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REGISTERED NUMBER: 05798201 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Cresign Ltd

Cresign Ltd (Registered number: 05798201)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cresign Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: S A Fitzpatrick





REGISTERED OFFICE: 5 Woodville Road
Ipswich
Suffolk
IP4 1PA





REGISTERED NUMBER: 05798201 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Cresign Ltd (Registered number: 05798201)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,356 9,808

CURRENT ASSETS
Debtors 5 24,064 18,014
Cash at bank 385 10
24,449 18,024
CREDITORS
Amounts falling due within one year 6 26,058 18,675
NET CURRENT LIABILITIES (1,609 ) (651 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,747 9,157

CREDITORS
Amounts falling due after more than one
year

7

5,494

7,448
NET ASSETS 253 1,709

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 252 1,708
SHAREHOLDERS' FUNDS 253 1,709

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Cresign Ltd (Registered number: 05798201)

Statement of Financial Position - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





S A Fitzpatrick - Director


Cresign Ltd (Registered number: 05798201)

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

1. STATUTORY INFORMATION

Cresign Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Cresign Ltd (Registered number: 05798201)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 10,700 5,714 16,414
DEPRECIATION
At 1 January 2024 892 5,714 6,606
Charge for year 2,452 - 2,452
At 31 December 2024 3,344 5,714 9,058
NET BOOK VALUE
At 31 December 2024 7,356 - 7,356
At 31 December 2023 9,808 - 9,808

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,226
Other debtors 24,064 15,788
24,064 18,014

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,408 1,506
Trade creditors 809 1,305
Taxation and social security 22,341 15,364
Other creditors 500 500
26,058 18,675

Cresign Ltd (Registered number: 05798201)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,494 7,448

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 7,894 8,700

9. CALLED UP SHARE CAPITAL

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
S A Fitzpatrick
Balance outstanding at start of year 14,539 21,252
Amounts advanced 51,518 41,924
Amounts repaid (45,545 ) (48,637 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,512 14,539