Company Registration No. 04258882 (England and Wales)
CRICKMAY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021
PAGES FOR FILING WITH REGISTRAR
CRICKMAY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
CRICKMAY LIMITED
BALANCE SHEET
Richard Place Dobson page 1
2021
2020
Notes
£
£
£
£
Fixed assets
Intangible assets
3
225,000
250,000
Tangible assets
4
12,812
16,708
237,812
266,708
Current assets
Debtors
5
157,313
56,725
Cash at bank and in hand
219,311
110,137
376,624
166,862
Creditors: amounts falling due within one year
6
(217,651)
(169,235)
Net current assets/(liabilities)
158,973
(2,373)
Total assets less current liabilities
396,785
264,335
Creditors: amounts falling due after more than one year
7
(44,861)
Provisions for liabilities
(2,433)
(3,173)
Net assets
349,491
261,162
Capital and reserves
Called up share capital
8
80
100
Capital redemption reserve
20
Profit and loss reserves
349,391
261,062
Total equity
349,491
261,162
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
CRICKMAY LIMITED
BALANCE SHEET (CONTINUED)
Richard Place Dobson page 2
The financial statements were approved by the board of directors and authorised for issue on 12 November 2021 and are signed on its behalf by:
Mr J Mack
Director
Company Registration No. 04258882
CRICKMAY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2021
Richard Place Dobson page 3
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 June 2019
100
245,489
245,589
Year ended 31 May 2020:
Profit and total comprehensive income for the year
-
-
139,307
139,307
Dividends
-
-
(123,734)
(123,734)
Balance at 31 May 2020
100
261,062
261,162
Year ended 31 May 2021:
Profit and total comprehensive income for the year
-
-
239,057
239,057
Dividends
-
-
(115,728)
(115,728)
Own shares acquired
-
-
(35,000)
(35,000)
Redemption of shares
8
20
20
Reduction of shares
8
(20)
-
(20)
Balance at 31 May 2021
80
20
349,391
349,491
CRICKMAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021
Richard Place Dobson page 4
1
Accounting policies
Company information
Crickmay Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
22 London Road, Horsham, West Sussex, RH12 1AY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that
it is probable will be
recover
ed
.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated
amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is either 20 or 5 years.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% Reducing balance
Computer equipment
25% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the
company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
CRICKMAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2021
1
Accounting policies
(Continued)
Richard Place Dobson page 5
1.6
Cash at bank and in hand
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include
debtors
and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including
creditors
, bank loans
that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities.
Trade creditors
are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
CRICKMAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2021
1
Accounting policies
(Continued)
Richard Place Dobson page 6
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those which they are include in the financial statements.
Deferred tax assets are recognised to the extent that it is regarded as more than likely than not they will be recovered. Deferred tax assets and liabilities are not discounted.
1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or
fixed assets
.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.11
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease
s
asset are consumed.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
1.13
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met
. Where a
grant does not specify performance conditions
it
is recognised in income when the proceeds are received or receivable
. A grant received before the recognition criteria are satisfied is recognised as a liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
18
18
CRICKMAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2021
Richard Place Dobson page 7
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2020 and 31 May 2021
567,500
Amortisation and impairment
At 1 June 2020
317,500
Amortisation charged for the year
25,000
At 31 May 2021
342,500
Carrying amount
At 31 May 2021
225,000
At 31 May 2020
250,000
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2020
55,053
Additions
374
At 31 May 2021
55,427
Depreciation and impairment
At 1 June 2020
38,345
Depreciation charged in the year
4,270
At 31 May 2021
42,615
Carrying amount
At 31 May 2021
12,812
At 31 May 2020
16,708
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
91,880
43,183
Other debtors
65,433
13,542
157,313
56,725
CRICKMAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2021
Richard Place Dobson page 8
6
Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans
5,139
Trade creditors
63,131
39,907
Taxation and social security
143,786
113,128
Other creditors
5,595
16,200
217,651
169,235
7
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
44,861
The bank loan has been made under the Coronavirus Bounce Back Loan Scheme, which is 100% guaranteed by the government. Interest is charged at a fixed annual rate of 2.5%. Interest for the first 12 months is paid by the government and no capital repayments are due for the first 12 months.
Creditors which fall due after five years are as follows:
2021
2020
£
£
Payable by instalments
4,105
-
8
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and fully paid
20 A Ordinary shares of £1 each
20
20
20 B Ordinary shares of £1 each
-
20
20 C Ordinary shares of £1 each
20
20
20 D Ordinary shares of £1 each
20
20
20 E Ordinary shares of £1 each
20
20
80
100
During the year the company bought back the 20 Ordinary B class £1 shares, £35,000 was paid by the company for these shares out of distributable reserves.
CRICKMAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2021
Richard Place Dobson page 9
9
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2021
2020
£
£
35,000
40,000
10
Impact of Coronavirus (Covid-19)
As a direct consequence of the Coronavirus (COVID-19)
the company has followed the government guidelines and lockdown procedures, opening for business when possible.
T
he directors believe they have sufficient ongoing
work
to sustain the company for at least the next 12 months
but
i
t has not been possible to quantify or ascertain with any certainty the financial impact of COVID-19, therefore no adjustments have been made to any figures in the accounts as a result of the pandemic.
2021-05-31
2020-06-01
false
16 November 2021
CCH Software
CCH Accounts Production 2021.300
No description of principal activity
Mr T M Hucker
Mr A H Walker
Mr G A Hall
Mr H B McShane
Mr J Mack
04258882
2020-06-01
2021-05-31
04258882
2021-05-31
04258882
core:NetGoodwill
2021-05-31
04258882
core:NetGoodwill
2020-05-31
04258882
2019-06-01
2020-05-31
04258882
2020-05-31
04258882
core:OtherPropertyPlantEquipment
2021-05-31
04258882
core:OtherPropertyPlantEquipment
2020-05-31
04258882
core:CurrentFinancialInstruments
core:WithinOneYear
2021-05-31
04258882
core:CurrentFinancialInstruments
core:WithinOneYear
2020-05-31
04258882
core:Non-currentFinancialInstruments
core:AfterOneYear
2021-05-31
04258882
core:Non-currentFinancialInstruments
core:AfterOneYear
2020-05-31
04258882
core:CurrentFinancialInstruments
2021-05-31
04258882
core:CurrentFinancialInstruments
2020-05-31
04258882
core:ShareCapital
2021-05-31
04258882
core:ShareCapital
2020-05-31
04258882
core:CapitalRedemptionReserve
2021-05-31
04258882
core:CapitalRedemptionReserve
2020-05-31
04258882
core:RetainedEarningsAccumulatedLosses
2021-05-31
04258882
core:RetainedEarningsAccumulatedLosses
2020-05-31
04258882
core:ShareCapital
2019-05-31
04258882
core:CapitalRedemptionReserve
core:RestatedAmount
2019-05-31
04258882
core:RetainedEarningsAccumulatedLosses
2019-05-31
04258882
2019-05-31
04258882
core:ShareCapitalOrdinaryShares
2021-05-31
04258882
core:ShareCapitalOrdinaryShares
2020-05-31
04258882
bus:Director5
2020-06-01
2021-05-31
04258882
core:RetainedEarningsAccumulatedLosses
2019-06-01
2020-05-31
04258882
core:RetainedEarningsAccumulatedLosses
2020-06-01
2021-05-31
04258882
core:ShareCapital
2020-06-01
2021-05-31
04258882
core:Goodwill
2020-06-01
2021-05-31
04258882
core:FurnitureFittings
2020-06-01
2021-05-31
04258882
core:ComputerEquipment
2020-06-01
2021-05-31
04258882
core:NetGoodwill
2020-05-31
04258882
core:NetGoodwill
2020-06-01
2021-05-31
04258882
core:OtherPropertyPlantEquipment
2020-05-31
04258882
core:OtherPropertyPlantEquipment
2020-06-01
2021-05-31
04258882
core:WithinOneYear
2021-05-31
04258882
core:WithinOneYear
2020-05-31
04258882
core:Non-currentFinancialInstruments
2021-05-31
04258882
core:Non-currentFinancialInstruments
2020-05-31
04258882
bus:PrivateLimitedCompanyLtd
2020-06-01
2021-05-31
04258882
bus:SmallCompaniesRegimeForAccounts
2020-06-01
2021-05-31
04258882
bus:FRS102
2020-06-01
2021-05-31
04258882
bus:AuditExemptWithAccountantsReport
2020-06-01
2021-05-31
04258882
bus:Director1
2020-06-01
2021-05-31
04258882
bus:Director2
2020-06-01
2021-05-31
04258882
bus:Director3
2020-06-01
2021-05-31
04258882
bus:Director4
2020-06-01
2021-05-31
04258882
bus:FullAccounts
2020-06-01
2021-05-31
xbrli:pure
xbrli:shares
iso4217:GBP