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Company Registration No. 07337155 (England and Wales)
Croesus Trading Limited Unaudited accounts for the year ended 31 July 2023
Croesus Trading Limited Unaudited accounts Contents
Page
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Croesus Trading Limited Company Information for the year ended 31 July 2023
Director
Gary Smith
Company Number
07337155 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Croesus Trading Limited Accountants' report
Accountants' report to the director of Croesus Trading Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Croesus Trading Limited for the year ended 31 July 2023 as set out on pages 5 - 7 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 Croesus Trading 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 Croesus Trading 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 Croesus Trading Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Croesus Trading 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 loss of Croesus Trading Limited. You consider that Croesus Trading 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 Croesus Trading 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 5 October 2023
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Croesus Trading Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
85 
114 
Current assets
Inventories
500 
500 
Debtors
900 
621 
Cash at bank and in hand
272 
- 
1,672 
1,121 
Creditors: amounts falling due within one year
(43,627)
(27,037)
Net current liabilities
(41,955)
(25,916)
Total assets less current liabilities
(41,870)
(25,802)
Creditors: amounts falling due after more than one year
- 
(3,783)
Net liabilities
(41,870)
(29,585)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(41,872)
(29,587)
Shareholders' funds
(41,870)
(29,585)
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 5 October 2023 and were signed on its behalf by
Gary Smith Director Company Registration No. 07337155
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Croesus Trading Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Croesus Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 07337155. The registered office is 203 West Street, Fareham, Hampshire, 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.
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:
Plant & machinery
25% reducing balance
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.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
3,616 
At 31 July 2023
3,616 
Depreciation
At 1 August 2022
3,502 
Charge for the year
29 
At 31 July 2023
3,531 
Net book value
At 31 July 2023
85 
At 31 July 2022
114 
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Croesus Trading Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
99 
Trade debtors
900 
522 
900 
621 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
4,332 
VAT
431 
- 
Trade creditors
- 
56 
Loans from directors
41,798 
21,323 
Accruals
1,398 
1,326 
43,627 
27,037 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
3,783 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Gary Smith
Director Loan Account
(21,324)
(20,968)
(494)
(41,798)
(21,324)
(20,968)
(494)
(41,798)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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