Company Registration No. 07844166 (England and Wales)
KRC IT LTD
financial statements
for the year ended 31 January 2026
KRC IT LTD
financial statements
Contents
KRC IT LTD
Company Information
for the year ended 31 January 2026
Directors
Pathanjali Kolli
Srikalyani Kotha
Secretary
Pathanjali Kolli
Company Number
07844166 (England and Wales)
Registered Office
52 Egremont Drive
Lower Earley
Reading
RG6 3BS
England
Accountants
Gladstone & Co. Accountants
Gladstone House, 1A Central Park Road
East Ham
London
E6 3DZ
KRC IT LTD
Accountants' report
Accountants' report to the board of directors of KRC IT LTD on the preparation of the unaudited statutory accounts for the year ended 31 January 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
KRC IT LTD for the year ended
31 January 2026 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of KRC IT LTD, as a body, in accordance with the terms of our engagement letter dated 11 November 2011. Our work has been undertaken solely to prepare for your approval the accounts of KRC IT LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KRC IT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KRC IT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KRC IT LTD. You consider that KRC IT LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of KRC IT LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Gladstone & Co. Accountants
Gladstone House, 1A Central Park Road
East Ham
London
E6 3DZ
5 July 2026
KRC IT LTD
Statement of financial position
as at 31 January 2026
Cash at bank and in hand
181
11,011
Creditors: amounts falling due within one year
(18,915)
(39,183)
Net current assets
261,141
237,689
Total assets less current liabilities
264,141
237,689
Creditors: amounts falling due after more than one year
(20,489)
(28,145)
Net assets
243,652
209,544
Called up share capital
100
100
Profit and loss account
243,552
209,444
Shareholders' funds
243,652
209,544
For the year ending 31 January 2026 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 5 July 2026 and were signed on its behalf by
Pathanjali Kolli
Director
Company Registration No. 07844166
KRC IT LTD
Notes to the Accounts
for the year ended 31 January 2026
KRC IT LTD is a private company, limited by shares, registered in England and Wales, registration number 07844166. The registered office is 52 Egremont Drive, Lower Earley, Reading, RG6 3BS, England.
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.
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:
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
277,818
264,270
KRC IT LTD
Notes to the Accounts
for the year ended 31 January 2026
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
1,688
3,777
Taxes and social security
17,227
22,514
Loans from directors
-
11,850
7
Creditors: amounts falling due after more than one year
2026
2025
Taxes and social security
20,489
28,145
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
6,293
-
6,293
-
Directors Loan Account
5,557
-
5,557
-
Included in creditors is an amount due to be paid by the company to the directors as at the balance sheet date. The amount
repayable carries no interest and there is no fixed date of repayment.
10
Transactions with related parties
a) Dividends totalling £37,000 (2025 - £80,000) were paid in the year in respect of shares held by the company directors.
b) Other debtors include a loan advanced to a connected party on 31st Jan 2023 for a period of 10 years. As at the date of the balance sheet, the outstanding loan balance was £277,818 (2024: £264,270) and market interest rate was applied based on the arm's length principle.
11
Average number of employees
During the year the average number of employees was 3 (2025: 2).