 April 2026 and were signed by:

-------------------------------
Masayuki KIKUCHI
Director

Kernel Corporation Limited
Notes to the Financial Statements
For the year ended 31 July 2025

General Information

Kernel Corporation Limited is a private company, limited by shares, registered in England and Wales, registration number 03590823, registration address 14 Hanway Street, London, England, W1T 1UD.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.

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.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

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:

Plant and Machinery

5 years 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 8 (2024 : 8).

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Total
	£	£	£
At 01 August 2024	131,577	132,837	264,414
Additions	-	-	-
Disposals	-	-	-
At 31 July 2025	131,577	132,837	264,414
Depreciation
At 01 August 2024	51,261	126,597	177,858
Charge for year	-	3,038	3,038
On disposals	-	-	-
At 31 July 2025	51,261	129,635	180,896
Net book values
Closing balance as at 31 July 2025	80,316	3,202	83,518
Opening balance as at 01 August 2024	80,316	6,240	86,556

Stocks

	2025 £		2024 £
Finished Goods	3,098		1,650
	3,098		1,650

Debtors: amounts falling due within one year

	2025 £	2024 £
Prepayments & Accrued Income	12,434	-
Other Debtors	162,113	162,113
Corporation Tax	473	-
	175,020	162,113

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	137,852	124,116
PAYE & Social Security	5,871	4,065
Accrued Expenses	8,935	-
Other Creditors	112,890	142,486
Wages & Salaries Control Account	719	-
Directors' Current Accounts	62,420	-
VAT	19,961	-
	348,648	270,667

Share Capital

Authorised
100 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
100 Ordinary shares of £1.00 each	100		100
	100		100

Registered Number: 03590823
England and Wales
KERNEL CORPORATION LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 August 2024 End date: 31 July 2025