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REGISTERED NUMBER: 06878457 (England and Wales)















CRONETEK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






CRONETEK LIMITED (REGISTERED NUMBER: 06878457)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRONETEK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: T Crone





REGISTERED OFFICE: 307 Bideford Green
Linslade
Leighton Buzzard
Bedfordshire
LU7 2TU





REGISTERED NUMBER: 06878457 (England and Wales)






CRONETEK LIMITED (REGISTERED NUMBER: 06878457)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 260 521

CURRENT ASSETS
Stocks 200 200
Debtors 5 1,054 -
Cash at bank 529 9
1,783 209
CREDITORS
Amounts falling due within one year 6 36,954 25,713
NET CURRENT LIABILITIES (35,171 ) (25,504 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,911

)

(24,983

)

CREDITORS
Amounts falling due after more than one
year

7

621

1,139
NET LIABILITIES (35,532 ) (26,122 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (35,533 ) (26,123 )
SHAREHOLDERS' FUNDS (35,532 ) (26,122 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CRONETEK LIMITED (REGISTERED NUMBER: 06878457)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 January 2025 and were signed by:





T Crone - Director


CRONETEK LIMITED (REGISTERED NUMBER: 06878457)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Cronetek Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoiced sales, excluding VAT, wholly undertaken in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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.

Going concern
After making enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern bases in preparing the annual report and accounts.

CRONETEK LIMITED (REGISTERED NUMBER: 06878457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,045 250 1,295
DEPRECIATION
At 1 May 2023 524 250 774
Charge for year 261 - 261
At 30 April 2024 785 250 1,035
NET BOOK VALUE
At 30 April 2024 260 - 260
At 30 April 2023 521 - 521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,054 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 525 505
Social security and other taxes 480 11
Directors' current accounts 34,831 24,093
Accruals and deferred income 1,118 1,104
36,954 25,713

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 531 518
Bank loans - 2-5 years 90 621
621 1,139

CRONETEK LIMITED (REGISTERED NUMBER: 06878457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
T Crone
Balance outstanding at start of year 24,093 20,859
Amounts advanced 10,738 3,234
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,831 24,093