Relate AccountsProduction v2.5.2 v2.5.2 2021-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of electrical and electronic engineering design projects. 4 August 2022 2 2 10740252 2022-04-30 10740252 2021-04-30 10740252 2020-04-30 10740252 2021-05-01 2022-04-30 10740252 2020-05-01 2021-04-30 10740252 uk-bus:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 10740252 uk-bus:SmallCompaniesRegimeForAccounts 2021-05-01 2022-04-30 10740252 uk-bus:AbridgedAccounts 2021-05-01 2022-04-30 10740252 uk-core:ShareCapital 2022-04-30 10740252 uk-core:ShareCapital 2021-04-30 10740252 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 10740252 uk-core:RetainedEarningsAccumulatedLosses 2021-04-30 10740252 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-04-30 10740252 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-04-30 10740252 uk-bus:FRS102 2021-05-01 2022-04-30 10740252 uk-core:FurnitureFittingsToolsEquipment 2021-05-01 2022-04-30 10740252 2021-05-01 2022-04-30 10740252 uk-bus:Director1 2021-05-01 2022-04-30 10740252 uk-bus:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Cronus Electronics Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 April 2022



Cronus Electronics Limited
Company Registration Number: 10740252
ABRIDGED BALANCE SHEET
as at 30 April 2022

2022 2021
Notes £ £
 
Fixed Assets
Tangible assets 4 8,178 9,337
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Current Assets
Debtors - 149
Cash at bank and in hand 201,752 111,113
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201,752 111,262
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Creditors: amounts falling due within one year (110,172) (98,637)
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Net Current Assets 91,580 12,625
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Total Assets less Current Liabilities 99,758 21,962
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Capital and Reserves
Called up share capital 100 100
Retained earnings 99,658 21,862
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Shareholders' Funds 99,758 21,962
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
For the financial year ended 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 4 August 2022 and signed on its behalf by
           
________________________________          
Mr B Horton          
Director          
           



Cronus Electronics Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 April 2022

   
1. General Information
 
Cronus Electronics Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is 7 Manor Road, Weymouth, Dorset, DT3 5HR, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 April 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2021 - 2).
 
  2022 2021
  Number Number
 
Director 2 2
  ═════════ ═════════
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 May 2021 15,064 15,064
Additions 284 284
  ───────── ─────────
At 30 April 2022 15,348 15,348
  ───────── ─────────
Depreciation
At 1 May 2021 5,727 5,727
Charge for the financial year 1,443 1,443
  ───────── ─────────
At 30 April 2022 7,170 7,170
  ───────── ─────────
Net book value
At 30 April 2022 8,178 8,178
  ═════════ ═════════
At 30 April 2021 9,337 9,337
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 April 2022.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.