Company Registration No. 07337155 (England and Wales)
Croesus Trading Limited
Unaudited accounts
for the year ended 31 July 2024
Croesus Trading Limited
Unaudited accounts
Contents
Croesus Trading Limited
Company Information
for the year ended 31 July 2024
Company Number
07337155 (England and Wales)
Registered Office
203 West Street
Fareham
Hampshire
PO16 0EN
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Croesus Trading Limited
Accountants' report
Accountants' report to the director of Croesus Trading Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Croesus Trading Limited for the year ended
31 July 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Croesus Trading Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Croesus Trading Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Croesus Trading Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Croesus Trading Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Croesus Trading Limited. You consider that Croesus Trading Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Croesus Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
10 September 2024
Croesus Trading Limited
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
-
272
Creditors: amounts falling due within one year
(24,517)
(43,627)
Net current liabilities
(20,717)
(41,955)
Net liabilities
(20,653)
(41,870)
Called up share capital
2
2
Profit and loss account
(20,655)
(41,872)
Shareholders' funds
(20,653)
(41,870)
For the year ending 31 July 2024 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 10 September 2024 and were signed on its behalf by
Gary Smith
Director
Company Registration No. 07337155
Croesus Trading Limited
Notes to the Accounts
for the year ended 31 July 2024
Croesus Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 07337155. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
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.
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.
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:
Plant & machinery
25% reducing balance
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Tangible fixed assets
Plant & machinery
Croesus Trading Limited
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
406
-
Loans from directors
20,000
41,798
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(41,798)
(11,109)
(32,907)
(20,000)
(41,798)
(11,109)
(32,907)
(20,000)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).