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REGISTERED NUMBER: 08658028 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

CROFTWERK LIMITED

CROFTWERK LIMITED (REGISTERED NUMBER: 08658028)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CROFTWERK LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr C Croft



REGISTERED OFFICE: The Landing
3rd Floor MediaCityUK
Salford
Lancashire
M50 2ST



REGISTERED NUMBER: 08658028 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Santander
21 Prescot Street
London
E1 8TN

CROFTWERK LIMITED (REGISTERED NUMBER: 08658028)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 959 1,778

CURRENT ASSETS
Debtors 5 19,718 16,626
Cash at bank 7,551 4,109
27,269 20,735
CREDITORS
Amounts falling due within one year 6 13,921 8,003
NET CURRENT ASSETS 13,348 12,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,307

14,510

CREDITORS
Amounts falling due after more than one
year

7

13,193

14,193
NET ASSETS 1,114 317

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 994 197
SHAREHOLDERS' FUNDS 1,114 317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 February 2025 and were signed by:





Mr C Croft - Director


CROFTWERK LIMITED (REGISTERED NUMBER: 08658028)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Croftwerk 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 is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

CROFTWERK LIMITED (REGISTERED NUMBER: 08658028)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 14,121
DEPRECIATION
At 1 September 2023 12,343
Charge for year 819
At 31 August 2024 13,162
NET BOOK VALUE
At 31 August 2024 959
At 31 August 2023 1,778

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 8,890 1,707
Other debtors 10,828 14,919
19,718 16,626

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 2,000 2,874
Trade creditors - 66
Taxation and social security 10,062 3,204
Other creditors 1,859 1,859
13,921 8,003

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 13,193 14,193

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,193 6,193

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Loans totalling £10,430 (2023 £12,654) was due from the Director as at 31st August 2024. There are no terms governing its repayment. Interest has been charged at market rate.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Croft.