Krh Tech Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13237476 (England and Wales)

KRH TECH LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr K Ramdany

SECRETARY:

REGISTERED OFFICE:

320 Firecrest Court Centre Park

Warrington

United Kingdom

Cheshire

WA1 1RG

REGISTERED NUMBER:

13237476 (England and Wales)

ACCOUNTANTS:

T. PA Accountancy Services Limited

Hale House

Unit 5

296a Green Lanes

Palmers Green

London

N13 5TP

FIXED ASSETS

Tangible assets

4

3,846

3,477

CURRENT ASSETS

Cash at bank and in hand

134,599

99,723

CREDITORS

Amounts falling due within one year

5

22,511

35,061

NET CURRENT ASSETS

112,088

64,662

TOTAL ASSETS LESS CURRENT LIABILITIES

115,934

68,139

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

7

115,933

68,138

SHAREHOLDERS' FUNDS

115,934

68,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The 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.

The financial statements were approved by the director and authorised for issue on 27 December 2023 and were signed by:

Mr K Ramdany - Director

1.	STATUTORY INFORMATION

Krh Tech Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

4,346

-

4,346

Additions

-

1,419

1,419

At 31 March 2023

4,346

1,419

5,765

DEPRECIATION

At 1 April 2022

869

-

869

Charge for year

695

355

1,050

At 31 March 2023

1,564

355

1,919

NET BOOK VALUE

At 31 March 2023

2,782

1,064

3,846

At 31 March 2022

3,477

-

3,477

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Corporation tax payable

15,347

15,167

VAT

6,414

5,217

Directors' current accounts

-

13,977

Accrued expenses

750

700

22,511

35,061

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1

Ordinary

£1

1

1

7.

RESERVES

Retained

earnings

£

At 1 April 2022

68,138

Profit for the year

65,795

Dividends

(18,000

)

At 31 March 2023

115,933