7 false false false false false false false false false false true false false false false false false No description of principal activity 2024-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 76,770 10,179 86,949 48,884 8,624 57,508 29,441 27,886 xbrli:pure xbrli:shares iso4217:GBP 04029418 2024-07-01 2025-06-30 04029418 2025-06-30 04029418 2024-06-30 04029418 2023-07-01 2024-06-30 04029418 2024-06-30 04029418 2023-06-30 04029418 core:FurnitureFittings 2024-07-01 2025-06-30 04029418 bus:Director1 2024-07-01 2025-06-30 04029418 core:FurnitureFittings 2024-06-30 04029418 core:FurnitureFittings 2025-06-30 04029418 core:WithinOneYear 2025-06-30 04029418 core:WithinOneYear 2024-06-30 04029418 core:ShareCapital 2025-06-30 04029418 core:ShareCapital 2024-06-30 04029418 core:RetainedEarningsAccumulatedLosses 2025-06-30 04029418 core:RetainedEarningsAccumulatedLosses 2024-06-30 04029418 core:FurnitureFittings 2024-06-30 04029418 bus:SmallEntities 2024-07-01 2025-06-30 04029418 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 04029418 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 04029418 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 04029418 bus:FullAccounts 2024-07-01 2025-06-30
COMPANY REGISTRATION NUMBER: 04029418
Credica Limited
Filleted Unaudited Financial Statements
30 June 2025
Credica Limited
Statement of Financial Position
30 June 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
29,441
27,886
Current assets
Debtors
6
197,450
119,398
Cash at bank and in hand
426,585
445,417
---------
---------
624,035
564,815
Creditors: amounts falling due within one year
7
421,755
377,516
---------
---------
Net current assets
202,280
187,299
---------
---------
Total assets less current liabilities
231,721
215,185
---------
---------
Net assets
231,721
215,185
---------
---------
Capital and reserves
Called up share capital
500
500
Profit and loss account
231,221
214,685
---------
---------
Shareholders funds
231,721
215,185
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Credica Limited
Statement of Financial Position (continued)
30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
Mr I McFee
Director
Company registration number: 04029418
Credica Limited
Notes to the Financial Statements
Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Harwell Innovation Centre Building 173, Curie Avenue, Harwell Oxford, Didcot, Oxfordshire, OX11 0QG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
15% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 5 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 July 2024
76,770
76,770
Additions
10,179
10,179
--------
--------
At 30 June 2025
86,949
86,949
--------
--------
Depreciation
At 1 July 2024
48,884
48,884
Charge for the year
8,624
8,624
--------
--------
At 30 June 2025
57,508
57,508
--------
--------
Carrying amount
At 30 June 2025
29,441
29,441
--------
--------
At 30 June 2024
27,886
27,886
--------
--------
6. Debtors
2025
2024
£
£
Trade debtors
191,032
112,198
Other debtors
6,418
7,200
---------
---------
197,450
119,398
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
21,188
20,839
Corporation tax
98,020
117,027
Social security and other taxes
12,872
11,681
Other creditors
289,675
227,969
---------
---------
421,755
377,516
---------
---------
8. Related party transactions
The company was under the control of its parent company, Revitalise Solutions Limited throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under Section 1A of FRS102.
9. Controlling party
The Company's parent company and ultimate controlling party is Revitalise Solutions Limited, a company incorporated in England and Wales. Revitalise Solutions Limited is not considered to be under the control of any one individual.