Registered number
NI645118
Creid Services Ltd
Filleted Accounts
30 April 2024
Creid Services Ltd
Registered number: NI645118
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 46,260 64,860
Current assets
Debtors 4 69,713 15,790
Cash at bank and in hand 3,430 8,700
73,143 24,490
Creditors: amounts falling due within one year 5 (23,672) (46,650)
Net current assets/(liabilities) 49,471 (22,160)
Net assets 95,731 42,700
Capital and reserves
Called up share capital 1 1
Profit and loss account 95,730 42,699
Shareholder's funds 95,731 42,700
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shane Dunleavy
Director
Approved by the board on 11 December 2024
Creid Services Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 33%
Fixtures, fittings, tools and equipment 15%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 340,708
At 30 April 2024 340,708
Depreciation
At 1 May 2023 275,848
Charge for the year 18,600
At 30 April 2024 294,448
Net book value
At 30 April 2024 46,260
At 30 April 2023 64,860
4 Debtors 2024 2023
£ £
Other debtors 69,713 15,790
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 23,194 33,097
Obligations under finance lease and hire purchase contracts - 12,626
Other creditors 478 927
23,672 46,650
6 Other information
Creid Services Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
22 St. Colman's Park
Newry
Down
BT34 2BX
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