Company registration number 11803161 (England and Wales)
Blue Crocodile Money Ltd
Unaudited
financial statements
for the year ended 28 February 2023
PAGES FOR FILING WITH REGISTRAR
Blue Crocodile Money Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Blue Crocodile Money Ltd
Statement Of Financial Position
as at 28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
11,078
10,706
Current assets
Debtors
20,616
517
Cash at bank and in hand
16,533
19,959
37,149
20,476
Creditors: amounts falling due within one year
(15,494)
(36,451)
Net current assets/(liabilities)
21,655
(15,975)
Total assets less current liabilities
32,733
(5,269)
Creditors: amounts falling due after more than one year
(31,369)
(36,250)
Net assets/(liabilities)
1,364
(41,519)
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
1,164
(41,719)
Total equity
1,364
(41,519)
Blue Crocodile Money Ltd
Statement Of Financial Position (continued)
as at 28 February 2023
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 6 October 2023 and are signed on its behalf by:
R Blakey
Director
Company Registration No. 11803161
Blue Crocodile Money Ltd
Notes to the financial statements
for the year ended 28 February 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received or receivable for services provided in the normal course pf business. Turnover is recognised upon the provision of services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation..
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% reducing balance
Office equipment
15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
6
7
Blue Crocodile Money Ltd
Notes to the financial statements (continued)
for the year ended 28 February 2023
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Office equipment
Total
£
£
£
Cost
At 1 March 2022
1,431
14,348
15,779
Additions
2,199
2,199
At 28 February 2023
1,431
16,547
17,978
Depreciation and impairment
At 1 March 2022
579
4,494
5,073
Depreciation charged in the year
129
1,698
1,827
At 28 February 2023
708
6,192
6,900
Carrying amount
At 28 February 2023
723
10,355
11,078
At 28 February 2022
852
9,854
10,706
4
Company information
Blue Crocodile Money Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, City Limits Business Centre, 34 South Parade, Morley, West Yorkshire, LS27 8FE.