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Registered number: 06796481









CRATUS COMMUNICATIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CRATUS COMMUNICATIONS LIMITED
REGISTERED NUMBER: 06796481

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,600
7,005

  
4,600
7,005

Current assets
  

Debtors: amounts falling due within one year
 5 
721,978
663,755

Cash at bank and in hand
  
25
6,035

  
722,003
669,790

Creditors: amounts falling due within one year
 6 
(484,263)
(410,427)

Net current assets
  
 
 
237,740
 
 
259,363

Total assets less current liabilities
  
242,340
266,368

Creditors: amounts falling due after more than one year
 7 
(54,922)
(87,497)

  

Net assets
  
187,418
178,871


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
187,416
178,869

  
187,418
178,871


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2025.



N Kilby
Page 1

 
CRATUS COMMUNICATIONS LIMITED
REGISTERED NUMBER: 06796481
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CRATUS COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Cratus Communications Limited is a company limited by shares and incorporated in England. The address of the registered office is 124 Finchley Road, London, NW3 5JS and its principal place of business is Fora, 180 Borough High Street, London, SE1 1LB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue  comprises fees receivable for consultancy services and is recognised in the statement of comprehensive income in on completion of milestones as per the contracts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
CRATUS COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to and from related parties.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 35).

Page 4

 
CRATUS COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2023
47,432


Additions
5,274



At 31 January 2024

52,706



Depreciation


At 1 February 2023
40,427


Charge for the year on owned assets
7,679



At 31 January 2024

48,106



Net book value



At 31 January 2024
4,600



At 31 January 2023
7,005

Page 5

 
CRATUS COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
589,181
526,574

Amounts owed by group undertakings
48,950
89,205

Other debtors
36,500
23,089

Prepayments
47,347
24,887

721,978
663,755



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
31,340
30,581

Bank loan
32,575
31,035

Trade creditors
169,701
94,154

Amounts owed to group undertakings
724
724

Corporation tax
11,273
12,975

Other taxation and social security
153,214
153,298

Other creditors
32,849
57,084

Accruals
52,587
30,576

484,263
410,427



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loan
54,922
87,497


Page 6

 
CRATUS COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loan
32,575
31,035


32,575
31,035

Amounts falling due 1-2 years

Bank loan
34,195
32,575


34,195
32,575

Amounts falling due 2-5 years

Bank loan
20,727
54,922


20,727
54,922


87,497
118,532


The loan is repayable by 60 monthly instalments of £3,009, beginning 13 months after the date of the initial drawdown. Interest is charged on a daily basis at 4.75% over the Bank of England's base rate.


9.


Pension commitments

The Company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the Company  in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounted to £73,821 (2023: £44,095). Contributions totalling £12,271 (2023: £31,766) were payable to the funds at the balance sheet date and are included in creditors.


10.


Controlling party

The immediate and ultimate parent undertaking is The Advocacy Group Limited and the ultimate controlling party is N Kilby.

 
Page 7