A.T. Cronin Workshop Limited 10901469 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is interior design of upholstery and curtain. Digita Accounts Production Advanced 6.30.9574.0 true 10901469 2023-04-01 2024-03-31 10901469 2024-03-31 10901469 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10901469 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10901469 core:MoreThanFiveYears 1 2024-03-31 10901469 core:MotorVehicles 2024-03-31 10901469 bus:SmallEntities 2023-04-01 2024-03-31 10901469 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10901469 bus:FilletedAccounts 2023-04-01 2024-03-31 10901469 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10901469 bus:RegisteredOffice 2023-04-01 2024-03-31 10901469 bus:Director1 2023-04-01 2024-03-31 10901469 bus:Director2 2023-04-01 2024-03-31 10901469 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10901469 core:ComputerEquipment 2023-04-01 2024-03-31 10901469 core:FurnitureFittings 2023-04-01 2024-03-31 10901469 core:MotorVehicles 2023-04-01 2024-03-31 10901469 core:PlantMachinery 2023-04-01 2024-03-31 10901469 core:VehiclesPlantMachinery 2023-04-01 2024-03-31 10901469 countries:AllCountries 2023-04-01 2024-03-31 10901469 2023-03-31 10901469 core:MotorVehicles 2023-03-31 10901469 2022-04-01 2023-03-31 10901469 2023-03-31 10901469 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10901469 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10901469 core:MoreThanFiveYears 1 2023-03-31 10901469 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10901469

A.T. Cronin Workshop Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

A.T. Cronin Workshop Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

A.T. Cronin Workshop Limited

Company Information

Directors:

S Block

I Block

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

10901469

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

A.T. Cronin Workshop Limited

(Registration number: 10901469)
Balance Sheet as at 31 March 2024

Note

31.03.24

31.03.23

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

55,312

 

39,337

CURRENT ASSETS

   

 

Stocks

96,270

 

84,711

 

Debtors

5

188,632

 

188,302

 

Cash at bank and in hand

 

38,968

 

135,670

 

 

323,870

 

408,683

 

CREDITORS

   

 

Creditors within 1yr

6

160,553

 

238,133

 

Net current assets

   

163,317

 

170,550

Total assets less current liabilities

   

218,629

 

209,887

Creditors
Amounts falling due after more than one year

6

 

41,176

 

34,722

Net assets

   

177,453

 

175,165

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

177,353

 

175,065

Shareholders' funds

   

177,453

 

175,165

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

A.T. Cronin Workshop Limited

(Registration number: 10901469)
Balance Sheet as at 31 March 2024 (continued)

Approved and authorised by the Board on 3 December 2024

.........................................
S Block
Director

 

A.T. Cronin Workshop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1.

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the Board on 3 December 2024.

2.

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

A.T. Cronin Workshop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)


Deferred tax

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Reducing balance 20%

Motor vehicle

Reducing balance 25%

Computer equiptment

Straight line over 3 years

Fixture and fittings

Reducing balance 12.5%

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

A.T. Cronin Workshop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

3.

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2023 - 17).

4.

Tangible assets

Motor vehicles
 £

Plant and machinery
£

Cost or valuation

At 1 April 2023

-

72,170

Additions

25,500

28,965

Disposals

-

(350)

At 31 March 2024

25,500

100,785

Depreciation

At 1 April 2023

-

32,833

Charge for the year

3,719

12,990

Eliminated on disposal

-

(350)

At 31 March 2024

3,719

45,473

Carrying amount

At 31 March 2024

21,781

55,312

At 31 March 2023

-

39,337

5.

Debtors

Current

31.03.24
£

31.03.23
£

Trade debtors

150,205

167,465

Prepayments

27,043

8,744

Other debtors

11,384

12,093

 

188,632

188,302

 

A.T. Cronin Workshop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Debtors (continued)

Included in other debtors is the amount of £488 owed by the directors, including interests at the official rate and no repayment terms have been set.
 

6.

Creditors

Creditors: amounts falling due within one year

Note

31.03.24
£

31.03.23
£

Due within one year

 

Loans and borrowings

11,628

5,556

Trade creditors

 

55,054

87,803

Taxation and social security

 

85,612

138,594

Accruals and deferred income

 

2,800

-

Other creditors

 

5,459

6,180

 

160,553

238,133

Creditors: amounts falling due after more than five years

31.03.24
£

31.03.23
£

Due after more than five years

After more than five years by instalments

6,945

12,500

-

-