L C Creed & Co Ltd 13918235 false 2022-02-15 2023-02-28 2023-02-28 The principal activity of the company is that of catering assistance. Digita Accounts Production Advanced 6.30.9574.0 true true 13918235 2022-02-15 2023-02-28 13918235 2023-02-28 13918235 bus:OrdinaryShareClass1 2023-02-28 13918235 bus:Original 2023-02-28 13918235 core:RetainedEarningsAccumulatedLosses 2023-02-28 13918235 core:ShareCapital 2023-02-28 13918235 core:CurrentFinancialInstruments 2023-02-28 13918235 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13918235 bus:SmallEntities 2022-02-15 2023-02-28 13918235 bus:AuditExemptWithAccountantsReport 2022-02-15 2023-02-28 13918235 bus:FullAccounts 2022-02-15 2023-02-28 13918235 bus:SmallCompaniesRegimeForAccounts 2022-02-15 2023-02-28 13918235 bus:RegisteredOffice 2022-02-15 2023-02-28 13918235 bus:Director1 2022-02-15 2023-02-28 13918235 bus:OrdinaryShareClass1 2022-02-15 2023-02-28 13918235 bus:PrivateLimitedCompanyLtd 2022-02-15 2023-02-28 13918235 countries:AllCountries 2022-02-15 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13918235

L C Creed & Co Ltd

Unaudited Filleted Financial Statements

for the Period from 15 February 2022 to 28 February 2023

 

L C Creed & Co Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

L C Creed & Co Ltd

Company Information

Director

Linda Alexander

Registered office

18 Harting Court
Cuckfield Close
Crawley
West Sussex
RH11 8UD

Accountants

Curve Accountancy
65 Gales Drive
Three Bridges
Crawley
West Sussex
RH10 1QA

 

L C Creed & Co Ltd

(Registration number: 13918235)
Balance Sheet as at 28 February 2023

Note

2023
£

Current assets

 

Debtors

4

2,534

Cash at bank and in hand

 

2,654

 

5,188

Creditors: Amounts falling due within one year

5

(4,996)

Net assets

 

192

Capital and reserves

 

Called up share capital

6

100

Retained earnings

92

Shareholders' funds

 

192

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 November 2023
 

.........................................
Linda Alexander
Director

 

L C Creed & Co Ltd

Notes to the Unaudited Financial Statements for the Period from 15 February 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
18 Harting Court
Cuckfield Close
Crawley
West Sussex
RH11 8UD
United Kingdom

These financial statements were authorised for issue by the director on 7 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

L C Creed & Co Ltd

Notes to the Unaudited Financial Statements for the Period from 15 February 2022 to 28 February 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 4.

 

L C Creed & Co Ltd

Notes to the Unaudited Financial Statements for the Period from 15 February 2022 to 28 February 2023

4

Debtors

Current

2023
£

Trade debtors

2,507

Other debtors

27

 

2,534

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

1,796

Taxation and social security

3,083

Accruals and deferred income

18

Other creditors

99

4,996

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £1 each

100

100