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Company Registration No. 10917562 (England and Wales)
CRAZY PHONES LTD Financial Statements for the year ended 31 August 2023
CRAZY PHONES LTD Financial Statements Contents
Page
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CRAZY PHONES LTD Company Information for the year ended 31 August 2023
Director
Mr Awais Tahir
Company Number
10917562 (England and Wales)
Registered Office
39 COMMERCIAL STREET NEWPORT NP20 1HP UNITED KINGDOM
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CRAZY PHONES LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
280 
420 
Current assets
Inventories
15,450 
13,750 
Cash at bank and in hand
4,099 
9,629 
19,549 
23,379 
Creditors: amounts falling due within one year
(209)
(1,339)
Net current assets
19,340 
22,040 
Total assets less current liabilities
19,620 
22,460 
Creditors: amounts falling due after more than one year
(12,519)
(16,427)
Net assets
7,101 
6,033 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
7,100 
6,032 
Shareholders' funds
7,101 
6,033 
For the year ending 31 August 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 his 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 17 April 2024 and were signed on its behalf by
Mr Awais Tahir Director Company Registration No. 10917562
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CRAZY PHONES LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
CRAZY PHONES LTD is a private company, limited by shares, registered in England and Wales, registration number 10917562. The registered office is 39 COMMERCIAL STREET, NEWPORT, NP20 1HP, UNITED KINGDOM.
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:
Fixtures & fittings
20%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
3,500 
700 
4,200 
Disposals
3,500 
- 
3,500 
At 31 August 2023
7,000 
700 
7,700 
Depreciation
At 1 September 2022
3,500 
280 
3,780 
Charge for the year
- 
140 
140 
On disposals
3,500 
- 
3,500 
At 31 August 2023
7,000 
420 
7,420 
Net book value
At 31 August 2023
- 
280 
280 
At 31 August 2022
- 
420 
420 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
209 
1,339 
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CRAZY PHONES LTD Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,249 
15,157 
Other creditors
1,270 
1,270 
12,519 
16,427 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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