Company registration number 02787257 (England and Wales)
CRESCENT COMPUTER CONSULTANTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
CRESCENT COMPUTER CONSULTANTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CRESCENT COMPUTER CONSULTANTS LIMITED
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
1
Current assets
Debtors
5
11,921
15,338
Investments
6
352,113
353,663
Cash at bank and in hand
454,525
428,876
818,559
797,877
Creditors: amounts falling due within one year
7
(57,189)
(81,847)
Net current assets
761,370
716,030
Total assets less current liabilities
761,371
716,031
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
761,271
715,931
Total equity
761,371
716,031

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his 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 and signed by the director and authorised for issue on 2 April 2024
Mr S Cooper
Director
Company Registration No. 02787257
CRESCENT COMPUTER CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information

Crescent Computer Consultants Limited is a private company limited by shares incorporated in England and Wales. The registered office is 166 College Road, Harrow, Middlesex, HA1 1RA.

1.1
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.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Income is recognised in the period to which it relates.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
10% on cost

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.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

CRESCENT COMPUTER CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was;

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 and 29 February 2024
1,327
Depreciation and impairment
At 1 March 2023 and 29 February 2024
1,326
Carrying amount
At 29 February 2024
1
At 28 February 2023
1
4
Financial instruments
2024
2023
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
352,113
353,663
CRESCENT COMPUTER CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 4 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
8,190
10,080
Other debtors
3,731
5,258
11,921
15,338
6
Current asset investments
2024
2023
£
£
Other investments
352,113
353,663
7
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
11,188
20,694
Other taxation and social security
2,703
3,698
Other creditors
43,298
57,455
57,189
81,847
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Related party transactions

Included within other creditors is £30,771 (2023: £45,037) owed to the director by the company as at the balance sheet date.

2024-02-292023-03-01false02 April 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr S Cooperfalse027872572023-03-012024-02-29027872572024-02-29027872572023-02-2802787257core:OtherPropertyPlantEquipment2024-02-2902787257core:OtherPropertyPlantEquipment2023-02-2802787257core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2902787257core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2802787257core:CurrentFinancialInstruments2024-02-2902787257core:CurrentFinancialInstruments2023-02-2802787257core:ShareCapital2024-02-2902787257core:ShareCapital2023-02-2802787257core:RetainedEarningsAccumulatedLosses2024-02-2902787257core:RetainedEarningsAccumulatedLosses2023-02-2802787257bus:Director12023-03-012024-02-2902787257core:FurnitureFittings2023-03-012024-02-29027872572022-03-012023-02-2802787257core:OtherPropertyPlantEquipment2023-02-2802787257core:WithinOneYear2024-02-2902787257core:WithinOneYear2023-02-2802787257bus:PrivateLimitedCompanyLtd2023-03-012024-02-2902787257bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-2902787257bus:FRS1022023-03-012024-02-2902787257bus:AuditExemptWithAccountantsReport2023-03-012024-02-2902787257bus:FullAccounts2023-03-012024-02-29xbrli:purexbrli:sharesiso4217:GBP