Registered number
06495411
Crook & Blight Ltd
Filleted Accounts
31 March 2023
Crook & Blight Ltd
Registered number: 06495411
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 71,040 82,880
Tangible assets 4 16,192 15,241
87,232 98,121
Current assets
Debtors 5 26,508 44,830
Investments held as current assets 6 98,985 -
Cash at bank and in hand 9,945 138,377
135,438 183,207
Creditors: amounts falling due within one year 7 (50,283) (68,811)
Net current assets 85,155 114,396
Net assets 172,387 212,517
Capital and reserves
Called up share capital 100 100
Profit and loss account 172,287 212,417
Shareholder's funds 172,387 212,517
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Crook
Director
Approved by the board on 20.09.23
Crook & Blight Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 236,800
At 31 March 2023 236,800
Amortisation
At 1 April 2022 153,920
Provided during the year 11,840
At 31 March 2023 165,760
Net book value
At 31 March 2023 71,040
At 31 March 2022 82,880
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 45,360 7,600 52,960
Additions 5,230 - 5,230
At 31 March 2023 50,590 7,600 58,190
Depreciation
At 1 April 2022 33,824 3,895 37,719
Charge for the year 3,353 926 4,279
At 31 March 2023 37,177 4,821 41,998
Net book value
At 31 March 2023 13,413 2,779 16,192
At 31 March 2022 11,536 3,705 15,241
5 Debtors 2023 2022
£ £
Trade debtors 21,515 44,830
Other debtors 4,993 -
26,508 44,830
6 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 98,985 -
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,062 11,954
Taxation and social security costs 46,290 55,165
Other creditors 1,931 1,692
50,283 68,811
8 Other information
Crook & Blight Ltd is a private company limited by shares and incorporated in England & Wales. Its registered office is:
67 Bridge Street
Newport
South Wales
NP20 4AQ
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