Crocodile Products Limited,Ltd - AccountsLtd - Accounts

Crocodile Products Limited,Ltd - AccountsLtd - Accounts

CROCODILE PRODUCTS LIMITED - Company Information

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2019-07-01 07904764 2020-06-30 07904764 2019-07-01 2020-06-30 07904764 2019-06-30 07904764 2018-07-01 2019-06-30 07904764 uk-core:WithinOneYear 2019-06-30 07904764 uk-core:WithinOneYear 2020-06-30 07904764 uk-core:AfterOneYear 2019-06-30 07904764 uk-core:AfterOneYear 2020-06-30 07904764 uk-core:ShareCapital 2020-06-30 07904764 uk-core:ShareCapital 2019-06-30 07904764 uk-core:RetainedEarningsAccumulatedLosses 2020-06-30 07904764 uk-core:RetainedEarningsAccumulatedLosses 2019-06-30 07904764 uk-bus:Director1 2019-07-01 2020-06-30 07904764 uk-core:FurnitureFittingsToolsEquipment 2019-07-01 2020-06-30 07904764 uk-core:CommercialMotorVehicles 2019-07-01 2020-06-30 07904764 uk-core:CommercialMotorVehicles 2019-06-30 07904764 uk-core:FurnitureFittingsToolsEquipment 2019-06-30 07904764 uk-core:FurnitureFittingsToolsEquipment 2020-06-30 07904764 uk-core:CommercialMotorVehicles 2020-06-30 07904764 uk-core:AfterOneYear uk-core:Secured 2020-06-30 07904764 uk-core:AfterOneYear uk-core:Secured 2019-06-30 iso4217:GBP xbrli:pure 07904764 uk-bus:AuditExemptWithAccountantsReport 2019-07-01 2020-06-30 07904764 uk-bus:FRS102 2019-07-01 2020-06-30 07904764 uk-bus:FullAccounts 2019-07-01 2020-06-30 07904764 uk-bus:PrivateLimitedCompanyLtd 2019-07-01 2020-06-30
Crocodile Products Limited
Registered Number:07904764
For the year ended 30 June 2020
England and Wales
Unaudited Financial Statements
2
Registered Number :
07904764
As at 30 June 2020
Crocodile Products Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
153,542
156,887
2
153,542
156,887
Current assets
Inventories
1,453,813
1,650,284
3
Trade and other receivables
613,721
307,128
4
346,800
Cash and cash equivalents
1,062,455
3,019,867
2,414,334
Trade and other payables: amounts falling due within one
year
(1,726,742)
(2,130,780)
5
687,592
889,087
Net current assets
Total assets less current liabilities
1,042,629
844,479
Trade and other payables: amounts falling due after more
than one year
(16,508)
(55,760)
6
(27,445)
(27,990)
Provisions for liabilities
959,424
Net assets
799,981
Capital and reserves
Called up share capital
200
200
Retained earnings
959,224
799,781
959,424
799,981
Shareholders' funds
For the year ended 30 June 2020 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 30 June 2020 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.
B J North Director
These financial statements were approved and authorised for issue by the Board on 27 January 2021 and were signed by:
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3
Registered Number :
07904764
For the year ended 30 June 2020
Crocodile Products Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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4
For the year ended 30 June 2020
Crocodile Products Limited
Notes to the Financial Statements
Statutory Information
Crocodile Products Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07904764.
Registered address:
Spring Garden Mill
New Street
Milnsbridge
Huddersfield
HD3 4LN
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, 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
20% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 30 June 2020
Crocodile Products Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 July 2019
262,403
192,759
69,644
48,097
34,590
13,507
Additions
(7,633)
-
Disposals
(7,633)
At 30 June 2020
83,151
219,716
302,867
Provision for depreciation and impairment
At 01 July 2019
105,516
76,152
29,364
Charge for year
47,597
36,838
10,759
(3,788)
(3,788)
-
On disposal
At 30 June 2020
149,325
109,202
40,123
At 30 June 2020
Net book value
43,028
110,514
153,542
At 30 June 2019
40,280
116,607
156,887
3. Inventories
2019
2020
£
£
Stocks
1,650,284
1,453,813
4. Trade and other receivables
2019
2020
£
£
Trade debtors
272,062
194,857
Prepayments and accrued income
35,066
160,230
Amounts owed by directors
-
18,134
Other debtors
-
240,500
613,721
307,128
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For the year ended 30 June 2020
Crocodile Products Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
968,493
868,279
Taxation and social security
380,562
199,814
Accruals and deferred income
29,848
5,750
Directors' loan accounts
12,291
-
Obligations under HP/Financial leases
17,964
28,870
Other creditors
721,622
624,029
2,130,780
1,726,742
6. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft
50,000
-
16,508
5,760
Obligations under HP/Financial leases
55,760
16,508
7. Average number of persons employed
During the year the average number of employees was 56 (2019 : 61)
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