Silverfin false false 28/08/2024 29/08/2023 28/08/2024 E J Croal 26/09/2006 E L Croal 26/09/2006 14 April 2025 The principal activity of the company is the provision of consultancy services. 05947714 2024-08-28 05947714 bus:Director1 2024-08-28 05947714 bus:Director2 2024-08-28 05947714 2023-08-28 05947714 core:CurrentFinancialInstruments 2024-08-28 05947714 core:CurrentFinancialInstruments 2023-08-28 05947714 core:Non-currentFinancialInstruments 2024-08-28 05947714 core:Non-currentFinancialInstruments 2023-08-28 05947714 core:ShareCapital 2024-08-28 05947714 core:ShareCapital 2023-08-28 05947714 core:RetainedEarningsAccumulatedLosses 2024-08-28 05947714 core:RetainedEarningsAccumulatedLosses 2023-08-28 05947714 core:PlantMachinery 2023-08-28 05947714 core:Vehicles 2023-08-28 05947714 core:ComputerEquipment 2023-08-28 05947714 core:PlantMachinery 2024-08-28 05947714 core:Vehicles 2024-08-28 05947714 core:ComputerEquipment 2024-08-28 05947714 2022-08-28 05947714 core:AcceleratedTaxDepreciationDeferredTax 2024-08-28 05947714 core:AcceleratedTaxDepreciationDeferredTax 2023-08-28 05947714 2023-08-29 2024-08-28 05947714 bus:FilletedAccounts 2023-08-29 2024-08-28 05947714 bus:SmallEntities 2023-08-29 2024-08-28 05947714 bus:AuditExemptWithAccountantsReport 2023-08-29 2024-08-28 05947714 bus:PrivateLimitedCompanyLtd 2023-08-29 2024-08-28 05947714 bus:Director1 2023-08-29 2024-08-28 05947714 bus:Director2 2023-08-29 2024-08-28 05947714 core:PlantMachinery core:BottomRangeValue 2023-08-29 2024-08-28 05947714 core:PlantMachinery core:TopRangeValue 2023-08-29 2024-08-28 05947714 core:Vehicles core:TopRangeValue 2023-08-29 2024-08-28 05947714 core:ComputerEquipment core:TopRangeValue 2023-08-29 2024-08-28 05947714 2022-08-29 2023-08-28 05947714 core:PlantMachinery 2023-08-29 2024-08-28 05947714 core:Vehicles 2023-08-29 2024-08-28 05947714 core:ComputerEquipment 2023-08-29 2024-08-28 iso4217:GBP xbrli:pure

Company No: 05947714 (England and Wales)

CROAL LIMITED

Unaudited Financial Statements
For the financial year ended 28 August 2024
Pages for filing with the registrar

CROAL LIMITED

Unaudited Financial Statements

For the financial year ended 28 August 2024

Contents

CROAL LIMITED

COMPANY INFORMATION

For the financial year ended 28 August 2024
CROAL LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 28 August 2024
Directors E J Croal
E L Croal
Secretary E L Croal
Registered office Springfield House
Springfield Road
Horsham
RH12 2RG
United Kingdom
Company number 05947714 (England and Wales)
Accountant Kreston Reeves LLP
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
CROAL LIMITED

BALANCE SHEET

As at 28 August 2024
CROAL LIMITED

BALANCE SHEET (continued)

As at 28 August 2024
Note 28.08.24 28.08.23
£ £
Fixed assets
Tangible assets 3 29,898 32,006
29,898 32,006
Current assets
Debtors 4 91,128 91,041
Cash at bank and in hand 152,195 228,455
243,323 319,496
Creditors: amounts falling due within one year 5 ( 109,682) ( 131,678)
Net current assets 133,641 187,818
Total assets less current liabilities 163,539 219,824
Creditors: amounts falling due after more than one year 6 ( 32,064) ( 39,622)
Provision for liabilities 7 ( 7,475) ( 8,002)
Net assets 124,000 172,200
Capital and reserves
Called-up share capital 100 100
Profit and loss account 123,900 172,100
Total shareholders' funds 124,000 172,200

For the financial year ending 28 August 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 Croal Limited (registered number: 05947714) were approved and authorised for issue by the Board of Directors on 14 April 2025. They were signed on its behalf by:

E J Croal
Director
CROAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 August 2024
CROAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 August 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

Croal 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 Springfield House, Springfield Road, Horsham, RH12 2RG, United Kingdom.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

Foreign currency

The company's functional and presentational currency is GPB.

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

Foreign exchange gains and losses resulting from the settlement of transactions are recognised in the profit or loss.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
The tax expense for the year comprises current and deferred tax. 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.

Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits; and

Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 6 - 7 years straight line
Vehicles 5 years straight line
Computer 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.

Leases

The Company as lessee
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Trade and other debtors

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

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade and other creditors

Creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at
an annual general meeting.

2. Employees

28.08.24 28.08.23
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 29 August 2023 4,938 15,995 28,875 49,808
Additions 4,758 0 6,592 11,350
At 28 August 2024 9,696 15,995 35,467 61,158
Accumulated depreciation
At 29 August 2023 1,470 533 15,799 17,802
Charge for the financial year 1,031 3,199 9,228 13,458
At 28 August 2024 2,501 3,732 25,027 31,260
Net book value
At 28 August 2024 7,195 12,263 10,440 29,898
At 28 August 2023 3,468 15,462 13,076 32,006

4. Debtors

28.08.24 28.08.23
£ £
Trade debtors 0 2,310
Amounts owed by directors 81,731 52,070
Accrued income 7,184 31,519
VAT recoverable 879 3,808
Other debtors 1,334 1,334
91,128 91,041

During the year the directors repaid the loan outstanding at 28 August 2023, which amounted to £52,070, by way of a dividend declaration. During the year, a further loan has been made to the directors, with the amount due at 28 August 2024 being £81,731.

The main conditions of the loan due from the directors were as follows:
- the loan is interest free; and
- the loan is repayable on demand.

5. Creditors: amounts falling due within one year

28.08.24 28.08.23
£ £
Bank loans 4,814 4,567
Trade creditors 27 0
Accruals 2,750 2,500
Taxation and social security 99,546 100,081
Obligations under finance leases and hire purchase contracts 2,545 2,237
Other creditors 0 22,293
109,682 131,678

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

28.08.24 28.08.23
£ £
Bank loans 26,250 31,064
Obligations under finance leases and hire purchase contracts 5,814 8,558
32,064 39,622

7. Deferred tax

28.08.24 28.08.23
£ £
At the beginning of financial year ( 8,002) ( 6,385)
Credited/(charged) to the Statement of Income and Retained Earnings 527 ( 1,617)
At the end of financial year ( 7,475) ( 8,002)

The deferred taxation balance is made up as follows:

28.08.24 28.08.23
£ £
Accelerated capital allowances ( 7,475) ( 8,002)