Silverfin false false 31/01/2024 01/02/2023 31/01/2024 F L J Pearson 26/07/2022 L J Pearson 04/01/2017 16 January 2025 The principle activity of the Company in the year under review was that of sale of utility Leads. 10546909 2024-01-31 10546909 bus:Director1 2024-01-31 10546909 bus:Director2 2024-01-31 10546909 2023-01-31 10546909 core:CurrentFinancialInstruments 2024-01-31 10546909 core:CurrentFinancialInstruments 2023-01-31 10546909 core:Non-currentFinancialInstruments 2024-01-31 10546909 core:Non-currentFinancialInstruments 2023-01-31 10546909 core:ShareCapital 2024-01-31 10546909 core:ShareCapital 2023-01-31 10546909 core:RetainedEarningsAccumulatedLosses 2024-01-31 10546909 core:RetainedEarningsAccumulatedLosses 2023-01-31 10546909 core:PlantMachinery 2023-01-31 10546909 core:Vehicles 2023-01-31 10546909 core:ComputerEquipment 2023-01-31 10546909 core:PlantMachinery 2024-01-31 10546909 core:Vehicles 2024-01-31 10546909 core:ComputerEquipment 2024-01-31 10546909 2023-02-01 2024-01-31 10546909 bus:FilletedAccounts 2023-02-01 2024-01-31 10546909 bus:SmallEntities 2023-02-01 2024-01-31 10546909 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10546909 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10546909 bus:Director1 2023-02-01 2024-01-31 10546909 bus:Director2 2023-02-01 2024-01-31 10546909 core:PlantMachinery core:BottomRangeValue 2023-02-01 2024-01-31 10546909 core:PlantMachinery core:TopRangeValue 2023-02-01 2024-01-31 10546909 core:Vehicles core:BottomRangeValue 2023-02-01 2024-01-31 10546909 core:Vehicles core:TopRangeValue 2023-02-01 2024-01-31 10546909 core:ComputerEquipment core:BottomRangeValue 2023-02-01 2024-01-31 10546909 core:ComputerEquipment core:TopRangeValue 2023-02-01 2024-01-31 10546909 2022-02-01 2023-01-31 10546909 core:PlantMachinery 2023-02-01 2024-01-31 10546909 core:Vehicles 2023-02-01 2024-01-31 10546909 core:ComputerEquipment 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Company No: 10546909 (England and Wales)

CRG DIRECT LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

CRG DIRECT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024

Contents

CRG DIRECT LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
CRG DIRECT LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
DIRECTORS F L J Pearson
L J Pearson
REGISTERED OFFICE Wey Court West
Union Road
Farnham
GU9 7PT
United Kingdom
COMPANY NUMBER 10546909 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
CRG DIRECT LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2024
CRG DIRECT LIMITED

BALANCE SHEET (continued)

AS AT 31 JANUARY 2024
Note 31.01.2024 31.01.2023
£ £
Fixed assets
Tangible assets 3 145,087 28,924
145,087 28,924
Current assets
Stocks 4 55,000 0
Debtors 5 155,368 247,412
Cash at bank and in hand ( 1,316) 51,241
209,052 298,653
Creditors: amounts falling due within one year 6 ( 242,421) ( 83,459)
Net current (liabilities)/assets (33,369) 215,194
Total assets less current liabilities 111,718 244,118
Creditors: amounts falling due after more than one year 7 ( 92,162) ( 30,988)
Net assets 19,556 213,130
Capital and reserves
Called-up share capital 100 100
Profit and loss account 19,456 213,030
Total shareholders' funds 19,556 213,130

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of CRG Direct Limited (registered number: 10546909) were approved and authorised for issue by the Board of Directors on 16 January 2025. They were signed on its behalf by:

L J Pearson
Director
CRG DIRECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
CRG DIRECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CRG Direct Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 - 4 years straight line
Vehicles 3 - 4 years straight line
Computer equipment 3 - 4 years straight line
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

31.01.2024 31.01.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 17 11

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 February 2023 1,250 32,735 7,013 40,998
Additions 696 144,180 1,863 146,739
At 31 January 2024 1,946 176,915 8,876 187,737
Accumulated depreciation
At 01 February 2023 1,064 8,184 2,826 12,074
Charge for the financial year 317 28,085 2,174 30,576
At 31 January 2024 1,381 36,269 5,000 42,650
Net book value
At 31 January 2024 565 140,646 3,876 145,087
At 31 January 2023 186 24,551 4,187 28,924

4. Stocks

31.01.2024 31.01.2023
£ £
Finished goods 55,000 0

5. Debtors

31.01.2024 31.01.2023
£ £
Trade debtors 116,399 111,496
Other debtors 38,969 135,916
155,368 247,412

6. Creditors: amounts falling due within one year

31.01.2024 31.01.2023
£ £
Bank loans 8,981 0
Trade creditors 130,167 0
Amounts owed to directors 7,960 6,049
Accruals 3,500 1,000
Taxation and social security 42,673 76,410
Obligations under finance leases and hire purchase contracts 17,246 0
Other creditors 31,894 0
242,421 83,459

7. Creditors: amounts falling due after more than one year

31.01.2024 31.01.2023
£ £
Bank loans 13,111 30,988
Obligations under finance leases and hire purchase contracts 79,051 0
92,162 30,988