IRIS Accounts Production v24.2.0.383 06519547 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065195472023-06-30065195472024-06-30065195472023-07-012024-06-30065195472022-06-30065195472022-07-012023-06-30065195472023-06-3006519547ns15:EnglandWales2023-07-012024-06-3006519547ns14:PoundSterling2023-07-012024-06-3006519547ns10:Director12023-07-012024-06-3006519547ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006519547ns10:SmallEntities2023-07-012024-06-3006519547ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006519547ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006519547ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006519547ns10:FullAccounts2023-07-012024-06-300651954712023-07-012024-06-3006519547ns10:OrdinaryShareClass22023-07-012024-06-3006519547ns10:OrdinaryShareClass32023-07-012024-06-3006519547ns10:Director22023-07-012024-06-3006519547ns10:CompanySecretary12023-07-012024-06-3006519547ns10:RegisteredOffice2023-07-012024-06-3006519547ns5:CurrentFinancialInstruments2024-06-3006519547ns5:CurrentFinancialInstruments2023-06-3006519547ns5:ShareCapital2024-06-3006519547ns5:ShareCapital2023-06-3006519547ns5:RetainedEarningsAccumulatedLosses2024-06-3006519547ns5:RetainedEarningsAccumulatedLosses2023-06-3006519547ns5:NetGoodwill2023-07-012024-06-3006519547ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3006519547ns5:LeaseholdImprovements2023-07-012024-06-3006519547ns5:PlantMachinery2023-07-012024-06-3006519547ns5:FurnitureFittings2023-07-012024-06-3006519547ns5:ComputerEquipment2023-07-012024-06-3006519547ns5:NetGoodwill2023-06-3006519547ns5:NetGoodwill2024-06-3006519547ns5:NetGoodwill2023-06-3006519547ns5:LeaseholdImprovements2023-06-3006519547ns5:PlantMachinery2023-06-3006519547ns5:FurnitureFittings2023-06-3006519547ns5:ComputerEquipment2023-06-3006519547ns5:LeaseholdImprovements2024-06-3006519547ns5:PlantMachinery2024-06-3006519547ns5:FurnitureFittings2024-06-3006519547ns5:ComputerEquipment2024-06-3006519547ns5:LeaseholdImprovements2023-06-3006519547ns5:PlantMachinery2023-06-3006519547ns5:FurnitureFittings2023-06-3006519547ns5:ComputerEquipment2023-06-3006519547ns5:Non-currentFinancialInstruments2024-06-3006519547ns5:Non-currentFinancialInstruments2023-06-3006519547ns5:CurrentFinancialInstruments2023-07-012024-06-3006519547ns5:DeferredTaxation2023-06-3006519547ns5:DeferredTaxation2024-06-3006519547ns10:OrdinaryShareClass22024-06-3006519547ns10:OrdinaryShareClass32024-06-30
REGISTERED NUMBER: 06519547 (England and Wales)















Croston Acorns Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Croston Acorns Limited (Registered number: 06519547)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Croston Acorns Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: PA Denver
IG Denver





SECRETARY: PA Denver





REGISTERED OFFICE: Dob Bridge Cottage
Brickcroft Lane
Croston
Leyland
Lancashire
PR26 9AA





REGISTERED NUMBER: 06519547 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Croston Acorns Limited (Registered number: 06519547)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,608 3,479
2,608 3,479

CURRENT ASSETS
Debtors 6 65,242 38,163
Cash at bank and in hand 4,685 27,002
69,927 65,165
CREDITORS
Amounts falling due within one year 7 18,056 27,599
NET CURRENT ASSETS 51,871 37,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,479

41,045

PROVISIONS FOR LIABILITIES 8 652 870
NET ASSETS 53,827 40,175

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 53,727 40,075
SHAREHOLDERS' FUNDS 53,827 40,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Croston Acorns Limited (Registered number: 06519547)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





PA Denver - Director


Croston Acorns Limited (Registered number: 06519547)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Croston Acorns 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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.


Croston Acorns Limited (Registered number: 06519547)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

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.

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 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 33,757
AMORTISATION
At 1 July 2023
and 30 June 2024 33,757
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Computer
to property machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 July 2023
and 30 June 2024 44,730 22,768 25,832 701 94,031
DEPRECIATION
At 1 July 2023 44,730 21,524 23,893 405 90,552
Charge for year - 312 485 74 871
At 30 June 2024 44,730 21,836 24,378 479 91,423
NET BOOK VALUE
At 30 June 2024 - 932 1,454 222 2,608
At 30 June 2023 - 1,244 1,939 296 3,479

Croston Acorns Limited (Registered number: 06519547)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

6. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 5,998 1,739

Amounts falling due after more than one year:
Amounts owed by group undertakings 59,244 36,424

Aggregate amounts 65,242 38,163

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 8,142 14,896
Taxation and social security 5,231 8,651
Other creditors 4,683 4,052
18,056 27,599

Included within other creditors is a directors' loan of £109 (2023: £1,154) which is interest free and has no fixed repayment terms.

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 652 870

Deferred tax
£
Balance at 1 July 2023 870
Movement in the year (218 )
Balance at 30 June 2024 652

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

10. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by G&P Denver Limited by virtue of their shareholdings.