Registration number:
Croydon Enterprise Agency Ltd
for the Year Ended 30 April 2024
Croydon Enterprise Agency Ltd
Contents
Company Information |
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Abridged Statement of Financial Position |
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Notes to the Abridged Financial Statements |
Croydon Enterprise Agency Ltd
Company Information
Chairman |
P A Taylor |
Director |
Ms S Saunders |
Registered office |
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Auditors |
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Croydon Enterprise Agency Ltd
(Registration number: 06289781)
Abridged Statement of Financial Position as at 30 April 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
25 |
25 |
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Retained earnings |
84,524 |
84,524 |
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Shareholders' funds |
84,549 |
84,549 |
All of the company’s members have consented to the preparation of an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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Croydon Enterprise Agency Ltd
Notes to the Abridged Financial Statements for the Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged 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 abridged 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 presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.
Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Sponsorship income
Sponsorship income is credited to the income and expenditure account on a receivable basis.
Tax
The tax expense for the period comprises 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.
Croydon Enterprise Agency Ltd
Notes to the Abridged Financial Statements for the Year Ended 30 April 2024 (continued)
2 |
Accounting policies (continued) |
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
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 |
Fixtures and fittings |
25% pa on a reducing balance basis |
Short leasehold |
Straight line basis over the life of the lease |
Plant and machinery |
25% pa on a reducing balance basis |
Computer equipment |
33% pa on a straight line basis |
Creative Digital Lab equipment |
25% pa on a reducing balance basis |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Staff costs are recharged from the controlling party, Croydon Business Venture Limited. Croydon Enterprise Agency does not employ any staff.
Croydon Enterprise Agency Ltd
Notes to the Abridged Financial Statements for the Year Ended 30 April 2024 (continued)
Auditors' remuneration |
2024 |
2023 |
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Audit of the financial statements |
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Profit/loss before tax |
Arrived at after charging/(crediting)
2024 |
2023 |
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Depreciation expense |
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Croydon Enterprise Agency Ltd
Notes to the Abridged Financial Statements for the Year Ended 30 April 2024 (continued)
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Creative Digital Lab Equipment |
Total |
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Cost or valuation |
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At 1 May 2023 |
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- |
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Additions |
- |
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Disposals |
- |
( |
- |
( |
At 30 April 2024 |
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Depreciation |
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At 1 May 2023 |
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- |
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Charge for the year |
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Eliminated on disposal |
- |
( |
- |
( |
At 30 April 2024 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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- |
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Disclosure under section 444(5B) of the Companies Act 2006 |
Audit report
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Croydon Enterprise Agency Ltd
Notes to the Abridged Financial Statements for the Year Ended 30 April 2024 (continued)
Ultimate parent company |
The ultimate parent company is Croydon Business Venture Limited, a company registered in Great Britain. The parent undertaking registered office is Weatherhill House, New South Quarter, 23 Whitestone Way, Croydon, Surrey CR0 4WF.
The consolidated financial statements for the group are available to the public and may be obtained from Companies House (England and Wales) as well as from the address of the parent undertaking above.
Ultimate controlling party
No individual or group of individuals acting together control 50% or more of the company or its ultimate parent undertaking.