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Company Registration No. 09599591 (England and Wales)
CREDOO LTD Unaudited accounts for the year ended 31 May 2023
CREDOO LTD Unaudited accounts Contents
Page
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CREDOO LTD Company Information for the year ended 31 May 2023
Director
ORSOLYA VARGA
Company Number
09599591 (England and Wales)
Registered Office
77 HIGH STREET LITTLEHAMPTON BN17 5AG
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CREDOO LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,516 
1,165 
Current assets
Debtors
2,103 
10,426 
Cash at bank and in hand
12,679 
25,872 
14,782 
36,298 
Creditors: amounts falling due within one year
(3,158)
(11,312)
Net current assets
11,624 
24,986 
Total assets less current liabilities
14,140 
26,151 
Creditors: amounts falling due after more than one year
(12,299)
(16,198)
Net assets
1,841 
9,953 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,741 
9,853 
Shareholders' funds
1,841 
9,953 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 February 2024 and were signed on its behalf by
ORSOLYA VARGA Director Company Registration No. 09599591
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CREDOO LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
CREDOO LTD is a private company, limited by shares, registered in England and Wales, registration number 09599591. The registered office is 77 HIGH STREET, LITTLEHAMPTON, BN17 5AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
2,116 
Additions
1,962 
At 31 May 2023
4,078 
Depreciation
At 1 June 2022
951 
Charge for the year
611 
At 31 May 2023
1,562 
Net book value
At 31 May 2023
2,516 
At 31 May 2022
1,165 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
7,806 
Other debtors
2,103 
2,620 
2,103 
10,426 
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CREDOO LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,684 
1,463 
Trade creditors
644 
- 
Taxes and social security
830 
9,849 
3,158 
11,312 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,299 
16,198 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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