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REGISTERED NUMBER: 02395908 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

Cronapress Limited

Cronapress Limited (Registered number: 02395908)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cronapress Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: C M Butler





SECRETARY: Ms S Saddington





REGISTERED OFFICE: Parkside Works
Otley Road
Guiseley
Leeds
LS20 8BH





REGISTERED NUMBER: 02395908 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Cronapress Limited (Registered number: 02395908)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,600 15,615
Investments 6 45,056 45,056
57,656 60,671

CURRENT ASSETS
Stocks 260,057 185,417
Debtors 7 230,232 57,399
490,289 242,816
CREDITORS
Amounts falling due within one year 8 162,954 157,369
NET CURRENT ASSETS 327,335 85,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,991

146,118

CREDITORS
Amounts falling due after more than one
year

9

(132,063

)

(60,694

)

PROVISIONS FOR LIABILITIES (2,331 ) (2,208 )
NET ASSETS 250,597 83,216

CAPITAL AND RESERVES
Called up share capital 17,112 17,112
Retained earnings 233,485 66,104
250,597 83,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Cronapress Limited (Registered number: 02395908)

Balance Sheet - continued
30 September 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2024 and were signed by:





C M Butler - Director


Cronapress Limited (Registered number: 02395908)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Cronapress 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Revenue is recognised when the risks and rewards have been transferred to the customer which is usually upon despatch or completion of the services.

Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over it's useful economic life. It is reviewed for impairment at the end of the first full financial year following the aquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


Cronapress Limited (Registered number: 02395908)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 69,506
AMORTISATION
At 1 October 2022
and 30 September 2023 69,506
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

Cronapress Limited (Registered number: 02395908)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2022
and 30 September 2023 4,128 127,712 52,974 1,500 186,314
DEPRECIATION
At 1 October 2022 4,128 114,253 50,818 1,500 170,699
Charge for year - 2,692 323 - 3,015
At 30 September 2023 4,128 116,945 51,141 1,500 173,714
NET BOOK VALUE
At 30 September 2023 - 10,767 1,833 - 12,600
At 30 September 2022 - 13,459 2,156 - 15,615

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 45,056
NET BOOK VALUE
At 30 September 2023 45,056
At 30 September 2022 45,056

Fixed asset investments are stated at historical cost less provision for any diminution in value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 145,346 21,068
Amounts owed by participating interests 30,086 -
Other debtors 54,800 36,331
230,232 57,399

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 29,468 30,051
Trade creditors 21,884 16,780
Taxation and social security 75,066 35,642
Other creditors 36,536 74,896
162,954 157,369

Cronapress Limited (Registered number: 02395908)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 132,063 60,694

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,604 -

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 158,606 76,926

Ennell Welding Pension Fund and Lloyds Bank PLC hold a fixed and floating charge against all assets held in the company.

The director has given a personal guarantee against the bank overdraft and the funding circle loan.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
C M Butler
Balance outstanding at start of year 25,390 21,857
Amounts advanced 47,172 69,425
Amounts repaid (25,390 ) (65,892 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,172 25,390

Interest has been charged at the official rate, and is repayable on demand.