Kriti Technologies Ltd


1 November 2021 false Taxfiler 2023.5.5 SC412196business:PrivateLimitedCompanyLtd2021-11-012022-10-31 SC4121962021-10-31 SC4121962021-11-012022-10-31 SC412196business:AuditExemptWithAccountantsReport2021-11-012022-10-31 SC412196business:FullAccounts2021-11-012022-10-31 SC4121962022-10-31 SC4121962021-10-31 SC412196core:WithinOneYear2022-10-31 SC412196core:WithinOneYear2021-10-31 SC412196core:AfterOneYear2022-10-31 SC412196core:AfterOneYear2021-10-31 SC412196core:ShareCapital2022-10-31 SC412196core:ShareCapital2021-10-31 SC412196core:RetainedEarningsAccumulatedLosses2022-10-31 SC412196core:RetainedEarningsAccumulatedLosses2021-10-31 SC412196business:SmallEntities2021-11-012022-10-31 SC412196business:Director12021-11-012022-10-31 SC412196countries:Scotland2021-11-012022-10-31 SC412196business:RegisteredOffice2021-11-012022-10-31 SC412196core:FurnitureFittings2021-11-012022-10-31 SC412196core:FurnitureFittings2021-10-31 SC412196core:FurnitureFittings2022-10-31 SC4121962020-11-012021-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC412196 (Scotland)
Kriti Technologies Ltd Unaudited accounts for the year ended 31 October 2022
Kriti Technologies Ltd Unaudited accounts Contents
Page
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Kriti Technologies Ltd Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,612 
4,284 
Current assets
Debtors
- 
16,500 
Cash at bank and in hand
96,651 
146,728 
96,651 
163,228 
Creditors: amounts falling due within one year
(70,946)
(119,193)
Net current assets
25,705 
44,035 
Total assets less current liabilities
28,317 
48,319 
Creditors: amounts falling due after more than one year
(26,248)
(33,248)
Net assets
2,069 
15,071 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,067 
15,069 
Shareholders' funds
2,069 
15,071 
For the year ending 31 October 2022 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 director acknowledges his 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 and authorised for issue on 25 July 2023 and were signed on its behalf by
Mr Sampath Kumar Tokala Director Company Registration No. SC412196
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Kriti Technologies Ltd Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
Kriti Technologies Ltd is a private company, limited by shares, registered in Scotland, registration number SC412196. The registered office is Summit House, 4-5 Mitchell Street, Edinburgh, EH6 7BD.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
25% Straightline
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2021
9,434 
At 31 October 2022
9,434 
Depreciation
At 1 November 2021
5,150 
Charge for the year
1,672 
At 31 October 2022
6,822 
Net book value
At 31 October 2022
2,612 
At 31 October 2021
4,284 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
16,500 
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Kriti Technologies Ltd Notes to the Accounts for the year ended 31 October 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
20 
- 
Taxes and social security
11,280 
21,955 
Other creditors
59,646 
97,238 
70,946 
119,193 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
26,248 
33,248 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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