Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseNo description of principal activity1517falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00824514 2024-01-01 2024-12-31 00824514 2023-01-01 2023-12-31 00824514 2024-12-31 00824514 2023-12-31 00824514 c:CompanySecretary1 2024-01-01 2024-12-31 00824514 c:Director1 2024-01-01 2024-12-31 00824514 c:Director2 2024-01-01 2024-12-31 00824514 c:RegisteredOffice 2024-01-01 2024-12-31 00824514 c:Agent1 2024-01-01 2024-12-31 00824514 d:PlantMachinery 2024-01-01 2024-12-31 00824514 d:PlantMachinery 2024-12-31 00824514 d:PlantMachinery 2023-12-31 00824514 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00824514 d:MotorVehicles 2024-01-01 2024-12-31 00824514 d:MotorVehicles 2024-12-31 00824514 d:MotorVehicles 2023-12-31 00824514 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00824514 d:FurnitureFittings 2024-01-01 2024-12-31 00824514 d:FurnitureFittings 2024-12-31 00824514 d:FurnitureFittings 2023-12-31 00824514 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00824514 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00824514 d:CurrentFinancialInstruments 2024-12-31 00824514 d:CurrentFinancialInstruments 2023-12-31 00824514 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00824514 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00824514 d:ShareCapital 2024-12-31 00824514 d:ShareCapital 2023-12-31 00824514 d:OtherMiscellaneousReserve 2024-12-31 00824514 d:OtherMiscellaneousReserve 2023-12-31 00824514 d:RetainedEarningsAccumulatedLosses 2024-12-31 00824514 d:RetainedEarningsAccumulatedLosses 2023-12-31 00824514 c:FRS102 2024-01-01 2024-12-31 00824514 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00824514 c:FullAccounts 2024-01-01 2024-12-31 00824514 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00824514 d:WithinOneYear 2024-12-31 00824514 d:WithinOneYear 2023-12-31 00824514 d:BetweenOneFiveYears 2024-12-31 00824514 d:BetweenOneFiveYears 2023-12-31 00824514 d:MoreThanFiveYears 2024-12-31 00824514 d:MoreThanFiveYears 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 00824514







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


CROYLEK LIMITED






































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CROYLEK LIMITED
 


 
COMPANY INFORMATION


Directors
M A Kosky 
M E Kosky 




Company secretary
M A Kosky



Registered number
00824514



Registered office
22 Ullswater Crescent

Coulsdon

Surrey

CR5 2UY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY




Bankers
Barclays Bank Plc
82 High Street

Epsom

Surrey

KT19 8BA





 


CROYLEK LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7

 


CROYLEK LIMITED
REGISTERED NUMBER:00824514



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
327,083
342,993

  
327,083
342,993

Current assets
  

Stocks
  
684,088
778,830

Debtors: amounts falling due within one year
 5 
920,550
1,085,750

Cash at bank and in hand
  
822,828
752,687

  
2,427,466
2,617,267

Creditors: amounts falling due within one year
 6 
(834,238)
(911,686)

Net current assets
  
 
 
1,593,228
 
 
1,705,581

Total assets less current liabilities
  
1,920,311
2,048,574

Provisions for liabilities
  

Deferred tax
  
(77,750)
(81,693)

  
 
 
(77,750)
 
 
(81,693)

Net assets
  
1,842,561
1,966,881

Page 1

 


CROYLEK LIMITED
REGISTERED NUMBER:00824514


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
£
£

Capital and reserves
  

Allotted called up and fully paid share capital
  
2,000
2,000

Other reserves
  
1,750
1,750

Profit and loss account
  
1,838,811
1,963,131

  
1,842,561
1,966,881


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 by: 



M A Kosky
Director

Date: 16 April 2025

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

Page 2

 


CROYLEK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Croylek Limited is a private company limited by shares, incorporated in England. Its registered office can be found on the company information page.

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 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:

 
2.2

Revenue

Revenue is rendered in connection with the supply of electrical, mechanical and thermal insulation products and materials. 

Revenue is recognised to the extent that is 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. The following criteria must also be met before revenue is recognised:

Sale of goods

revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
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.

Page 3

 


CROYLEK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
15%
reducing balance

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 the Statement of Income and Retained Earnings.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 January 2023 to continue to be charged over the period to the first market rent review rather than the term of the lease.

Page 4

 


CROYLEK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

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 the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position 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 reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 17).

Page 5

 


CROYLEK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost


At 1 January 2024
651,149
164,788
667,712
1,483,649


Additions
51,524
-
3,105
54,629



At 31 December 2024

702,673
164,788
670,817
1,538,278



Depreciation


At 1 January 2024
534,014
127,249
479,393
1,140,656


Charge for the year
25,299
16,526
28,714
70,539



At 31 December 2024

559,313
143,775
508,107
1,211,195



Net book value



At 31 December 2024
143,360
21,013
162,710
327,083



At 31 December 2023
117,135
37,539
188,319
342,993


5.


Debtors

2024
2023
£
£


Trade debtors
904,766
979,430

Other debtors
-
6,700

Prepayments and accrued income
15,784
99,620

920,550
1,085,750


Page 6

 


CROYLEK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
500,442
594,121

Amounts owed to group undertakings
230,619
228,720

Corporation tax
31,886
20,703

Other taxation and social security
45,292
31,896

Accruals and deferred income
25,999
36,246

834,238
911,686


The Company has a debenture agreement with Barclays Bank PLC, that is secured by fixed and floating charge over the undertaking and all property and assets present and future.


7.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
180,000
194,720

Later than 1 year and not later than 5 years
720,000
720,000

Later than 5 years
900,000
1,080,000

1,800,000
1,994,720

 
Page 7