Critchlow And Associates Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09982225 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Critchlow And Associates Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G H J Critchlow

Ms L V Ivimy

Miss A E King

SECRETARY:

Ms L V Ivimy

REGISTERED OFFICE:

22-24 Red Lion Court

London

London

EC4A 3EB

REGISTERED NUMBER:

09982225 (England and Wales)

ACCOUNTANTS:

ah partnership

Chartered Accountants

Stanley House

49 Dartford Road

Sevenoaks

Kent

TN13 3TE

FIXED ASSETS

Tangible assets

4

8,643

10,004

CURRENT ASSETS

Work in progress

198,832

291,437

Debtors

5

413,931

305,730

Cash at bank

207,089

247,687

819,852

844,854

CREDITORS

Amounts falling due within one year

6

293,063

228,646

NET CURRENT ASSETS

526,789

616,208

TOTAL ASSETS LESS CURRENT LIABILITIES

535,432

626,212

PROVISIONS FOR LIABILITIES

957

125,096

NET ASSETS

534,475

501,116

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

19,999

19,999

Retained earnings

514,376

481,017

534,475

501,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:

Miss A E King - Director

1.	STATUTORY INFORMATION

Critchlow And Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2022

26,978

Additions

1,520

At 31 May 2023

28,498

DEPRECIATION

At 1 June 2022

16,974

Charge for year

2,881

At 31 May 2023

19,855

NET BOOK VALUE

At 31 May 2023

8,643

At 31 May 2022

10,004

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

325,198

239,253

Amounts owed by group undertakings

2,000

-

Other debtors

86,733

66,477

413,931

305,730

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

201,182

116,277

Taxation and social security

83,387

97,562

Other creditors

8,494

14,807

293,063

228,646

7.	RELATED PARTY DISCLOSURES

During the year the company paid £16,500 to Costigan King LLP, a business under joint control. At the year end there was a loan balance due from Costigan King LLP of £2,000 included within debtors.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

The ultimate controlling party is the directors.