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REGISTERED NUMBER: 06115765 (England and Wales)


















C & R Direct Limited

Unaudited Financial Statements for the Year Ended 28 February 2023






C & R Direct Limited (Registered number: 06115765)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C & R Direct Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S J P Clough
M F Robinson





REGISTERED OFFICE: Lower Newhey Mills
Off Two Bridges Road
Newhey
Rochdale
Lancashire
OL16 3SR





REGISTERED NUMBER: 06115765 (England and Wales)






C & R Direct Limited (Registered number: 06115765)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,254 28,245

CURRENT ASSETS
Debtors 5 13,838 10,587
Cash at bank and in hand 19,877 41,905
33,715 52,492
CREDITORS
Amounts falling due within one year 6 43,584 57,309
NET CURRENT LIABILITIES (9,869 ) (4,817 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,385 23,428

CREDITORS
Amounts falling due after more than one year 7 11,025 15,750
NET ASSETS 1,360 7,678

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 9 1,258 7,576
SHAREHOLDERS' FUNDS 1,360 7,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





M F Robinson - Director


C & R Direct Limited (Registered number: 06115765)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

C & R Direct 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 etc - 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 5 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 22,810 3,449 31,304 15,202 72,765
DEPRECIATION
At 1 March 2022 16,548 2,761 13,959 11,252 44,520
Charge for year 942 104 4,338 607 5,991
At 28 February 2023 17,490 2,865 18,297 11,859 50,511
NET BOOK VALUE
At 28 February 2023 5,320 584 13,007 3,343 22,254
At 28 February 2022 6,262 688 17,345 3,950 28,245

C & R Direct Limited (Registered number: 06115765)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 6,346 8,662
Prepayments and accrued income 7,492 1,925
13,838 10,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 21,127 15,069
Tax 11,769 21,137
Social security and other taxes 1,533 3,286
Nest Pension Creditor 87 103
VAT 3,408 12,811
Net Pay Creditor 1,638 1,998
Credit Card 2,494 1,387
Directors' current accounts 300 290
Accrued expenses 1,228 1,228
43,584 57,309

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 11,025 15,750

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
102 102

9. RESERVES
Retained
earnings
£   

At 1 March 2022 7,576
Profit for the year 44,182
Dividends (50,500 )
At 28 February 2023 1,258