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REGISTERED NUMBER: 01265826 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

CROYDON TOOL HIRE LIMITED

CROYDON TOOL HIRE LIMITED (REGISTERED NUMBER: 01265826)






Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CROYDON TOOL HIRE LIMITED

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTOR: PJ Radford





REGISTERED OFFICE: 87A Whitehorse Road
Croydon
CR0 2JJ





REGISTERED NUMBER: 01265826 (England and Wales)





ACCOUNTANTS: Riddingtons Ltd
The Old Barn
off Wood Street
Swanley Village
Kent
BR8 7PA

CROYDON TOOL HIRE LIMITED (REGISTERED NUMBER: 01265826)

Balance Sheet
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,731 212,416

CURRENT ASSETS
Stocks 4,135 3,881
Debtors 5 60,704 97,795
Cash at bank and in hand 482,101 432,194
546,940 533,870
CREDITORS
Amounts falling due within one year 6 62,775 67,308
NET CURRENT ASSETS 484,165 466,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,896

678,978

PROVISIONS FOR LIABILITIES 31,489 38,079
NET ASSETS 630,407 640,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 630,307 640,799
SHAREHOLDERS' FUNDS 630,407 640,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 19 August 2022 and were signed by:



PJ Radford - Director


CROYDON TOOL HIRE LIMITED (REGISTERED NUMBER: 01265826)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2022

1. STATUTORY INFORMATION

Croydon Tool Hire Limited 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 7 (2021 - 7 ) .

CROYDON TOOL HIRE LIMITED (REGISTERED NUMBER: 01265826)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2021
and 28 February 2022 12,000 453,338 11,031
DEPRECIATION
At 1 March 2021 - 303,762 10,241
Charge for year - 22,437 70
At 28 February 2022 - 326,199 10,311
NET BOOK VALUE
At 28 February 2022 12,000 127,139 720
At 28 February 2021 12,000 149,576 790

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2021
and 28 February 2022 81,434 10,621 568,424
DEPRECIATION
At 1 March 2021 34,719 7,286 356,008
Charge for year 11,679 499 34,685
At 28 February 2022 46,398 7,785 390,693
NET BOOK VALUE
At 28 February 2022 35,036 2,836 177,731
At 28 February 2021 46,715 3,335 212,416

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 48,795 86,019
Other debtors 11,909 11,776
60,704 97,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 44,730 39,136
Taxation and social security 17,057 27,184
Other creditors 988 988
62,775 67,308

CROYDON TOOL HIRE LIMITED (REGISTERED NUMBER: 01265826)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

7. RELATED PARTY DISCLOSURES

Included in the Other Creditors is an amount owed to the company director Mr P Radford totalling £988 (2021 - £988), no interest is to be charged.

The policy used for government grants is the accrual model.