Company Registration No. 07906209 (England and Wales)
Kernelist Limited
Unaudited accounts
for the period from 1 April 2020 to 30 April 2021
Kernelist Limited
Unaudited accounts
Contents
Kernelist Limited
Company Information
for the period from 1 April 2020 to 30 April 2021
Director
Dr Zsuzsa Kata Horvath
Company Number
07906209 (England and Wales)
Registered Office
Piccadilly Business Centre
Aldow Enterprise Park
Manchester
M12 6AE
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
Kernelist Limited
Statement of financial position
as at
30 April 2021
Cash at bank and in hand
14,917
47,079
Creditors: amounts falling due within one year
(15,059)
(30)
Net current assets
20
47,221
Called up share capital
20
20
Profit and loss account
-
47,201
Shareholders' funds
20
47,221
For the period ending 30 April 2021 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 19 May 2021 and were signed on its behalf by
Dr Zsuzsa Kata Horvath
Director
Company Registration No. 07906209
Kernelist Limited
Notes to the Accounts
for the period from 1 April 2020 to 30 April 2021
Kernelist Limited is a private company, limited by shares, registered in England and Wales, registration number 07906209. The registered office is Piccadilly Business Centre, Aldow Enterprise Park, Manchester, M12 6AE, United Kingdom. The company is in the process of being wound up.
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 period, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Kernelist Limited ceased trading on 30 April 2021.
Kernelist Limited
Notes to the Accounts
for the period from 1 April 2020 to 30 April 2021
4
Tangible fixed assets
Total
5
Share capital
2021
2020
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends.
At the reporting date the amount owed by the company to Dr Horvath was £15,059, a movement of £15,059 from the £Nil owed by the company at the beginning of the period.
Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the period the average number of employees was 0 (2020: 0).