Croft (East Midlands) Limited 09955928 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is flower display rental. Digita Accounts Production Advanced 6.30.9574.0 true 09955928 2024-02-01 2025-01-31 09955928 2025-01-31 09955928 core:RetainedEarningsAccumulatedLosses 2025-01-31 09955928 core:ShareCapital 2025-01-31 09955928 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 09955928 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 09955928 core:Goodwill 2025-01-31 09955928 core:FurnitureFittingsToolsEquipment 2025-01-31 09955928 core:MotorVehicles 2025-01-31 09955928 core:OtherPropertyPlantEquipment 2025-01-31 09955928 bus:SmallEntities 2024-02-01 2025-01-31 09955928 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 09955928 bus:FilletedAccounts 2024-02-01 2025-01-31 09955928 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09955928 bus:RegisteredOffice 2024-02-01 2025-01-31 09955928 bus:Director1 2024-02-01 2025-01-31 09955928 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09955928 core:Goodwill 2024-02-01 2025-01-31 09955928 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 09955928 core:MotorVehicles 2024-02-01 2025-01-31 09955928 core:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 09955928 core:PlantMachinery 2024-02-01 2025-01-31 09955928 countries:EnglandWales 2024-02-01 2025-01-31 09955928 2024-01-31 09955928 core:Goodwill 2024-01-31 09955928 core:FurnitureFittingsToolsEquipment 2024-01-31 09955928 core:MotorVehicles 2024-01-31 09955928 core:OtherPropertyPlantEquipment 2024-01-31 09955928 2023-02-01 2024-01-31 09955928 2024-01-31 09955928 core:RetainedEarningsAccumulatedLosses 2024-01-31 09955928 core:ShareCapital 2024-01-31 09955928 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 09955928 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 09955928 core:Goodwill 2024-01-31 09955928 core:FurnitureFittingsToolsEquipment 2024-01-31 09955928 core:MotorVehicles 2024-01-31 09955928 core:OtherPropertyPlantEquipment 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 09955928

Croft (East Midlands) Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 January 2025

 

Croft (East Midlands) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Croft (East Midlands) Limited

(Registration number: 09955928)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

           

Fixed assets

   

 

Intangible assets

4

 

7,275

 

12,550

Tangible assets

5

 

1,954

 

2,529

   

9,229

 

15,079

Current assets

   

 

Stocks

6

51,473

 

14,616

 

Debtors

7

22,722

 

19,855

 

Cash at bank and in hand

 

10,160

 

39,722

 

 

84,355

 

74,193

 

Creditors: Amounts falling due within one year

8

(73,631)

 

(42,085)

 

Net current assets

   

10,724

 

32,108

Total assets less current liabilities

   

19,953

 

47,187

Creditors: Amounts falling due after more than one year

8

 

(2,800)

 

(8,800)

Provisions for liabilities

 

(488)

 

(632)

Net assets

   

16,665

 

37,755

Capital and reserves

   

 

Called up share capital

1

 

1

 

Profit and loss account

16,664

 

37,754

 

Total equity

   

16,665

 

37,755

 

Croft (East Midlands) Limited

(Registration number: 09955928)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 

.........................................
Mr O.D. Mynard
Director

 

Croft (East Midlands) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

These financial statements were authorised for issue by the Board on 11 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Croft (East Midlands) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

15% reducing balance

Motor Vehicles

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Franchise Fee

10% straight line

Stocks

Stocks are initially measured at cost and then amortised over their expected useful life, the value on the balance sheet is the remaining non-amortised value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Croft (East Midlands) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2024

52,750

52,750

At 31 January 2025

52,750

52,750

Amortisation

At 1 February 2024

40,200

40,200

Amortisation charge

5,275

5,275

At 31 January 2025

45,475

45,475

Carrying amount

At 31 January 2025

7,275

7,275

At 31 January 2024

12,550

12,550

 

Croft (East Midlands) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2025

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and Machinery
£

Total
£

Cost or valuation

At 1 February 2024

970

12,819

81,545

95,334

Disposals

(970)

-

(79,795)

(80,765)

At 31 January 2025

-

12,819

1,750

14,569

Depreciation

At 1 February 2024

970

10,850

80,985

92,805

Charge for the year

-

492

83

575

Eliminated on disposal

(970)

-

(79,795)

(80,765)

At 31 January 2025

-

11,342

1,273

12,615

Carrying amount

At 31 January 2025

-

1,477

477

1,954

At 31 January 2024

-

1,969

560

2,529

6

Stocks

2025
£

2024
£

Other inventories

51,473

14,616

7

Debtors

Debtors: amounts falling due within one year

2025
£

2024
£

Trade debtors

19,137

18,499

Prepayments

1,926

1,356

Other debtors

1,659

-

 

22,722

19,855

 

Croft (East Midlands) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2025

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Loans and borrowings

6,300

6,600

Trade creditors

62,087

23,830

Taxation and social security

3,994

10,370

Other creditors

1,250

1,285

73,631

42,085

Creditors: Amounts falling due after one year

Loans and borrowings

2,800

8,800