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REGISTERED NUMBER: 04642015 (England and Wales)















CRESDENE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






CRESDENE LIMITED (REGISTERED NUMBER: 04642015)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRESDENE LIMITED

COMPANY INFORMATION
For The Year Ended 31 MARCH 2023







DIRECTORS: P Turner
A Slater
G Kempton





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 04642015 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

CRESDENE LIMITED (REGISTERED NUMBER: 04642015)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,754 121,454

CURRENT ASSETS
Stocks 51,690 11,460
Debtors 5 169,312 110,657
Cash at bank 167,324 190,163
388,326 312,280
CREDITORS
Amounts falling due within one year 6 191,510 163,138
NET CURRENT ASSETS 196,816 149,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,570

270,596

CREDITORS
Amounts falling due after more than one year 7 (63,911 ) (68,443 )

PROVISIONS FOR LIABILITIES (18,585 ) (16,683 )
NET ASSETS 245,074 185,470

CAPITAL AND RESERVES
Called up share capital 8 8
Capital redemption reserve 2 2
Retained earnings 245,064 185,460
SHAREHOLDERS' FUNDS 245,074 185,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

CRESDENE LIMITED (REGISTERED NUMBER: 04642015)

BALANCE SHEET - continued
31 MARCH 2023


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 18 October 2023 and were signed on its behalf by:




G Kempton - Director A Slater - Director




P Turner - Director


CRESDENE LIMITED (REGISTERED NUMBER: 04642015)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2023


1. STATUTORY INFORMATION

Cresdene 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to Property - 2% on cost
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Fixtures and fittings - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

CRESDENE LIMITED (REGISTERED NUMBER: 04642015)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
Property machinery fittings
£    £    £   
COST
At 1 April 2022 35,481 17,605 32,296
Additions - 1,075 224
Disposals - (2,175 ) -
At 31 March 2023 35,481 16,505 32,520
DEPRECIATION
At 1 April 2022 1,831 1,986 23,179
Charge for year 709 3,641 2,288
Eliminated on disposal - (669 ) -
At 31 March 2023 2,540 4,958 25,467
NET BOOK VALUE
At 31 March 2023 32,941 11,547 7,053
At 31 March 2022 33,650 15,619 9,117

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 107,819 2,200 195,401
Additions 33,146 156 34,601
Disposals - - (2,175 )
At 31 March 2023 140,965 2,356 227,827
DEPRECIATION
At 1 April 2022 44,751 2,200 73,947
Charge for year 17,148 9 23,795
Eliminated on disposal - - (669 )
At 31 March 2023 61,899 2,209 97,073
NET BOOK VALUE
At 31 March 2023 79,066 147 130,754
At 31 March 2022 63,068 - 121,454

CRESDENE LIMITED (REGISTERED NUMBER: 04642015)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 165,005 106,989
Other debtors 4,307 3,668
169,312 110,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 7,480 9,626
Hire purchase contracts 18,091 12,694
Trade creditors 106,739 83,696
Taxation and social security 47,809 48,442
Other creditors 11,391 8,680
191,510 163,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 44,374 32,793
Other creditors 19,537 35,650
63,911 68,443

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party due to diversified shareholding.