Company No: 05503558 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

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

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

	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

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.