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REGISTERED NUMBER: 06423740 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2023

for

A Croskell Ltd

A Croskell Ltd (Registered number: 06423740)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A Croskell Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mr AD Croskell
Mrs KM Croskell





SECRETARY: Mrs KM Croskell





REGISTERED OFFICE: River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ





REGISTERED NUMBER: 06423740 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

A Croskell Ltd (Registered number: 06423740)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,480 -
Tangible assets 5 914,945 795,814
918,425 795,814

CURRENT ASSETS
Stocks 102,249 106,355
Debtors 6 101,970 83,797
Cash at bank 45,000 64,387
249,219 254,539
CREDITORS
Amounts falling due within one year 7 210,784 361,925
NET CURRENT ASSETS/(LIABILITIES) 38,435 (107,386 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

956,860

688,428

CREDITORS
Amounts falling due after more than one
year

8

(3,834

)

(807

)

PROVISIONS FOR LIABILITIES 9 (124,069 ) (94,104 )
NET ASSETS 828,957 593,517

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 10 83,466 83,466
Retained earnings 10 745,391 509,951
SHAREHOLDERS' FUNDS 828,957 593,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

A Croskell Ltd (Registered number: 06423740)

Balance Sheet - continued
31st March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2023 and were signed on its behalf by:




Mrs KM Croskell - Director



Mr AD Croskell - Director


A Croskell Ltd (Registered number: 06423740)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

A Croskell Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 15% 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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

A Croskell Ltd (Registered number: 06423740)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1st April 2022 20,000
Additions 4,350
At 31st March 2023 24,350
AMORTISATION
At 1st April 2022 20,000
Amortisation for year 870
At 31st March 2023 20,870
NET BOOK VALUE
At 31st March 2023 3,480
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Tenants Plant and Dairy
buildings machinery herd Totals
£    £    £    £   
COST OR VALUATION
At 1st April 2022 36,647 973,699 243,900 1,254,246
Additions - 264,753 - 264,753
Disposals - (60,500 ) - (60,500 )
At 31st March 2023 36,647 1,177,952 243,900 1,458,499
DEPRECIATION
At 1st April 2022 12,318 446,114 - 458,432
Charge for year 3,664 97,483 - 101,147
Eliminated on disposal - (16,025 ) - (16,025 )
At 31st March 2023 15,982 527,572 - 543,554
NET BOOK VALUE
At 31st March 2023 20,665 650,380 243,900 914,945
At 31st March 2022 24,329 527,585 243,900 795,814

Cost or valuation at 31st March 2023 is represented by:

Tenants Plant and Dairy
buildings machinery herd Totals
£    £    £    £   
Valuation in 2016 - - 42,251 42,251
Valuation in 2017 - - 6,015 6,015
Valuation in 2018 - - (6,900 ) (6,900 )
Valuation in 2019 - - 2,800 2,800
Valuation in 2020 - - (4,015 ) (4,015 )
Valuation in 2021 - - 10,615 10,615
Valuation in 2022 - - 32,700 32,700
Cost 36,647 1,177,952 160,434 1,375,033
36,647 1,177,952 243,900 1,458,499

A Croskell Ltd (Registered number: 06423740)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 86,541 72,391
VAT 9,138 5,654
Prepayments 6,291 5,752
101,970 83,797

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,025 -
Hire purchase contracts 4,989 9,683
Trade creditors 54,273 38,181
Corporation tax 20,008 1
Social security and other taxes 643 1,195
Directors' current accounts 111,096 311,115
Accrued expenses 1,750 1,750
210,784 361,925

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,834 807

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 124,069 94,104

Deferred
tax
£   
Balance at 1st April 2022 94,104
Charge to Income Statement during year 29,965
Balance at 31st March 2023 124,069

10. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1st April 2022 509,951 83,466 593,417
Profit for the year 237,662 237,662
Dividends (2,222 ) (2,222 )
At 31st March 2023 745,391 83,466 828,857

11. RELATED PARTY DISCLOSURES

At 31 March 2023 the company owed £111,096 to its directors (2022 £311,115). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.