Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11095700 Dr Debra Scates Mr Mark Scates iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11095700 2022-12-31 11095700 2023-12-31 11095700 2023-01-01 2023-12-31 11095700 frs-core:CurrentFinancialInstruments 2023-12-31 11095700 frs-core:Non-currentFinancialInstruments 2023-12-31 11095700 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11095700 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11095700 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 11095700 frs-core:PlantMachinery 2023-12-31 11095700 frs-core:PlantMachinery 2023-01-01 2023-12-31 11095700 frs-core:PlantMachinery 2022-12-31 11095700 frs-core:ShareCapital 2023-12-31 11095700 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11095700 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11095700 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11095700 frs-bus:SmallEntities 2023-01-01 2023-12-31 11095700 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11095700 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11095700 frs-bus:Director1 2023-01-01 2023-12-31 11095700 frs-bus:Director2 2023-01-01 2023-12-31 11095700 frs-countries:EnglandWales 2023-01-01 2023-12-31 11095700 2021-12-31 11095700 2022-12-31 11095700 2022-01-01 2022-12-31 11095700 frs-core:CurrentFinancialInstruments 2022-12-31 11095700 frs-core:Non-currentFinancialInstruments 2022-12-31 11095700 frs-core:ShareCapital 2022-12-31 11095700 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11095700
Crunch&Co Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11095700
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,669 7,647
5,669 7,647
CURRENT ASSETS
Stocks 5 2,000 1,200
Debtors 308 75
Cash at bank and in hand 6,323 1,258
8,631 2,533
Creditors: Amounts Falling Due Within One Year 6 (64,297 ) (59,153 )
NET CURRENT ASSETS (LIABILITIES) (55,666 ) (56,620 )
TOTAL ASSETS LESS CURRENT LIABILITIES (49,997 ) (48,973 )
Creditors: Amounts Falling Due After More Than One Year 7 (222,326 ) (160,775 )
NET LIABILITIES (272,323 ) (209,748 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (272,423 ) (209,848 )
SHAREHOLDERS' FUNDS (272,323) (209,748)
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Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Scates
Director
10/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Crunch&Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11095700 . The registered office is 100 Church Street, Brighton, East Sussex, BN1 1UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over the period of the lease
Plant & Machinery 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 5)
4 5
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 10,000 6,747 16,747
As at 31 December 2023 10,000 6,747 16,747
Depreciation
As at 1 January 2023 5,267 3,833 9,100
Provided during the period 1,250 728 1,978
As at 31 December 2023 6,517 4,561 11,078
Net Book Value
As at 31 December 2023 3,483 2,186 5,669
As at 1 January 2023 4,733 2,914 7,647
5. Stocks
2023 2022
£ £
Materials 2,000 1,200
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,960 457
Bank loans and overdrafts 49,885 45,920
Other creditors 7,844 10,742
Taxation and social security 4,608 2,034
64,297 59,153
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 222,326 160,775
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8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured between the assets of the company and the directors property.
2023 2022
£ £
Bank loans and overdrafts 272,211 206,695
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £704 (PY£459) were due to the fund. They are included in Other Creditors.
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