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REGISTERED NUMBER: 04670484 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CRESDRIVE ENGINEERING LIMITED

CRESDRIVE ENGINEERING LIMITED (REGISTERED NUMBER: 04670484)






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


CRESDRIVE ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: A D Tanner





REGISTERED OFFICE: Unit 7 Kings Road Works
Kings Road
New Haw
Surrey
KT15 3BG





REGISTERED NUMBER: 04670484 (England and Wales)





ACCOUNTANTS: L E Marshall & Co
Chartered Accountants
Unit B1F
Fairoaks Airport
Chobham
Surrey
GU24 8HU

CRESDRIVE ENGINEERING LIMITED (REGISTERED NUMBER: 04670484)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 4,000
Tangible assets 5 3,942 767
5,942 4,767

CURRENT ASSETS
Debtors 6 14,656 28,596
Cash at bank 27,876 29,710
42,532 58,306
CREDITORS
Amounts falling due within one year 7 15,890 24,569
NET CURRENT ASSETS 26,642 33,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,584

38,504

CREDITORS
Amounts falling due after more than one
year

8

14,329

20,336
NET ASSETS 18,255 18,168

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 18,254 18,167
SHAREHOLDERS' FUNDS 18,255 18,168

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 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.

CRESDRIVE ENGINEERING LIMITED (REGISTERED NUMBER: 04670484)

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 director and authorised for issue on 13 November 2023 and were signed by:





A D Tanner - Director


CRESDRIVE ENGINEERING LIMITED (REGISTERED NUMBER: 04670484)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Cresdrive Engineering 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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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 - 20% on cost
Fixtures and fittings - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022 6,000
Charge for year 2,000
At 31 March 2023 8,000
NET BOOK VALUE
At 31 March 2023 2,000
At 31 March 2022 4,000

CRESDRIVE ENGINEERING LIMITED (REGISTERED NUMBER: 04670484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 - 1,689 1,689
Additions 4,650 - 4,650
At 31 March 2023 4,650 1,689 6,339
DEPRECIATION
At 1 April 2022 - 922 922
Charge for year 930 545 1,475
At 31 March 2023 930 1,467 2,397
NET BOOK VALUE
At 31 March 2023 3,720 222 3,942
At 31 March 2022 - 767 767

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 14,636 24,626
Other debtors 20 3,970
14,656 28,596

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,792 6,775
Taxation and social security 6,079 10,644
Other creditors 8,019 7,150
15,890 24,569

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 14,329 20,336