These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
Croftz Limited has decided to change its financial period-end from 31 January to 31 December to align with the rest of the group. Thus, the current period financial statements (including the related notes) which comprise 11 months are not fully comparable with the prior period which comprises 12 months.
The principle accounting policies adopted are set below.
Exemption from consolidation
The company is the parent undertaking of a small group and as such is not required to prepare group accounts under Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about the group of which it is the ultimate parent.