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Company No: 05503558 (England and Wales)

# CROMA DECORATIONS LTD

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

CROMA DECORATIONS LTD

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

CROMA DECORATIONS LTD

## COMPANY INFORMATION

For the financial year ended 31 July 2025
CROMA DECORATIONS LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 July 2025

Director | J Rudd-Cowl

Secretary | J Rudd-Cowl

Registered office | 4a Thornhill Crescent
| Islington
| London
| N1 1BL
| United Kingdom

Company number | 05503558 (England and Wales)

Accountant | Kreston Reeves LLP
| 2nd Floor
| 168 Shoreditch High Street
| London
| E1 6RA

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CROMA DECORATIONS LTD

For the financial year ended 31 July 2025

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CROMA DECORATIONS LTD (continued)

For the financial year ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Croma Decorations Ltd for the financial year ended 31 July 2025 which comprise the Balance Sheet and the related notes 1 to 12 from the Company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Croma Decorations Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Croma Decorations Ltd. You consider that Croma Decorations Ltd is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Croma Decorations 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 financial statements.

This report is made solely to the Director of Croma Decorations Ltd, as a body, in accordance with the terms of our engagement letter dated 28 January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Croma Decorations Ltd and state those matters that we have agreed to state to the director of Croma Decorations Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Croma Decorations Ltd and its Director as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

2nd Floor
168 Shoreditch High Street
London
E1 6RA

14 October 2025

CROMA DECORATIONS LTD

## BALANCE SHEET

As at 31 July 2025
CROMA DECORATIONS LTD

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Stocks |  | 17,351 |  | 13,638
Debtors | 4 | 12,788 |  | 19,489
Cash at bank and in hand | 5 | 26,451 |  | 27,860
|  | 56,590 |  | 60,987
Creditors: amounts falling due within one year | 6 | ( 21,937) |  | ( 22,024)
Net current assets |  | 34,653 |  | 38,963
Total assets less current liabilities |  | 34,653 |  | 38,963
Creditors: amounts falling due after more than one year | 7 | ( 250) |  | ( 3,254)
Net assets |  | 34,403 |  | 35,709
Capital and reserves |  |  |  |
Called-up share capital | 8 | 40 |  | 40
Profit and loss account |  | 34,363 |  | 35,669
Total shareholder's funds |  | 34,403 |  | 35,709

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

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Croma Decorations Ltd (registered number: 05503558) were approved and authorised for issue by the Director on 14 October 2025. They were signed on its behalf by:

J Rudd-Cowl Director |

CROMA DECORATIONS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
CROMA DECORATIONS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Croma Decorations Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4a Thornhill Crescent, Islington, London, N1 1BL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment | 4 years straight line

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Office equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 August 2024 | 354 |  | 354
At 31 July 2025 | 354 |  | 354
Accumulated depreciation |  |  |
At 01 August 2024 | 354 |  | 354
At 31 July 2025 | 354 |  | 354
Net book value |  |  |
At 31 July 2025 | 0 |  | 0
At 31 July 2024 | 0 |  | 0

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 12,491 |  | 19,008
Corporation tax | 297 |  | 0
Other debtors | 0 |  | 481
| 12,788 |  | 19,489

#### 5. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 26,451 |  | 27,860

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 6,000 |  | 6,000
Amounts owed to director | 1,543 |  | 1,543
Accruals | 3,792 |  | 2,565
Corporation tax | 0 |  | 4,094
Other taxation and social security | 10,602 |  | 7,822
| 21,937 |  | 22,024

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 250 |  | 3,254

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
40 Ordinary shares of £ 1.00 each | 40 |  | 40

#### 9. Related party transactions

During the year the company paid dividends to the director, Mr J Rudd Cowl, £Nil (2024 - £850). As at 31 July 2025 the company owed £1,543 (2024 - £1,543) to Mr J Rudd-Cowl.

#### 10. Director's remuneration

| 2025 |  | 2024
| £ |  | £
Director's emoluments | 41,950 |  | 41,300

#### 11. Loans

Amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 3,000 |  | 3,000
Other loans | 3,000 |  | 3,000
| 6,000 |  | 6,000

Amounts falling due 1-2 years

| 2025 |  | 2024
| £ |  | £
Bank loans | 250 |  | 3,254

#### 12. Ultimate controlling party

The company is controlled by the director, Mr J Rudd-Cowl.