A.T. Cronin Workshop Limited

(Registration number: 10901469)
Balance Sheet as at 31 March 2025

	Note	31.03.25		31.03.24
		£	£	£	£
FIXED ASSETS
Tangible assets	4		46,687		55,312
CURRENT ASSETS
Stocks		37,709		96,270
Debtors	5	310,809		188,632
Cash at bank and in hand		758		38,968
		349,276		323,870
CREDITORS
Creditors within 1yr	6	174,547		160,553
Net current assets			174,729		163,317
Total assets less current liabilities			221,416		218,629
Creditors Amounts falling due after more than one year	6		28,722		41,176
Net assets			192,694		177,453
CAPITAL AND RESERVES
Called up share capital			100		100
Profit and loss account			192,594		177,353
Shareholders' funds			192,694		177,453

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

A.T. Cronin Workshop Limited

(Registration number: 10901469)
Balance Sheet as at 31 March 2025 (continued)

Approved and authorised by the Board on 30 November 2025

......................................... I Block Director

A.T. Cronin Workshop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1.	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the Board on 30 November 2025.

2.	Accounting policies

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.

The presentational currency is Pound Sterling (£).

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.

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

A.T. Cronin Workshop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicle	Reducing balance 25%
Computer equiptment	Straight line over 3 years
Plant and machinery	Reducing balance 20%
Fixture and fittings	Reducing balance 12.5%

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

A.T. Cronin Workshop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3.	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 21).

4.	Tangible assets

	Motor vehicles  £	Plant and machinery £
Cost or valuation
At 1 April 2024	25,500	100,785
Additions	-	5,113
At 31 March 2025	25,500	105,898
Depreciation
At 1 April 2024	3,719	45,473
Charge for the year	5,445	13,738
At 31 March 2025	9,164	59,211
Carrying amount
At 31 March 2025	16,336	46,687
At 31 March 2024	21,781	55,312

A.T. Cronin Workshop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5.

Debtors

Current	31.03.25 £	31.03.24 £
Trade debtors	290,362	150,205
Prepayments	8,051	27,043
Other debtors	12,396	11,384
	310,809	188,632

Included in other debtors is the amount of £2,245 owed by the director, which was repaid within 9 months after the year-end.

Included in other debtors is a loan of £10,150 owed by a company under common control. No interest or repayment terms have been set.

6.

Creditors

Creditors: amounts falling due within one year

	Note	31.03.25 £	31.03.24 £
Due within one year
Loans and borrowings		30,424	11,628
Trade creditors		55,414	55,054
Taxation and social security		80,033	85,612
Accruals and deferred income		3,090	2,800
Other creditors		5,586	5,459
		174,547	160,553