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CROCODILE PRODUCTS LIMITED - Company Information

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Crocodile Products Limited

Registered Number:07904764

For the year ended 30 June 2021

England and Wales

Unaudited Financial Statements

Registered Number :

07904764

As at 30 June 2021

Crocodile Products Limited

Statement of Financial Position

2020

2021

Notes

Fixed assets

Property, plant and equipment

310,226

153,542

310,226

153,542

Current assets

Inventories

1,650,284

2,592,848

Trade and other receivables

307,128

1,749,595

1,062,455

Cash and cash equivalents

1,870,638

6,213,081

3,019,867

Trade and other payables: amounts falling due within one

year

(2,130,780)

(4,098,958)

889,087

2,114,123

Net current assets

Total assets less current liabilities

2,424,349

1,042,629

Trade and other payables: amounts falling due after more

than one year

(55,760)

(62,423)

(57,335)

(27,445)

Provisions for liabilities

2,304,591

Net assets

959,424

Capital and reserves

Called up share capital

200

Retained earnings

2,304,391

959,224

2,304,591

959,424

Shareholders' funds

For the year ended 30 June 2021 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 2021 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 17 February 2022 and were signed by:

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Registered Number :

07904764

For the year ended 30 June 2021

Crocodile Products Limited

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 30 June 2021

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 2021

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 2020

302,867

219,716

83,151

252,759

213,146

39,613

Additions

(26,893)

Disposals

(26,893)

At 30 June 2021

122,764

405,969

528,733

Provision for depreciation and impairment

At 01 July 2020

149,325

109,202

40,123

Charge for year

80,531

64,003

16,528

(11,349)

On disposal

At 30 June 2021

218,507

161,856

56,651

At 30 June 2021

Net book value

66,113

244,113

310,226

At 30 June 2020

43,028

110,514

153,542

3. Inventories

2020

2021

Stocks

2,592,848

1,650,284

4. Trade and other receivables

2020

2021

Trade debtors

443,139

272,062

Prepayments and accrued income

123,060

35,066

Amounts owed by directors

548,660

Other debtors

634,736

307,128

1,749,595

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For the year ended 30 June 2021

Crocodile Products Limited

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2020

2021

Bank loans and overdraft

10,000

Trade creditors

1,580,695

968,493

Taxation and social security

587,020

380,562

Accruals and deferred income

176,951

29,848

Directors' loan accounts

12,291

Obligations under HP/Financial leases

17,711

17,964

Other creditors

1,726,581

721,622

4,098,958

2,130,780

6. Trade and other payables: amounts falling due after more than one year

2020

2021

Bank loans and overdraft

39,167

50,000

5,760

23,256

Obligations under HP/Financial leases

62,423

55,760

7. Average number of persons employed

During the year the average number of employees was 54 (2020 : 52)

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