Crowding Bricks Limited Filleted accounts for Companies House (small and micro)

CROWDING BRICKS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 09380583

CROWDING BRICKS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2020

CROWDING BRICKS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2020

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

CROWDING BRICKS LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	R Slabbert
	C J Scorer

Registered office	168 Church Road
	Hove
	East Sussex
	BN3 2DL

Accountants	UHY Hacker Young
	Chartered accountants
	168 Church Road
	Hove
	BN3 2DL

CROWDING BRICKS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2020

	2020		2019
Note	£	£	£

Current assets

Debtors	5	4,032	1
Cash at bank and in hand		4,128	–
		-------	----
		8,160	1

Creditors: amounts falling due within one year	6	17,101		–
		---------		----
Net current (liabilities)/assets			( 8,941)	1
			-------	----
Total assets less current liabilities			( 8,941)	1
			-------	----
Net (liabilities)/assets			( 8,941)	1
			-------	----

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 8,942)	–
	-------	----
Shareholders (deficit)/funds	( 8,941)	1
	-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CROWDING BRICKS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2020

These financial statements were approved by the board of directors and authorised for issue on 7 January 2021 , and are signed on behalf of the board by:

R Slabbert

Director

Company registration number: 09380583

CROWDING BRICKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

On 11th March 2020, the World Health Organisation declared the outbreak of COVID-19 a pandemic. As a result of this, restrictions were placed on businesses in the United Kingdom. This has had an impact on the operations of the company. The directors expect the vast majority of this impact to be temporary. The company has successfully applied for financial support from the UK government in the form of the Coronavirus Job Retention Scheme.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant judgements have had to be made by the directors in preparing these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy).

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2019: Nil).

5. Debtors

	2020	2019
	£	£
Trade debtors	4,031	–
Other debtors	1	1
	-------	----
	4,032	1
	-------	----

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	270	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10,350	–
Social security and other taxes	2,050	–
Amounts due to connected companies	3,131	–
Other creditors	1,300	–
	---------	----
	17,101	–
	---------	----