Cronos Internet Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08098201 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

CRONOS INTERNET LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L J Christie

O D North

Mrs L M Christie

Ms C I Lewis

REGISTERED OFFICE:

2nd Floor Offices

26-28 West Street

Market Square

Rochford

Essex

SS4 1AJ

REGISTERED NUMBER:

08098201 (England and Wales)

ACCOUNTANTS:

Howard & Stapleton

2nd Floor Offices

26-28 West Street

Market Square

Rochford

Essex

SS4 1AJ

FIXED ASSETS

Tangible assets

4

225,817

315,125

CURRENT ASSETS

Debtors

5

456,542

249,246

Cash at bank

650,935

467,748

1,107,477

716,994

CREDITORS

Amounts falling due within one year

6

294,767

426,892

NET CURRENT ASSETS

812,710

290,102

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,038,527

605,227

PROVISIONS FOR LIABILITIES

50,823

71,913

NET ASSETS

987,704

533,314

CAPITAL AND RESERVES

Called up share capital

7

3

Retained earnings

987,701

533,311

SHAREHOLDERS' FUNDS

987,704

533,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

L J Christie - Director

O D North - Director

1.	STATUTORY INFORMATION

Cronos Internet Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the total net amounts receivable by the company for goods and services supplied during the year in the normal course of its business, after deducting trade discounts and value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on cost

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

Totals

£

COST

At 1 July 2024

193,980

1,568,315

1,762,295

Additions

20,626

-

20,626

At 30 June 2025

214,606

1,568,315

1,782,921

DEPRECIATION

At 1 July 2024

146,179

1,300,991

1,447,170

Charge for year

20,826

89,108

109,934

At 30 June 2025

167,005

1,390,099

1,557,104

NET BOOK VALUE

At 30 June 2025

47,601

178,216

225,817

At 30 June 2024

47,801

267,324

315,125

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade debtors

301,560

168,989

Other debtors

16,942

Prepayments and accrued income

138,040

63,315

456,542

249,246

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade creditors

1,757

1,738

Corporation tax

172,553

137,474

VAT

85,663

89,680

Other creditors

34,586

32,792

Directors' current accounts

208

165,208

294,767

426,892

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

3

Ordinary

£1

3

8.	ULTIMATE CONTROLLING PARTY

The company is not controlled by any single person.