COMPANY REGISTRATION NUMBER:
02900480
|
JAMES CROWTHER FABRICS LIMITED |
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
JAMES CROWTHER FABRICS LIMITED |
|
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STATEMENT OF FINANCIAL POSITION (continued) |
|
31 October 2025
|
31 Oct 25 |
31 Jan 25 |
|
Note |
£ |
£ |
£ |
£ |
|
|
|
|
|
CAPITAL AND RESERVES
|
Called up share capital |
|
2,000 |
|
2,000 |
|
Profit and loss account |
|
22,624 |
|
90,465 |
|
|
--------- |
|
--------- |
|
SHAREHOLDER FUNDS |
|
24,624 |
|
92,465 |
|
|
--------- |
|
--------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
27 November 2025
, and are signed on behalf of the board by:
|
Mr J. W. Crowther |
|
Director |
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Company registration number:
02900480
|
JAMES CROWTHER FABRICS LIMITED |
|
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NOTES TO THE FINANCIAL STATEMENTS |
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PERIOD FROM 1 FEBRUARY 2025 TO 31 OCTOBER 2025
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 36 Cross Lane, Stocksmoor, Huddersfield, West Yorkshire, HD4 6XH.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The Company ceased trading on the 31 January 2025 and all assets and liabilities have been included at their realisable value. The Company's affairs will be wound up in the coming months.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.
Current and deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures & fittings |
- |
10% reducing balance |
|
|
|
|
All assets have been sold.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to
1
(2025:
1
).
5.
DEBTORS
|
31 Oct 25 |
31 Jan 25 |
|
£ |
£ |
|
Trade debtors |
– |
105,969 |
|
Other debtors |
26,624 |
451 |
|
--------- |
---------- |
|
26,624 |
106,420 |
|
--------- |
---------- |
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|
|
6.
CREDITORS:
amounts falling due within one year
|
31 Oct 25 |
31 Jan 25 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
13,989 |
|
Trade creditors |
– |
2,349 |
|
Corporation tax |
– |
10,814 |
|
Social security and other taxes |
– |
3,005 |
|
Other creditors |
2,000 |
16,926 |
|
------- |
--------- |
|
2,000 |
47,083 |
|
------- |
--------- |
|
|
|
7.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the director had an unsecured interest free loan with the company.
8.
RELATED PARTY TRANSACTIONS
The company operated from buildings owned by the director for which no rent has been paid.