Registration number: 04551685

Cress Limited
(Registration number: 04551685)

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Cress Limited
(Registration number: 04551685)

Company Information

Director

Mr D C Holmes

Company secretary

Mr D C Holmes

Registered office

80 Guildhall Street Bury St Edmunds Suffolk IP33 1QB

Registered number

04551685

Accountants

Evolve Tax & Accountancy LLP Chartered Certified AccountantsBaythorne Hall Baythorne End Halstead Essex CO9 4AH

Cress Limited
(Registration number: 04551685)

Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	4	2,199	2,463
Current assets
Stocks	5	225,230	132,586
Debtors	6	397,079	419,683
Cash at bank and in hand		33,632	143,033
		655,941	695,302
Creditors: Amounts falling due within one year	7	(369,531)	(429,213)
Net current assets		286,410	266,089
Total assets less current liabilities		288,609	268,552
Creditors: Amounts falling due after more than one year	7	(125,000)	(125,000)
Provisions for liabilities		(418)	(468)
Net assets		163,191	143,084
Capital and Reserves
Called up share capital	8	100	100
Retained Earnings		163,091	142,984
Shareholders' funds		163,191	143,084

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Cress Limited
(Registration number: 04551685)

Balance Sheet as at 31 October 2025

Approved and authorised by the director on 29 May 2026
 

......................................... Mr D C Holmes Company secretary and director

Cress Limited
(Registration number: 04551685)

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

1	General information

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

The address of its registered office is:
80 Guildhall Street
Bury St Edmunds
Suffolk
IP33 1QB

These financial statements were authorised for issue by the director on 29 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

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.

Tax

The tax expense for the period comprises current and deferred 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.

Cress Limited
(Registration number: 04551685)

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

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 is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Plant and equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cress Limited
(Registration number: 04551685)

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

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.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2024 - 9).

Cress Limited
(Registration number: 04551685)

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

4	Tangible Assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	20,191	20,191
Additions	487	487
At 31 October 2025	20,678	20,678
Depreciation
At 1 November 2024	17,728	17,728
Charge for the year	751	751
At 31 October 2025	18,479	18,479
Carrying amount
At 31 October 2025	2,199	2,199
At 31 October 2024	2,463	2,463

5

Stocks

	2025 £	2024 £
Finished goods and goods for resale	225,230	132,586

Cress Limited
(Registration number: 04551685)

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

6

Debtors

	Note	2025 £	2024 £
Trade Debtors		317,801	327,353
Amounts owed by related parties		75,042	91,363
Other debtors		500	-
Prepayments		3,736	967
		397,079	419,683

The directors have reviewed trade debtors for impairment and consider the impairment losses to be provided for the year are £Nil (2024 - £Nil)

All amounts are due within one year.

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	10,001	20,001
Trade Creditors		304,274	372,552
Taxation and social security		49,503	29,357
Accruals and deferred income		3,735	5,256
Other creditors		2,018	2,047
		369,531	429,213

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	125,000	125,000

Cress Limited
(Registration number: 04551685)

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

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,001	20,001

10	Parent and ultimate parent undertaking

The company's immediate parent is D C & A H Holmes Ltd, incorporated in England.