2022-11-012023-10-312023-10-31false13661103CR0 MOBILES AND ELECTRONICS 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CR0 MOBILES AND ELECTRONICS LIMITED

Registered Number
13661103
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

CR0 MOBILES AND ELECTRONICS LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

Mr Faizal Ahmed Jamil

Registered Address

1 Suffolk House
College Road
Croydon
CR0 1PE

Registered Number

13661103 (England and Wales)
CR0 MOBILES AND ELECTRONICS LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets338,16844,903
38,16844,903
Current assets
Stocks418,15226,690
Debtors55,7505,750
Cash at bank and on hand47,70552,874
71,60785,314
Creditors amounts falling due within one year6(14,703)(12,119)
Net current assets (liabilities)56,90473,195
Total assets less current liabilities95,072118,098
Creditors amounts falling due after one year7(200,050)(174,500)
Net assets(104,978)(56,402)
Capital and reserves
Called up share capital100100
Profit and loss account(105,078)(56,502)
Shareholders' funds(104,978)(56,402)
The financial statements were approved and authorised for issue by the Director on 31 July 2024, and are signed on its behalf by:
Mr Faizal Ahmed Jamil
Director
Registered Company No. 13661103
CR0 MOBILES AND ELECTRONICS LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company 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.
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. The financial statements have been prepared under the historical cost convention.
Going concern
These accounts are prepared on a going concern basis given the continued support of the director.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 November 2232752,50052,827
At 31 October 2332752,50052,827
Depreciation and impairment
At 01 November 22497,8757,924
Charge for year426,6936,735
At 31 October 239114,56814,659
Net book value
At 31 October 2323637,93238,168
At 31 October 2227844,62544,903
4.Stocks

2023

2022

££
Finished goods18,15226,690
Total18,15226,690
5.Debtors: amounts due within one year

2023

2022

££
Other debtors5,7505,750
Total5,7505,750
6.Creditors: amounts due within one year

2023

2022

££
Taxation and social security2391,227
Other creditors14,46410,892
Total14,70312,119
7.Creditors: amounts due after one year

2023

2022

££
Other creditors200,050174,500
Total200,050174,500
Other creditors of £200,050 (2022: £174,500) is director's loan amount invested by Mr Faizal Ahmed Jamil. The loan in long term, unsecured, at zero interest rate and subordinate to third party creditors.
8.Controlling party
The ultimate controlling party is Mr Faizal Ahmed Jamil by virtue of his 100% interest in the voting share capital.