Croston Homes Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13088868

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		166		-
Tangible Assets	5		93,385		97,926

			93,551		97,926
CURRENT ASSETS
Stocks	6	679,436		437,701
Debtors	7	289,990		325,461
Cash at bank and in hand		105,787		162,322

		1,075,213		925,484
Creditors: Amounts Falling Due Within One Year	8	(774,041 )		(754,358 )

NET CURRENT ASSETS (LIABILITIES)			301,172		171,126

TOTAL ASSETS LESS CURRENT LIABILITIES			394,723		269,052

Creditors: Amounts Falling Due After More Than One Year	9		(24,176 )		-

NET ASSETS			370,547		269,052

CAPITAL AND RESERVES
Called up share capital	12		1		1
Profit and Loss Account			370,546		269,051

SHAREHOLDERS' FUNDS			370,547		269,052

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Croston Homes Ltd

Balance Sheet (continued)

As At 31 March 2025

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.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

A J Croston

Director

23 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Croston Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13088868 . The registered office is Beech Farm, Bryn Road, Alltami, Mold, CH7 6SB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets relates to a personalised vehicle registration. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on cost
Motor Vehicles	25% on net book value

2.5. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

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Croston Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Pensions

The company makes payments to the employees' defined contribution plans. Contributions are charged to the profit & loss account as they become payable in accordance with the rules of the plan.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	-
Additions	184

As at 31 March 2025	184

Amortisation
As at 1 April 2024	-
Provided during the period	18

As at 31 March 2025	18

Net Book Value
As at 31 March 2025	166

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	60,547	72,085	132,632
Additions	1,328	33,241	34,569
Disposals	(162 )	(4,765 )	(4,927 )

As at 31 March 2025	61,713	100,561	162,274

Depreciation
As at 1 April 2024	15,580	19,126	34,706
Provided during the period	15,429	20,880	36,309
Disposals	(41 )	(2,085 )	(2,126 )

As at 31 March 2025	30,968	37,921	68,889

Net Book Value
As at 31 March 2025	30,745	62,640	93,385

As at 1 April 2024	44,967	52,959	97,926

6. Stocks

	2025	2024
	£	£
Materials	4,271	3,000
Work in progress	675,165	434,701

	679,436	437,701

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Croston Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	274,076	317,721
Other debtors	15,914	7,740

	289,990	325,461

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,433	-
Trade creditors	70,727	45,200
Amounts owed to participating interests	300,035	465,670
Other creditors	337,955	203,301
Taxation and social security	59,891	40,187

	774,041	754,358

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	24,176	-

10. Secured Creditors

Of the creditors the following amounts are secured. The hire purchase contract is secured over the asset in which it relates to.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	29,609		-

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,433	-
Later than one year and not later than five years	24,176	-

	29,609	-

	29,609	-

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

13. Related Party Transactions

The director makes an interest free loan available to the company which is repayable on demand. The amount outstanding from the company at the period end was £327,822 (2024 - £173,587).

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