Croome Limited,Ltd - AccountsLtd - Accounts

Croome Limited,Ltd - AccountsLtd - Accounts

CROOME LIMITED - Company Information

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2019-01-01 07384339 2019-12-31 07384339 2019-01-01 2019-12-31 07384339 2018-12-31 07384339 2018-01-01 2018-12-31 07384339 uk-core:WithinOneYear 2018-12-31 07384339 uk-core:WithinOneYear 2019-12-31 07384339 uk-core:ShareCapital 2019-12-31 07384339 uk-core:ShareCapital 2018-12-31 07384339 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 07384339 uk-core:RetainedEarningsAccumulatedLosses 2018-12-31 07384339 uk-bus:Director1 2019-01-01 2019-12-31 07384339 uk-core:PlantMachinery 2019-01-01 2019-12-31 07384339 uk-core:FurnitureFittings 2019-01-01 2019-12-31 07384339 uk-core:FurnitureFittings 2018-12-31 07384339 uk-core:PlantMachinery 2018-12-31 07384339 uk-core:PlantMachinery 2019-12-31 07384339 uk-core:FurnitureFittings 2019-12-31 iso4217:GBP xbrli:pure 07384339 uk-bus:AuditExemptWithAccountantsReport 2019-01-01 2019-12-31 07384339 uk-bus:FRS102 2019-01-01 2019-12-31 07384339 uk-bus:FullAccounts 2019-01-01 2019-12-31 07384339 uk-bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31
Croome Limited
Registered Number:07384339
For the year ended 31 December 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2019
Croome Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07384339
As at 31 December 2019
Croome Limited
Statement of Financial Position
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
4,366
6,967
2
4,366
6,967
Current assets
Inventories
19,937
20,269
3
Trade and other receivables
2,924,191
2,783,093
4
101,727
Cash and cash equivalents
73,517
2,876,879
3,045,855
Trade and other payables: amounts falling due within one year
(3,076,624)
(3,028,864)
5
(30,769)
(151,985)
Net current liabilities
Total assets less current liabilities
(147,619)
(23,802)
(147,619)
Net liabilities
(23,802)
Capital and reserves
Called up share capital
50,002
50,002
Retained earnings
(197,621)
(73,804)
(147,619)
(23,802)
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr David Croome Director
These financial statements were approved and authorised for issue by the Board on 09 December 2020 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2019
Croome Limited
Notes to the Financial Statements
Statutory Information
Croome Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07384339.
Principal place of business:
Croome House
Cullet Drive
Queenborough
Kent
ME11 5JS
Registered address:
C/O Mackrell
Savoy Hill House
Savoy Hill
London
WC2R 0BU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
10% per annum on cost
10% per annum on cost
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
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 rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Going Concern
The financial statements have been prepared on a going concern basis. This basis is considered appropriate as the company has the
ongoing support of its director.
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5
For the year ended 31 December 2019
Croome Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or valuation
At 01 January 2019
26,006
1,360
24,646
At 31 December 2019
24,646
1,360
26,006
Provision for depreciation and impairment
At 01 January 2019
19,039
1,065
17,974
Charge for year
2,601
136
2,465
At 31 December 2019
21,640
1,201
20,439
At 31 December 2019
Net book value
4,207
159
4,366
At 31 December 2018
6,672
295
6,967
3. Inventories
2018
2019
£
£
Stocks
20,269
19,937
4. Trade and other receivables
2018
2019
£
£
Trade debtors
2,742,471
2,887,515
Other debtors
40,622
36,676
2,924,191
2,783,093
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
2,871,852
2,859,004
Taxation and social security
12,660
27,272
Other creditors
144,352
190,348
3,028,864
3,076,624
6. Average number of persons employed
During the year the average number of employees was 16 (2018 : 19)
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