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REGISTERED NUMBER: 02990942 (England and Wales)











Financial Statements

for the Year Ended 29th December 2023

for

Croft Complete Homes Limited

Croft Complete Homes Limited (Registered number: 02990942)

Contents of the Financial Statements
for the Year Ended 29th December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Croft Complete Homes Limited

Company Information
for the Year Ended 29th December 2023







DIRECTORS: Mr J C Croft
Mr S J W Hill





REGISTERED OFFICE: C/O Towers + Gornall Ltd
River View, 96 High Street
Garstang
Preston
Lancashire
PR3 1WZ





REGISTERED NUMBER: 02990942 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Croft Complete Homes Limited (Registered number: 02990942)

Balance Sheet
29th December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,905 66,983

CURRENT ASSETS
Stocks 33,868 49,702
Debtors 5 266,368 254,634
Cash at bank and in hand 94,816 118,129
395,052 422,465
CREDITORS
Amounts falling due within one year 6 360,482 375,969
NET CURRENT ASSETS 34,570 46,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,475

113,479

CREDITORS
Amounts falling due after more than one
year

7

(40,383

)

(35,833

)

PROVISIONS FOR LIABILITIES (16,836 ) (12,657 )
NET ASSETS 66,256 64,989

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Capital redemption reserve 1,000 1,000
Retained earnings 63,756 62,489
SHAREHOLDERS' FUNDS 66,256 64,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2024 and were signed on its behalf by:



Mr J C Croft - Director


Croft Complete Homes Limited (Registered number: 02990942)

Notes to the Financial Statements
for the Year Ended 29th December 2023


1. STATUTORY INFORMATION

Croft Complete Homes 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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 10 (2022 - 15 ) .

Croft Complete Homes Limited (Registered number: 02990942)

Notes to the Financial Statements - continued
for the Year Ended 29th December 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30th December 2022 2,359 222,792 225,151
Additions - 48,626 48,626
Disposals - (31,345 ) (31,345 )
At 29th December 2023 2,359 240,073 242,432
DEPRECIATION
At 30th December 2022 2,359 155,809 158,168
Charge for year - 16,757 16,757
Eliminated on disposal - (21,398 ) (21,398 )
At 29th December 2023 2,359 151,168 153,527
NET BOOK VALUE
At 29th December 2023 - 88,905 88,905
At 29th December 2022 - 66,983 66,983

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,650 80,570
Amounts recoverable on contract 69,291 47,424
Other debtors 175,427 126,640
266,368 254,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,591 -
Trade creditors 17,209 17,846
Taxation and social security 61,551 86,426
Other creditors 274,131 271,697
360,482 375,969

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 25,833 35,833
Hire purchase contracts 14,550 -
40,383 35,833