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REGISTERED NUMBER: 09756347 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Krema Limited

Krema Limited (Registered number: 09756347)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Krema Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr J Cronin
Mrs M Cronin





REGISTERED OFFICE: 25 Partridge Avenue
Yateley
Hampshire
GU46 6PB





REGISTERED NUMBER: 09756347 (England and Wales)





ACCOUNTANTS: LCP Accounting LLP
The Rectory Rooms
Glaston Hill Road
Eversley
Hampshire
RG27 0LX

Krema Limited (Registered number: 09756347)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,624 8,388

CURRENT ASSETS
Stocks 5 8,100 12,270
Debtors 6 10,520 70,164
Cash at bank and in hand 44,426 41,244
63,046 123,678
CREDITORS
Amounts falling due within one year 7 47,537 92,405
NET CURRENT ASSETS 15,509 31,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,133

39,661

CREDITORS
Amounts falling due after more than one
year

8

(27,896

)

(37,962

)

PROVISIONS FOR LIABILITIES (2,968 ) (1,594 )
NET ASSETS 269 105

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 169 5
SHAREHOLDERS' FUNDS 269 105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Krema Limited (Registered number: 09756347)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings 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:





Mr J Cronin - Director


Krema Limited (Registered number: 09756347)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Krema 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.
Short leasehold - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance and 20% on reducing balance
Computer equipment - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

Krema Limited (Registered number: 09756347)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 66,766 17,736 26,566 4,341 115,409
Additions - 11,920 281 - 12,201
Disposals - (1,175 ) (252 ) (230 ) (1,657 )
At 30 September 2023 66,766 28,481 26,595 4,111 125,953
DEPRECIATION
At 1 October 2022 66,766 12,041 25,186 3,028 107,021
Charge for year - 3,109 1,002 512 4,623
Eliminated on disposal - (934 ) (151 ) (230 ) (1,315 )
At 30 September 2023 66,766 14,216 26,037 3,310 110,329
NET BOOK VALUE
At 30 September 2023 - 14,265 558 801 15,624
At 30 September 2022 - 5,695 1,380 1,313 8,388

5. STOCKS
30.9.23 30.9.22
£    £   
Stocks 8,100 12,270

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 8,714 6,151
Other debtors 1,806 64,013
10,520 70,164

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 7,322 5,204
Taxation and social security 33,138 43,426
Other creditors 7,077 43,775
47,537 92,405

Krema Limited (Registered number: 09756347)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 27,896 37,962

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
Mr J Cronin
Balance outstanding at start of year 62,579 -
Amounts advanced - 62,579
Amounts repaid (62,579 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 62,579

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Cronin.