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REGISTERED NUMBER: 11869233 (England and Wales)
















DAVID CRANE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






DAVID CRANE LTD (REGISTERED NUMBER: 11869233)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DAVID CRANE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: D.L. Crane





REGISTERED OFFICE: 52 Mayfields
Grays
United Kingdom
Essex
RM16 2XL





REGISTERED NUMBER: 11869233 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

DAVID CRANE LTD (REGISTERED NUMBER: 11869233)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 4,710 5,888
6,710 8,888

CURRENT ASSETS
Debtors 6 3,740 -
Cash at bank 31,412 55,396
35,152 55,396
CREDITORS
Amounts falling due within one year 7 15,673 9,668
NET CURRENT ASSETS 19,479 45,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,189

54,616

CREDITORS
Amounts falling due after more than one
year

8

-

46,666
NET ASSETS 26,189 7,950

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,089 7,850
SHAREHOLDERS' FUNDS 26,189 7,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

DAVID CRANE LTD (REGISTERED NUMBER: 11869233)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2022 and were signed by:





D.L. Crane - Director


DAVID CRANE LTD (REGISTERED NUMBER: 11869233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance

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.


DAVID CRANE LTD (REGISTERED NUMBER: 11869233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2021
and 31 March 2022 5,000
AMORTISATION
At 1 April 2021 2,000
Charge for year 1,000
At 31 March 2022 3,000
NET BOOK VALUE
At 31 March 2022 2,000
At 31 March 2021 3,000

DAVID CRANE LTD (REGISTERED NUMBER: 11869233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 7,900
DEPRECIATION
At 1 April 2021 2,012
Charge for year 1,178
At 31 March 2022 3,190
NET BOOK VALUE
At 31 March 2022 4,710
At 31 March 2021 5,888

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,890 -
Other debtors 850 -
3,740 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 3,334
Taxation and social security 14,085 823
Other creditors 1,588 5,511
15,673 9,668

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans - 46,666

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,666

DAVID CRANE LTD (REGISTERED NUMBER: 11869233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans - 50,000

The bounce back loan is secured as it part of a government scheme.