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REGISTERED NUMBER: 04705382 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

C A Roycroft Painters & Decorators
Limited

C A Roycroft Painters & Decorators
Limited (Registered number: 04705382)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C A Roycroft Painters & Decorators
Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: C A Roycroft





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 04705382 (England and Wales)

C A Roycroft Painters & Decorators
Limited (Registered number: 04705382)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 13,098 478
13,098 478

CURRENT ASSETS
Stocks 50 50
Debtors 7 3,307 3,002
Cash at bank 8,332 15,310
11,689 18,362
CREDITORS
Amounts falling due within one year 8 (18,276 ) (14,890 )
NET CURRENT (LIABILITIES)/ASSETS (6,587 ) 3,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,511

3,950

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,411 3,850
SHAREHOLDERS' FUNDS 6,511 3,950

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

C A Roycroft Painters & Decorators
Limited (Registered number: 04705382)

Statement of Financial Position - continued
31 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





C A Roycroft - Director


C A Roycroft Painters & Decorators
Limited (Registered number: 04705382)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Colin Roycroft Painters & Decorators Limited ('The Company') is primarily engaged in the provision of painting and decorating services.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is 12 Richardson Close, Shavington, Crewe, Cheshire, CW2 5DB. The registered number and registered office address can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principlal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

Therefore the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at fair value of the consideration received or receivable and represents amounts received or receivable for services rendered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 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.


C A Roycroft Painters & Decorators
Limited (Registered number: 04705382)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 7,500
AMORTISATION
At 1 April 2022
and 31 March 2023 7,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

C A Roycroft Painters & Decorators
Limited (Registered number: 04705382)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. TANGIBLE FIXED ASSETS
Motor Office
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 277 1,700 767 2,744
Additions - 17,378 - 17,378
Disposals - (1,700 ) - (1,700 )
At 31 March 2023 277 17,378 767 18,422
DEPRECIATION
At 1 April 2022 264 1,297 705 2,266
Charge for year 2 4,344 9 4,355
Eliminated on disposal - (1,297 ) - (1,297 )
At 31 March 2023 266 4,344 714 5,324
NET BOOK VALUE
At 31 March 2023 11 13,034 53 13,098
At 31 March 2022 13 403 62 478

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,743 1,345
Tax 1,246 1,246
Prepayments 318 411
3,307 3,002

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31 25
Directors loan account 18,101 14,721
Accrued expenses 144 144
18,276 14,890