Company registration number 13848971 (England and Wales)
Michael Croisdale Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 January 2025
PAGES FOR FILING WITH REGISTRAR
Michael Croisdale Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Michael Croisdale Limited
Statement Of Financial Position
as at 31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,000
Tangible assets
4
13,500
18,000
13,500
22,000
Current assets
Debtors
1,247
2,583
Cash at bank and in hand
60,141
32,432
61,388
35,015
Creditors: amounts falling due within one year
(43,971)
(29,705)
Net current assets
17,417
5,310
Net assets
30,917
27,310
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
30,817
27,210
Total equity
30,917
27,310
Michael Croisdale Limited
Statement Of Financial Position (continued)
as at 31 January 2025
- 2 -
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 7 February 2025
M Croisdale
Director
Company registration number 13848971 (England and Wales)
Michael Croisdale Limited
Notes to the financial statements
for the year ended 31 January 2025
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
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.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 3 years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
25% reducing balance
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
1
1
Michael Croisdale Limited
Notes to the financial statements (continued)
for the year ended 31 January 2025
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2024 and 31 January 2025
12,000
Amortisation and impairment
At 1 February 2024
8,000
Amortisation charged for the year
4,000
At 31 January 2025
12,000
Carrying amount
At 31 January 2025
At 31 January 2024
4,000
4
Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2024 and 31 January 2025
32,000
Depreciation and impairment
At 1 February 2024
14,000
Depreciation charged in the year
4,500
At 31 January 2025
18,500
Carrying amount
At 31 January 2025
13,500
At 31 January 2024
18,000
5
Company information
Michael Croisdale Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Greenfield Road, Ossett, Wakefield, West Yorkshire, WF5 0ES.