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REGISTERED NUMBER: 00630753















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

CRECY PUBLISHING LIMITED

CRECY PUBLISHING LIMITED (REGISTERED NUMBER: 00630753)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CRECY PUBLISHING LIMITED

Company Information
for the Year Ended 31 October 2023







Director: J M Pratt





Registered office: Unit 1a Ringway Trading Estate
Shadowmoss Road
Manchester
M22 5LH





Registered number: 00630753





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

CRECY PUBLISHING LIMITED (REGISTERED NUMBER: 00630753)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 5 - -
Tangible assets 6 266,332 293,717
Investments 7 7,900 7,900
274,232 301,617

Current assets
Stocks 370,702 438,215
Debtors 8 452,890 334,282
Cash at bank and in hand 316,059 348,605
1,139,651 1,121,102
Creditors
Amounts falling due within one year 9 538,827 454,978
Net current assets 600,824 666,124
Total assets less current liabilities 875,056 967,741

Capital and reserves
Called up share capital 11 1,197 1,197
Retained earnings 873,859 966,544
Shareholders' funds 875,056 967,741

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





J M Pratt - Director


CRECY PUBLISHING LIMITED (REGISTERED NUMBER: 00630753)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. Statutory information

Crecy Publishing Limited 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. Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK GAAP.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Crecy Publishing Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable in the circumstances.

The company makes estimates and assumptions concerning the future. The resulting estimates will, by definition, seldom equal the related actual results. The estimates that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

a) useful economic life of assets

The annual depreciation and amortisation charge is sensitive to changes in the estimated useful economic lives and residual values of the assets. These are re-assessed on an annual basis.

b) stock provision

The company is a publisher, and sales are subject to changing consumer demands. When calculating the need for a stock provision, management consider the nature and condition of the stock holding, as well as applying assumptions around anticipated saleability.

c) impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment management considers factors including the current credit rating of the debtor, the aging profile and current and historical experience.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Artwork - 20% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

CRECY PUBLISHING LIMITED (REGISTERED NUMBER: 00630753)

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


3. Accounting policies - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
a) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price. Such assets are subsequently carried at amortised cost using the effective interest method.

b) Financial liabilities

Basic financial liabilities, including trade and other payables, and bank loans, are initially measured at transaction price. They are subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

Investments
Investment in subsidiary company is held at cost less accumulated impairment losses.

4. Employees and directors

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

CRECY PUBLISHING LIMITED (REGISTERED NUMBER: 00630753)

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


5. Intangible fixed assets
Goodwill
£   
Cost
At 1 November 2022
and 31 October 2023 58,728
Amortisation
At 1 November 2022
and 31 October 2023 58,728
Net book value
At 31 October 2023 -
At 31 October 2022 -

6. Tangible fixed assets
Fixtures
and Motor Computer
Artwork fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 November 2022 1,485,309 4,724 45,430 60,729 1,596,192
Additions 97,883 - - 482 98,365
At 31 October 2023 1,583,192 4,724 45,430 61,211 1,694,557
Depreciation
At 1 November 2022 1,209,143 3,533 29,070 60,729 1,302,475
Charge for year 119,846 131 5,375 398 125,750
At 31 October 2023 1,328,989 3,664 34,445 61,127 1,428,225
Net book value
At 31 October 2023 254,203 1,060 10,985 84 266,332
At 31 October 2022 276,166 1,191 16,360 - 293,717

7. Fixed asset investments
Other
investments
£   
Cost
At 1 November 2022
and 31 October 2023 7,900
Net book value
At 31 October 2023 7,900
At 31 October 2022 7,900

CRECY PUBLISHING LIMITED (REGISTERED NUMBER: 00630753)

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


8. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 142,070 125,254
Amounts owed by group undertakings 222,225 158,517
Other debtors 88,595 50,511
452,890 334,282

9. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 26,177 -
Trade creditors 311,560 284,447
Amounts owed to group undertakings 13,660 13,660
Other creditors 187,430 156,871
538,827 454,978

10. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 26,177 -

A mortgage debenture is held by National Westminster Bank Plc over all liabilities of the company, present and future.

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,197 Ordinary £1 1,197 1,197

12. Related party disclosures

The company has taken advantage of not disclosing transactions with entities that are considered to be under normal market conditions.