Company Registration No. 08452157 (England and Wales)
Croute Limited
Unaudited accounts
for the year ended 31 March 2024
Croute Limited
Unaudited accounts
Contents
Croute Limited
Company Information
for the year ended 31 March 2024
Directors
N Devlin
A Bonnefoy
G Winyard
S Soulard
Company Number
08452157 (England and Wales)
Registered Office
109 Bermondsey Street
London
SE1 3XB
Accountants
Austin, Taylor Limited
16 Dover Street
Canterbury
Kent
CT1 3HD
Croute Limited
Statement of financial position
as at 31 March 2024
Tangible assets
77,439
78,133
Cash at bank and in hand
172,426
116,361
Creditors: amounts falling due within one year
(206,781)
(229,478)
Net current assets
140,615
172,097
Total assets less current liabilities
218,054
250,266
Provisions for liabilities
Deferred tax
(14,714)
(12,455)
Net assets
203,340
237,811
Called up share capital
72
72
Capital redemption reserve
28
28
Profit and loss account
203,240
237,711
Shareholders' funds
203,340
237,811
For the year ending 31 March 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 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 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 of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
N Devlin
Director
Company Registration No. 08452157
Croute Limited
Notes to the Accounts
for the year ended 31 March 2024
Croute Limited is a private company, limited by shares, registered in England and Wales, registration number 08452157. The registered office is 109 Bermondsey Street, London, SE1 3XB.
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.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Land & buildings
5% On cost
Plant & machinery
20% On cost
Fixtures & fittings
20% On cost
Computer equipment
33% On cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Croute Limited
Notes to the Accounts
for the year ended 31 March 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
138,479
41,873
25,841
8,478
214,671
Additions
-
10,091
-
-
10,091
At 31 March 2024
138,479
51,964
25,841
8,478
224,762
At 1 April 2023
64,360
37,859
25,841
8,478
136,538
Charge for the year
6,924
3,861
-
-
10,785
At 31 March 2024
71,284
41,720
25,841
8,478
147,323
At 31 March 2024
67,195
10,244
-
-
77,439
At 31 March 2023
74,119
4,014
-
-
78,133
6
Investments
Subsidiary undertakings
Valuation at 1 April 2023
36
Valuation at 31 March 2024
-
Croute Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
11,300
13,624
Other debtors
151,770
261,590
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
38,157
Trade creditors
46,405
54,265
Taxes and social security
159,199
121,040
Other creditors
1,177
16,016
9
Average number of employees
During the year the average number of employees was 11 (2023: 11).