Company Registration No. 09982225 (England and Wales)
Critchlow and Associates Limited
Unaudited accounts
for the year ended 31 May 2019
Critchlow and Associates Limited
Unaudited accounts
Contents
Critchlow and Associates Limited
Company Information
for the year ended 31 May 2019
Directors
Dr. GHJ Critchlow
AE King
GD Miller
Company Number
09982225 (England and Wales)
Registered Office
22 - 24 Red Lion Court
London
EC4A 3EB
Accountants
KJK Associates Ltd
21 East Street
Bromley
Kent
BR1 1QE
Critchlow and Associates Limited
Statement of financial position
as at 31 May 2019
Tangible assets
8,115
8,553
Inventories
143,152
136,539
Cash at bank and in hand
14,377
17,840
Creditors: amounts falling due within one year
(177,088)
(165,560)
Net current assets
183,972
207,686
Total assets less current liabilities
192,087
216,239
Creditors: amounts falling due after more than one year
(89,550)
(105,000)
Net assets
102,537
111,239
Called up share capital
100
1
Share premium
19,999
19,999
Profit and loss account
82,438
91,239
Shareholders' funds
102,537
111,239
For the year ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 September 2019.
Dr. GHJ Critchlow
Director
Company Registration No. 09982225
Critchlow and Associates Limited
Notes to the Accounts
for the year ended 31 May 2019
Critchlow and Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 09982225. The registered office is 22 - 24 Red Lion Court, London, EC4A 3EB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Work in progress has been valued at the lower of cost and estimated recoverable fees.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Critchlow and Associates Limited
Notes to the Accounts
for the year ended 31 May 2019
4
Tangible fixed assets
Plant & machinery
Work in progress
143,152
136,539
Trade debtors
196,902
197,013
Accrued income and prepayments
1,296
7,974
Other debtors
5,333
13,880
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
102,939
67,335
Taxes and social security
40,572
60,024
Other creditors
1,267
3,058
Loans from directors
22,310
25,143
8
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
89,550
105,000
Critchlow and Associates Limited
Notes to the Accounts
for the year ended 31 May 2019
9
Operating lease commitments
2019
2018
At 31 May 2019 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
29,333
-
10
Average number of employees
During the year the average number of employees was 7 (2018: 9).
