Crunch Accounting Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06456957

CRUNCH ACCOUNTING LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

CRUNCH ACCOUNTING LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	6	106,316	116,894
Cash at bank and in hand		5,156	1,392
		----------	----------
		111,472	118,286

Creditors: amounts falling due within one year	7	110,939		87,672
		----------		----------
Net current assets			533	30,614
			----	---------
Total assets less current liabilities			533	30,614
			----	---------
Net assets			533	30,614
			----	---------

Capital and reserves

Called up share capital	450	450
Profit and loss account	83	30,164
	----	---------
Shareholders funds	533	30,614
	----	---------

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 comprehensive income has not been delivered.

For the 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 financial statements for the year 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 .

CRUNCH ACCOUNTING LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

L Watkinson

Director

Company registration number: 06456957

CRUNCH ACCOUNTING LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 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 The Knoll Business Centre, 325-327 Old Shoreham Road, Hove, East Sussex, BN3 7GS, England.

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.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Going concern

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future as they have received confirmation that E-Crunch Limited (a related party which refers all sales to the company) will continue to support the Company from 12 months of the date of approval of these financial statements. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Cash at bank

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of turnover can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.

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. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 34 (2024: 28 ).

5. Other financial commitments

There is a cross guarantee and debenture between Crunch Academy Ltd, Crunch Accounting Ltd and Crunch Umbrella Ltd dated 24 May 2018 over a loan E-Crunch Ltd, a company related by common shareholders with significant influence, during the year received from Barclays Bank PLC.

The loan was repaid during the year ended 31st March 2025. The final payment was completed on 24th January 2025.

6. Debtors

	2025	2024
	£	£
Other debtors	106,316	116,894
	----------	----------

Amounts due from related parties in other debtors are unsecured, interest free and repayable on demand.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	3,313	2,798
Social security and other taxes	97,142	76,271
Other creditors	10,484	8,603
	----------	---------
	110,939	87,672
	----------	---------

8. Related party transactions

During the year the Company made sales of £1,565,292 (2024: £1,202,302) in respect of accounting support to E-Crunch Ltd, a company related by common shareholders with significant influence. The Company was also charged £180,000 (2024: £180,000) for office rental. At the year end, a net balance of £84,893 is included in debtors (2024: £105,671). As at 31 March 2025 the Company was owed £7,368 (2024: £7,368) by Crunch Umbrella Ltd, a related party by virtue of common directorship during the year. As at 31 March 2025 the Company was owed £3,854 (2024: £3,854) by Crunch Academy Ltd, a related party by virtue of common directorship during the year.

9. Controlling party

Given the shareholding in the Company, the directors do not consider there to be a single controlling party.