Croftlenko Limited - Accounts to registrar (filleted) - small 18.2

Croftlenko Limited - Accounts to registrar (filleted) - small 18.2

CROFTLENKO LIMITED - Company Information

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REGISTERED NUMBER: 01153058 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

CROFTLENKO LIMITED
Carter & Coley
3 Durrant Road
Bournemouth
Dorset
BH2 6NE








CROFTLENKO LIMITED (REGISTERED NUMBER: 01153058)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

CROFTLENKO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTOR: D M Purkis



REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE



REGISTERED NUMBER: 01153058 (England and Wales)



ACCOUNTANTS: Carter & Coley
3 Durrant Road
Bournemouth
Dorset
BH2 6NE



BANKERS: National Westminster Bank
661 Christchurch Road
Boscombe
Bournemouth
Dorset
BH7 6AB
Page 1
CROFTLENKO LIMITED (REGISTERED NUMBER: 01153058)

BALANCE SHEET
31 DECEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 7,542 8,577

CURRENT ASSETS
Stocks 150,000 215,000
Debtors 4 4,736 2,434
Cash at bank and in hand 12,879 2,110
167,615 219,544
CREDITORS
Amounts falling due within one year 5 204,219 232,083
NET CURRENT LIABILITIES (36,604 ) (12,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(29,062
)
(3,962
)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (29,064 ) (3,964 )
SHAREHOLDERS' FUNDS (29,062 ) (3,962 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
CROFTLENKO LIMITED (REGISTERED NUMBER: 01153058)

BALANCE SHEET - continued
31 DECEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 20 February 2019 and were signed by:





D M Purkis - Director


The notes form part of these financial statements

Page 3
CROFTLENKO LIMITED (REGISTERED NUMBER: 01153058)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018


1. STATUTORY INFORMATION

Croftlenko Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

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

Page 4 continued...
CROFTLENKO LIMITED (REGISTERED NUMBER: 01153058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

3. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2018
and 31 December 2018 1,679 38,125 39,804
DEPRECIATION
At 1 January 2018 - 31,227 31,227
Charge for year - 1,035 1,035
At 31 December 2018 - 32,262 32,262
NET BOOK VALUE
At 31 December 2018 1,679 5,863 7,542
At 31 December 2017 1,679 6,898 8,577

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 2,140 -
Prepayments 2,596 2,434
4,736 2,434

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts - 22,692
Trade creditors 77 6,302
VAT 7,658 2,946
Directors' current accounts 192,960 196,229
Accrued expenses 3,524 3,914
204,219 232,083

Page 5 continued...
CROFTLENKO LIMITED (REGISTERED NUMBER: 01153058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


6. RELATED PARTY DISCLOSURES

The company was under the control of Mr D M Purkis throughout the current and previous years. Mr
Purkis is the managing director and owns all of the issued share capital. Mr D M Purkis has made
unsecured interest free loans to the company and at 31st December 2018 there was a balance
outstanding to him of £192,960. (2017 - £196,229).

Apart from the above, no transactions with related parties were undertaken such as are required to be
disclosed under Financial Reporting Standard 8.

Page 6
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CROFTLENKO LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain
other primary statements and the Report of the Director are not required to be filed with the
Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 December 2018 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work
has been undertaken so that we might compile the financial statements that we have been engaged to
compile, report to the company's director that we have done so, and state those matters that we have agreed
to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the company and the company's director, for our work
or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered
Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to
members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2018 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Carter & Coley
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


20 February 2019

This page does not form part of the statutory financial statements

Page 7