| Crete Shipping Limited |
| Notes to the Accounts |
| for the year ended 30 June 2025 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
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Average number of persons employed by the company |
- |
|
- |
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| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 July 2024 |
33,061 |
|
At 30 June 2025 |
33,061 |
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Amortisation |
|
At 1 July 2024 |
33,061 |
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At 30 June 2025 |
33,061 |
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Net book value |
|
At 30 June 2025 |
- |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
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| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
24,458 |
|
24,458 |
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| 5 |
Other information |
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Crete Shipping Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Hanson Yard Beacon Hill Industrial Estate |
|
Botany Way |
|
Purfleet |
|
Essex |
|
RM19 1SR |