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Registered Number: 07076133
England and Wales

 

 

 

CRESCENT CODE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Shahid Kamal Ahmad
Registered Number 07076133
Registered Office 7 BELL YARD
LONDON ENGLAND
WC2A 2JR
Accountants Worth Knowing Accountants Ltd
7 Bell Yard
London
WC2A 2JR
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2023
Principal activities
Principal activity of the company during the financial year was of other information technology service activities.
Director
The director who served the company throughout the year was as follows:
Shahid Kamal Ahmad
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Shahid Kamal Ahmad
Director

Date approved: 21 September 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Worth Knowing Accountants Ltd
31 December 2023



....................................................
Worth Knowing Accountants Ltd
7 Bell Yard
London
WC2A 2JR
21 September 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 19,771    22,181 
Investments 4 1,000   
20,771    22,181 
Current assets      
Debtors 5 38,764    31,773 
Cash at bank and in hand 3,946    9,290 
42,710    41,063 
Creditors: amount falling due within one year 6 (38,458)   (32,584)
Net current assets 4,252    8,479 
 
Total assets less current liabilities 25,023    30,660 
Creditors: amount falling due after more than one year 7 (17,313)   (24,001)
Provisions for liabilities 8 (4,943)   (4,214)
Net assets 2,767    2,445 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 2,765    2,443 
Shareholders' funds 2,767    2,445 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 21 September 2024 and were signed by:


-------------------------------
Shahid Kamal Ahmad
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2022 2  1,804  1,806 
Profit for the year 26,874  26,874 
Total comprehensive income for the year 26,874  26,874 
Dividends (26,235) (26,235)
Total investments by and distributions to owners (26,235) (26,235)
At 31 December 2022 2  2,443  2,445 
At 01 January 2023 2  2,442  2,444 
Profit for the year 31,237  31,237 
Total comprehensive income for the year 31,237  31,237 
Dividends (30,914) (30,914)
Total investments by and distributions to owners (30,914) (30,914)
At 31 December 2023 2  2,765  2,767 
5
General Information
CRESCENT CODE LTD is a private company, limited by shares, registered in England and Wales, registration number 07076133, registration address 7 BELL YARD, LONDON ENGLAND, WC2A 2JR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2023 7,313    2,282    2,530    29,548    41,673 
Additions     191    3,112    3,303 
Disposals        
At 31 December 2023 7,313    2,282    2,721    32,660    44,976 
Depreciation
At 01 January 2023 2,093    23    493    16,883    19,492 
Charge for year 1,305    565    372    3,471    5,713 
On disposals        
At 31 December 2023 3,398    588    865    20,354    25,205 
Net book values
Closing balance as at 31 December 2023 3,915    1,694    1,856    12,306    19,771 
Opening balance as at 01 January 2023 5,220    2,259    2,037    12,665    22,181 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2023  
Additions 1,000    1,000 
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 1,000    1,000 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 4,335    6,611 
PAYE & Social Security 156    139 
Directors' Current Accounts 28,920    22,047 
VAT 5,353    2,976 
38,764    31,773 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 3,421    4,992 
Bank Loans & Overdrafts 8,800    8,800 
Corporation Tax 25,487    18,042 
Accrued Expenses 750    750 
38,458    32,584 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 17,313    24,001 
17,313    24,001 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 4,943    4,214 
4,943    4,214 

6