Registration number:
CR Payroll UK Ltd
for the Year Ended 31 December 2024
CR Payroll UK Ltd
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
CR Payroll UK Ltd
Company Information
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Director |
Mr Gerard Moloney |
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Registered office |
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Accountants |
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CR Payroll UK Ltd
Director's Report for the Year Ended 31 December 2024
The director presents his report and the financial statements for the year ended 31 December 2024.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is Other Business Support Activities
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
CR Payroll UK Ltd
for the Year Ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CR Payroll UK Ltd for the year ended 31 December 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CR Payroll UK Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CR Payroll UK Ltd and state those matters that we have agreed to state to the Board of Directors of CR Payroll UK Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CR Payroll UK Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CR Payroll UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of CR Payroll UK Ltd. You consider that CR Payroll UK Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CR Payroll UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Queensmead Road
Loudwater
Buckinghamshire
HP10 9XA
CR Payroll UK Ltd
Profit and Loss Account for the Year Ended 31 December 2024
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Note |
2024 |
2023 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit/(loss) |
- |
- |
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Profit/(loss) before tax |
- |
- |
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Profit/(loss) for the financial year |
- |
- |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
CR Payroll UK Ltd
Statement of Comprehensive Income for the Year Ended 31 December 2024
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2024 |
2023 |
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Profit/(loss) for the year |
- |
- |
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Total comprehensive income for the year |
- |
- |
CR Payroll UK Ltd
(Registration number: 13798127)
Balance Sheet as at 31 December 2024
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Note |
2024 |
2023 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Shareholders' funds |
100 |
100 |
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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CR Payroll UK Ltd
Statement of Changes in Equity for the Year Ended 31 December 2024
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Share capital |
Total |
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At 1 January 2024 |
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At 31 December 2024 |
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Share capital |
Total |
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At 1 January 2023 |
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At 31 December 2023 |
100 |
100 |
CR Payroll UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
The principal place of business is:
UNIT 9, HEBRON HOUSE
MCDONAGH JUNCTION KILKENNY
County Kilkenny
Kilkenny
R95 T91Y
Ireland
These financial statements were authorised for issue by the
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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 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
CR Payroll UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
CR Payroll UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Debtors |
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Current |
2024 |
2023 |
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Trade debtors |
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- |
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Prepayments |
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Other debtors |
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CR Payroll UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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- |
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Creditors: amounts falling due after more than one year
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Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
- |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Loans and borrowings |
Non-current loans and borrowings
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2024 |
2023 |
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Other borrowings |
- |
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Financial commitments, guarantees and contingencies |
Amounts disclosed in the balance sheet
Included in the balance sheet are contingencies of £651 (2023 - £651). Included within Other Debtors, is an amount of £651 (2023: £651) which may not be recoverable unless formal recovery action is instigated. The Directors are considering the viability of legal action.
CR Payroll UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Related party transactions |
Summary of transactions with all entities with joint control or significant interest
Included within Trade Creditors is an amount of £2,969 (2023: £10,416) which is non-interest bearing and is due on demand,
Income and receivables from related parties
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2024 |
Entities with joint control or significant influence |
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Receipt of services |
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2023 |
Entities with joint control or significant influence |
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Receipt of services |
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Expenditure with and payables to related parties
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2024 |
Entities with joint control or significant influence |
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Amounts payable to related party |
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2023 |
Entities with joint control or significant influence |
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Amounts payable to related party |
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Parent and ultimate parent undertaking |
The company's immediate parent is
CR Payroll UK Ltd
iXBRL Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Turnover/revenue |
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Cost of sales |
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Purchase of raw materials and consumables |
( |
( |
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Gross profit |
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Distribution costs |
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Administrative expenses |
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Audit and accountancy other services |
( |
( |
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Advertising, promotions and marketing costs |
( |
- |
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Other staff costs |
( |
( |
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Wages and salaries excluding directors |
( |
( |
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Bonuses excluding directors |
( |
- |
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Social security costs excluding directors |
( |
( |
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Pension costs defined contribution schemes excluding directors |
( |
( |
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Staff costs excluding directors |
( |
( |
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Consultancy costs |
( |
- |
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Travel and subsistence |
( |
( |
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Training |
( |
- |
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Bank charges |
( |
( |
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Printing, postage and stationery |
( |
- |
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Subscriptions |
( |
- |
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Other operating income |
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Other items |
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Profit/(loss) for the financial year |
- |
- |