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Company Registration No. 04872427 (England and Wales)
Crilt Enterprises Limited Unaudited accounts for the year ended 31 March 2023
Crilt Enterprises Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Crilt Enterprises Limited Company Information for the year ended 31 March 2023
Directors
C Sykes R Sykes
Company Number
04872427 (England and Wales)
Registered Office
203 West Street Fareham Hants PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
- 3 -
Crilt Enterprises Limited Accountants' report
Accountants' report to the board of directors of Crilt Enterprises Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Crilt Enterprises Limited for the year ended 31 March 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Crilt Enterprises Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Crilt Enterprises Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crilt Enterprises Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Crilt Enterprises Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Crilt Enterprises Limited. You consider that Crilt Enterprises Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Crilt Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 4 July 2023
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Crilt Enterprises Limited Statement of financial position as at 31 March 2023
2023
2022
Notes
£
£
Fixed assets
Intangible assets
4
927
4,101
Tangible assets
5
5,511
6,434
6,438
10,535
Current assets
Inventories
200
200
Debtors
6
44,454
42,383
Cash at bank and in hand
1,113
1,158
45,767
43,741
Creditors: amounts falling due within one year
7
(32,233)
(27,348)
Net current assets
13,534
16,393
Total assets less current liabilities
19,972
26,928
Creditors: amounts falling due after more than one year
8
(19,900)
(25,726)
Net assets
72
1,202
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
(28)
1,102
Shareholders' funds
72
1,202
For the year ending 31 March 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 4 July 2023 and were signed on its behalf by
C Sykes Director Company Registration No. 04872427
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Crilt Enterprises Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Crilt Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 04872427. The registered office is 203 West Street, Fareham, Hants, PO16 0EN.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Land & buildings
10% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
15% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 10% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 6 -
Crilt Enterprises Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022
31,742
At 31 March 2023
31,742
Amortisation
At 1 April 2022
27,641
Charge for the year
3,174
At 31 March 2023
30,815
Net book value
At 31 March 2023
927
At 31 March 2022
4,101
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
6,472
1,922
10,004
7,079
25,477
At 31 March 2023
6,472
1,922
10,004
7,079
25,477
Depreciation
At 1 April 2022
4,309
1,568
9,339
3,827
19,043
Charge for the year
216
53
166
488
923
At 31 March 2023
4,525
1,621
9,505
4,315
19,966
Net book value
At 31 March 2023
1,947
301
499
2,764
5,511
At 31 March 2022
2,163
354
665
3,252
6,434
6
Debtors
2023
2022
£
£
Amounts falling due within one year
Accrued income and prepayments
1,954
4,190
Other debtors
42,500
38,193
44,454
42,383
7
Creditors: amounts falling due within one year
2023
2022
£
£
VAT
846
2,449
Trade creditors
6,478
10,383
Taxes and social security
12,907
6,662
Other creditors
186
116
Accruals
11,816
7,738
32,233
27,348
- 7 -
Crilt Enterprises Limited Notes to the Accounts for the year ended 31 March 2023
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
19,900
25,726
9
Share capital
2023
2022
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
C Sykes
Director Loan Account
38,193
53,537
49,430
42,300
38,193
53,537
49,430
42,300
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).
- 8 -