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REGISTERED NUMBER: SC444068 (Scotland)


















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Crownbraid Limited

Crownbraid Limited (Registered number: SC444068)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crownbraid Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G J K Smith
Mrs N Smith





REGISTERED OFFICE: Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP





REGISTERED NUMBER: SC444068 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

Crownbraid Limited (Registered number: SC444068)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,796 1,547
1,796 1,547

CURRENT ASSETS
Stocks 2,600 2,100
Debtors 6 35,367 -
Cash at bank and in hand 54,770 99,085
92,737 101,185
CREDITORS
Amounts falling due within one year 7 46,215 48,334
NET CURRENT ASSETS 46,522 52,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,318

54,398

CREDITORS
Amounts falling due after more than one
year

8

16,754

26,745
NET ASSETS 31,564 27,653

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,562 27,651
SHAREHOLDERS' FUNDS 31,564 27,653

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

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

Crownbraid Limited (Registered number: SC444068)

Balance Sheet - continued
31 March 2023


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 May 2023 and were signed on its behalf by:





Mrs N Smith - Director


Crownbraid Limited (Registered number: SC444068)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Crownbraid Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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.

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

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 - 8 ) .

Crownbraid Limited (Registered number: SC444068)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 28,000
AMORTISATION
At 1 April 2022
and 31 March 2023 28,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 6,739
Additions 957
At 31 March 2023 7,696
DEPRECIATION
At 1 April 2022 5,192
Charge for year 708
At 31 March 2023 5,900
NET BOOK VALUE
At 31 March 2023 1,796
At 31 March 2022 1,547

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 35,367 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 11,217 11,217
Trade creditors 3,035 4,117
Taxation and social security 20,666 21,401
Other creditors 11,297 11,599
46,215 48,334

Crownbraid Limited (Registered number: SC444068)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 16,754 26,745

9. CONTINGENT LIABILITIES

As at 31 March 2023 the company had no contingent liabilities (2022 - £nil).

10. CAPITAL COMMITMENTS

As at 31 March 2023 the company had no capital commitments (2022 - £nil).

11. RELATED PARTY DISCLOSURES

As at 31 March 2023 included within other creditors is an amount due to the directors of £49 (2022 - £67). This balance has no fixed repayment date and no interest charged theron.