Crabtree & Crabtree (Newington) Limited Filleted accounts for Companies House (small and micro)

CRABTREE & CRABTREE (NEWINGTON) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08999318

Crabtree & Crabtree (Newington) Limited

Filleted Unaudited Financial Statements

30 April 2021

Crabtree & Crabtree (Newington) Limited

Financial Statements

Year ended 30 April 2021

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Crabtree & Crabtree (Newington) Limited

Statement of Financial Position

30 April 2021

	2021		2020
Note	£	£	£

Current assets

Debtors	5	456,220	507,045
Cash at bank and in hand		16,636	1,324
		---------	---------
		472,856	508,369

Creditors: amounts falling due within one year	6	51,965		77,980
		---------		---------
Net current assets			420,891	430,389
			---------	---------
Total assets less current liabilities			420,891	430,389
			---------	---------
Net assets			420,891	430,389
			---------	---------

Capital and reserves

Called up share capital	90	90
Profit and loss account	420,801	430,299
	---------	---------
Shareholders funds	420,891	430,389
	---------	---------

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 income statement has not been delivered.

For the year ending 30 April 2021 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 .

These financial statements were approved by the board of directors and authorised for issue on 26 January 2022 , and are signed on behalf of the board by:

Mr J R Brett

Director

Company registration number: 08999318

Crabtree & Crabtree (Newington) Limited

Notes to the Financial Statements

Year ended 30 April 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, CT1 3DN, Kent.

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

After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for at least one year from the date of the financial information. For these reasons they continue to adopt the going concern basis in preparing the company's financial information. The directors have undertaken specific analysis into the potential business impact of COVID-19 on costs and revenues and how these might also be managed and mitigated. The directors are satisfied that the review showed no material risks to the business and conclude the financial statements should continue to be prepared on a going concern basis.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recorded in the profit and loss account in other administrative expenses. Loans and borrowings are recorded at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is recorded at present value.

4. Employee numbers

The average number of persons employed by the company during the year, including the directors, amounted to 5 (2020: 5).

5. Debtors

	2021	2020
	£	£
Trade debtors	–	2,055
Other debtors	456,220	504,990
	---------	---------
	456,220	507,045
	---------	---------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	540	2,055
Other creditors	51,425	75,925
	--------	--------
	51,965	77,980
	--------	--------

7. Related party transactions

At the year end the company owed £48,345 to connected parties (2020: £72,845). At the year end the company was owed £456,130 from connected parties (2020: £504,990).