Krista Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC487911 (Scotland)

Financial Statements for the Year Ended 30 September 2018

for

KRISTA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C M Spink

REGISTERED OFFICE:

12 Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC487911 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

-

4,722

CURRENT ASSETS

Debtors

5

-

33

Cash at bank

37,204

67,144

37,204

67,177

CREDITORS

Amounts falling due within one year

6

21,407

1,017

NET CURRENT ASSETS

15,797

66,160

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,797

70,882

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

15,796

70,881

SHAREHOLDERS' FUNDS

15,797

70,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director on 18 February 2019 and were signed by:

C M Spink - Director

1.	STATUTORY INFORMATION

Krista Ltd is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" 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 cost convention.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss

Account, 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 material 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 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

COST

At 1 October 2017

5,206

2,935

8,141

Disposals

(5,206

)

(2,935

)

(8,141

)

At 30 September 2018

-

DEPRECIATION

At 1 October 2017

2,066

1,353

3,419

Eliminated on disposal

(2,066

)

(1,353

)

(3,419

)

At 30 September 2018

-

NET BOOK VALUE

At 30 September 2018

-

At 30 September 2017

3,140

1,582

4,722

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Other debtors

-

33

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Taxation and social security

(4,525

)

-

Other creditors

25,932

1,017

21,407

1,017

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £44,400 (2017 - £25,740) were paid to the director .

The company was under the control of C M Spink, the director, throughout the current year and

previous period.

During the year the director advanced the company net amounts totalling £25,116 . As at 30th

September 2018 included within other creditors is a balance outstanding due to the director of

£25,116 (2017 - 0). No interest has been paid on this loan.

Krista Ltd - Accounts to registrar (filleted) - small 18.2

Krista Ltd - Accounts to registrar (filleted) - small 18.2