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REGISTERED NUMBER: 03033850 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Crown Construction Insulation Limited

Crown Construction Insulation Limited (Registered number: 03033850)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Crown Construction Insulation Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: B Joseph
Ms C Nolan





SECRETARY: B Joseph





REGISTERED OFFICE: 3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ





REGISTERED NUMBER: 03033850 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Crown Construction Insulation Limited (Registered number: 03033850)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 103,073 101,695
Investments 5 140,591 140,591
243,664 242,286

CURRENT ASSETS
Stocks 9,000 9,000
Debtors 6 1,285,801 467,148
Cash at bank and in hand 1,418,020 1,828,904
2,712,821 2,305,052
CREDITORS
Amounts falling due within one year 7 1,242,258 1,242,512
NET CURRENT ASSETS 1,470,563 1,062,540
TOTAL ASSETS LESS CURRENT LIABILITIES 1,714,227 1,304,826

CREDITORS
Amounts falling due after more than one year 8 34,167 85,585
NET ASSETS 1,680,060 1,219,241

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,680,058 1,219,239
SHAREHOLDERS' FUNDS 1,680,060 1,219,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 25 August 2022 and were signed on its behalf by:




B Joseph - Director


Crown Construction Insulation Limited (Registered number: 03033850)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Crown Construction Insulation 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.

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 - 15% on reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2020 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2021 216,182
Additions 25,645
Disposals (6,500 )
At 31 December 2021 235,327
DEPRECIATION
At 1 January 2021 114,487
Charge for year 24,267
Eliminated on disposal (6,500 )
At 31 December 2021 132,254
NET BOOK VALUE
At 31 December 2021 103,073
At 31 December 2020 101,695

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.21 31.12.20
£ £
Investment 140,591 140,591

The fixed asset investment relates to the purchase of entire issued share capital of NM Properties (Knowsley) Limited.

Crown Construction Insulation Limited (Registered number: 03033850)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Trade debtors 1,156,675 433,697
Other debtors 129,126 33,451
1,285,801 467,148

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Bank loans and overdrafts 10,000 7,750
Trade creditors 297,432 271,862
Taxation and social security 370,790 722,501
Other creditors 564,036 240,399
1,242,258 1,242,512

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£ £
Bank loans 34,167 85,585

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years
repayable by instalments - 4,585
Bounce Back Loan 34,167 50,000
34,167 54,585

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£ £
Bank loans 44,167 93,335

The Bank loan and hire purchase liabilities are secured against the assets to which they relate.

10. ULTIMATE CONTROLLING PARTY

Shares are owned 50% B Joseph and 50% J Joseph.