Kraken Yachts Ltd,Ltd - AccountsLtd - Accounts

Kraken Yachts Ltd,Ltd - AccountsLtd - Accounts

KRAKEN YACHTS LIMITED - Company Information

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2022-01-01 10638123 2022-12-31 10638123 2022-01-01 2022-12-31 10638123 2021-12-31 10638123 2021-01-01 2021-12-31 10638123 uk-core:WithinOneYear 2021-12-31 10638123 uk-core:WithinOneYear 2022-12-31 10638123 uk-core:AfterOneYear 2021-12-31 10638123 uk-core:AfterOneYear 2022-12-31 10638123 uk-core:ShareCapital 2022-12-31 10638123 uk-core:ShareCapital 2021-12-31 10638123 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 10638123 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 10638123 uk-bus:Director1 2022-01-01 2022-12-31 10638123 uk-core:ComputerEquipment 2022-01-01 2022-12-31 10638123 uk-core:WithinOneYear 2022-12-31 10638123 uk-core:WithinOneYear 2021-12-31 iso4217:GBP xbrli:pure 10638123 uk-bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 10638123 uk-bus:FRS102 2022-01-01 2022-12-31 10638123 uk-bus:FullAccounts 2022-01-01 2022-12-31 10638123 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
Kraken Yachts Ltd
Registered Number:10638123
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2022
Kraken Yachts Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10638123
As at 31 December 2022
Kraken Yachts Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
108
259
2
108
259
Current assets
Trade and other receivables
453,743
637,606
3
256,917
Cash and cash equivalents
-
637,606
710,660
Trade and other payables: amounts falling due within one
year
(182,775)
(111,001)
4
527,885
526,605
Net current assets
Total assets less current liabilities
526,713
528,144
Trade and other payables: amounts falling due after more
than one year
(530,885)
(530,885)
5
(4,172)
Net liabilities
(2,741)
Capital and reserves
Called up share capital
100
100
Retained earnings
(4,272)
(2,841)
(4,172)
(2,741)
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Julie Higdon Director
These financial statements were approved and authorised for issue by the Board on 23 September 2023 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2022
Kraken Yachts Ltd
Notes to the Financial Statements
Statutory Information
Kraken Yachts Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10638123.
Registered address:
23 Robjohns Road
Widford Estate
Chelmsford
Essex
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, 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:
25% Straight line
Computer Equipment
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 January 2022
1,739
At 31 December 2022
1,739
Provision for depreciation and impairment
At 01 January 2022
1,480
Charge for year
151
At 31 December 2022
1,631
At 31 December 2022
Net book value
108
At 31 December 2021
259
2 of 3
5
For the year ended 31 December 2022
Kraken Yachts Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2021
2022
£
£
Trade debtors
-
165,025
Other debtors
637,606
288,718
453,743
637,606
The debtors above include the following amounts falling due after more than one year:
Other debtors
589,159
253,487
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
35,314
-
Trade creditors
209
(186)
Taxation and social security
-
60
Other creditors
75,478
182,901
111,001
182,775
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Other creditors
530,885
530,885
6. Average number of persons employed
During the year the average number of employees was 0
3 of 3