Crazy Cook Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09546031 (England and Wales)

Crazy Cook Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2020

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr F Yavuz

REGISTERED OFFICE:

1st Floor 16-20 High Road

London

N22 6BX

REGISTERED NUMBER:

09546031 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Crazy Cook Ltd for the year ended 31 March 2020 which comprise the Abridged Statement of

Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Crazy Cook Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crazy Cook Ltd and state those matters that we have agreed to state to the director of Crazy Cook Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crazy Cook Ltd and its director for our work or for this report.

It is your duty to ensure that Crazy Cook Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crazy Cook Ltd. You consider that Crazy Cook Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crazy Cook Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

23 July 2020

FIXED ASSETS

Property, plant and equipment

4

222,074

258,998

CURRENT ASSETS

Inventories

5

30,446

57,544

Debtors

6

18,305

45,887

Cash at bank and in hand

146,085

106,331

194,836

209,762

CREDITORS

Amounts falling due within one year

7

135,531

167,604

NET CURRENT ASSETS

59,305

42,158

TOTAL ASSETS LESS CURRENT LIABILITIES

281,379

301,156

PROVISIONS FOR LIABILITIES

8

40,165

46,735

NET ASSETS

241,214

254,421

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

241,114

254,321

SHAREHOLDERS' FUNDS

241,214

254,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 23 July 2020 and were signed by:

Mr F Yavuz - Director

1.	STATUTORY INFORMATION

Crazy Cook Ltd 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover is derived from the ordinary trading activities of the business and is recognised when the company

obtains the right to consideration.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 39 (2019 - 31 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2019

352,811

113,130

1,915

467,856

Additions

6,484

29,626

-

36,110

At 31 March 2020

359,295

142,756

1,915

503,966

DEPRECIATION

At 1 April 2019

168,886

39,589

383

208,858

Charge for year

47,063

25,665

306

73,034

At 31 March 2020

215,949

65,254

689

281,892

NET BOOK VALUE

At 31 March 2020

143,346

77,502

1,226

222,074

At 31 March 2019

183,925

73,541

1,532

258,998

5.	INVENTORIES

2020

2019

£

£

Stocks

30,446

57,544

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

31,513

Other debtors

18,305

14,374

18,305

45,887

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

18,081

16,354

Taxation and social security

110,518

142,533

Other creditors

6,932

8,717

135,531

167,604

8.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

40,165

46,735

Deferred

tax

£

Balance at 1 April 2019

46,735

Provided during year

(6,570

)

Balance at 31 March 2020

40,165

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2019

254,321

Profit for the year

106,793

Dividends

(120,000

)

At 31 March 2020

241,114

11.	RELATED PARTY DISCLOSURES

Included in creditors are amounts owed to key management personnel of £250 (2019 - £250) at balance sheet

date. This is an interest free loan and payable on demand.