CROWN ADVISORY LIMITED
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Company registration number 12951993
Date
Approval date of the accounts by the board 27/07/2023
Date
Date of signing on the audit/accountants report 27/07/2023
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Qasim Ahmed
Or, name of secretary
Name of director signing balance sheet Qasim Ahmed
Address of registered office:
Address line 1 11 Virgil Street,
Address line 2
City or town Manchester,
County or region England,
Postcode M15 4ED
Name of senior statutory auditor
Name of auditors/accountants ClearCut Accounting Limited
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 Suite 2, Parkway 5,
Address line 2 Parkway Business Centre,
City or town 300 Princess Road,
County or region Manchester,
Postcode M14 7HR.
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 1 3
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
12951993
CROWN ADVISORY LIMITED
Filleted Accounts
31 October 2022
CROWN ADVISORY LIMITED
Registered number: 12951993
Balance Sheet
as at 31 October 2022
Notes 2022 2021
£ £
Current assets
Debtors 3 61,523 28,908
Cash at bank and in hand 21,575 52,503
83,098 81,411
Creditors: amounts falling due within one year 4 (45,373) (46,866)
Net current assets 37,725 34,545
Net assets 37,725 34,545
Capital and reserves
Called up share capital 220 220
Profit and loss account 37,505 34,325
Shareholders' funds 37,725 34,545
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Qasim Ahmed
Director
Approved by the board on 27 July 2023
CROWN ADVISORY LIMITED
Notes to the Accounts
for the year ended 31 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number £
Average number of persons employed by the company 1 -
3 Debtors 2022 2021
£ £
Trade debtors 18,561 10,664
Other debtors 42,962 18,244
61,523 28,908
4 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 5,314 5,519
Taxation and social security costs 19,353 40,886
Other creditors 20,706 461
45,373 46,866
5 Controlling party
The directors control the company.
6 Other information
CROWN ADVISORY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
11 Virgil Street,
Manchester,
England,
M15 4ED
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