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Company Registration No. 14424054 (England and Wales)
Credphone Limited Unaudited accounts for the year ended 31 October 2024
Credphone Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Credphone Limited Company Information for the year ended 31 October 2024
Director
Edson De Sales
Company Number
14424054 (England and Wales)
- 3 -
Credphone Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
9,718 
- 
Investments
5
133,036 
133,036 
142,754 
133,036 
Current assets
Inventories
182,500 
- 
Debtors
6
92,622 
- 
Cash at bank and in hand
327,954 
4,623 
603,076 
4,623 
Creditors: amounts falling due within one year
7
(316,490)
(128,672)
Net current assets/(liabilities)
286,586 
(124,049)
Total assets less current liabilities
429,340 
8,987 
Creditors: amounts falling due after more than one year
8
(391,181)
- 
Net assets
38,159 
8,987 
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
33,159 
3,987 
Shareholders' funds
38,159 
8,987 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 August 2025 and were signed on its behalf by
Edson De Sales Director Company Registration No. 14424054
- 4 -
Credphone Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Credphone Limited is a private company, limited by shares, registered in England and Wales, registration number 14424054.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Straight-20%
Computer equipment
Straight-20%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
- 
- 
- 
Additions
5,847 
6,300 
12,147 
At 31 October 2024
5,847 
6,300 
12,147 
Depreciation
Charge for the year
1,169 
1,260 
2,429 
At 31 October 2024
1,169 
1,260 
2,429 
Net book value
At 31 October 2024
4,678 
5,040 
9,718 
- 5 -
Credphone Limited Notes to the Accounts for the year ended 31 October 2024
5
Investments
Other investments 
£ 
Valuation at 1 November 2023
133,036 
Valuation at 31 October 2024
133,036 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
56,822 
- 
Other debtors
35,800 
- 
92,622 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,154 
- 
Trade creditors
246,880 
- 
Taxes and social security
4,564 
935 
Other creditors
- 
75,443 
Loans from directors
62,892 
52,294 
316,490 
128,672 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
391,181 
- 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -