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REGISTERED NUMBER: 05964318 (England and Wales)











Croft Consulting Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






Croft Consulting Limited (Registered number: 05964318)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Croft Consulting Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: R D Evans





REGISTERED OFFICE: 30 Evans Croft
Fazeley
Tamworth
Staffordshire
B78 3QY





REGISTERED NUMBER: 05964318 (England and Wales)





ACCOUNTANTS: TC Group
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Croft Consulting Limited (Registered number: 05964318)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 703 827
703 827

CURRENT ASSETS
Debtors 7 280 -
Cash at bank 3,339 3,742
3,619 3,742
CREDITORS
Amounts falling due within one year 8 13,846 14,521
NET CURRENT LIABILITIES (10,227 ) (10,779 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,524

)

(9,952

)

CREDITORS
Amounts falling due after more than one
year

9

(1,548

)

(3,096

)

PROVISIONS FOR LIABILITIES (157 ) (157 )
NET LIABILITIES (11,229 ) (13,205 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (11,230 ) (13,206 )
SHAREHOLDERS' FUNDS (11,229 ) (13,205 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 May 2025 and were signed by:




R D Evans - Director


Croft Consulting Limited (Registered number: 05964318)

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


1. STATUTORY INFORMATION

Croft Consulting 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These accounts are prepared on a going concern basis that the creditors, in particular the directors, continue to financially support the company.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experiences and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and furniture - 15% on reducing balance
Equipment - 15% on reducing balance

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


Croft Consulting Limited (Registered number: 05964318)

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


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 30,000 1,100 31,100
AMORTISATION
At 1 November 2023
and 31 October 2024 30,000 1,100 31,100
NET BOOK VALUE
At 31 October 2024 - - -
At 31 October 2023 - - -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 4,361
DEPRECIATION
At 1 November 2023 3,534
Charge for year 124
At 31 October 2024 3,658
NET BOOK VALUE
At 31 October 2024 703
At 31 October 2023 827

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 280 -

Croft Consulting Limited (Registered number: 05964318)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,548 1,548
Trade creditors 1,699 199
Taxation and social security 1,738 1,213
Other creditors 8,861 11,561
13,846 14,521

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,548 3,096

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. GOING CONCERN

The financial statements have been prepared on a going concern basis. The balance sheet shows a position of net deficit as at 31 October 2024. The company relies on the continued financial support of the shareholders, creditors and bankers to continue trading.