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REGISTERED NUMBER: 06742249 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD 28 JANUARY 2022 TO 26 JANUARY 2023

FOR

CROWN LIMITED

CROWN LIMITED (REGISTERED NUMBER: 06742249)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 JANUARY 2022 TO 26 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROWN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 28 JANUARY 2022 TO 26 JANUARY 2023







DIRECTOR: J Sturges





SECRETARY: Mrs J Sturges





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 06742249 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

CROWN LIMITED (REGISTERED NUMBER: 06742249)

BALANCE SHEET
26 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,847 2,091
1,847 2,091

CURRENT ASSETS
Stocks 153,700 118,490
Debtors 6 30,700 45,135
Cash at bank 1 1
184,401 163,626
CREDITORS
Amounts falling due within one year 7 169,648 156,810
NET CURRENT ASSETS 14,753 6,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,600

8,907

CREDITORS
Amounts falling due after more than one
year

8

16,333

23,333
NET ASSETS/(LIABILITIES) 267 (14,426 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167 (14,526 )
SHAREHOLDERS' FUNDS 267 (14,426 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 January 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.

CROWN LIMITED (REGISTERED NUMBER: 06742249)

BALANCE SHEET - continued
26 JANUARY 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:





J Sturges - Director


CROWN LIMITED (REGISTERED NUMBER: 06742249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 JANUARY 2022 TO 26 JANUARY 2023

1. STATUTORY INFORMATION

Crown 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 net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten 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.
Fixtures, fittings and equipment - 33% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

CROWN LIMITED (REGISTERED NUMBER: 06742249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 JANUARY 2022 TO 26 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 January 2022
and 26 January 2023 52,500
AMORTISATION
At 28 January 2022
and 26 January 2023 52,500
NET BOOK VALUE
At 26 January 2023 -
At 27 January 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 28 January 2022 5,246 14,990 824 21,060
Additions 564 - - 564
At 26 January 2023 5,810 14,990 824 21,624
DEPRECIATION
At 28 January 2022 4,829 13,843 297 18,969
Charge for period 324 379 105 808
At 26 January 2023 5,153 14,222 402 19,777
NET BOOK VALUE
At 26 January 2023 657 768 422 1,847
At 27 January 2022 417 1,147 527 2,091

CROWN LIMITED (REGISTERED NUMBER: 06742249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 JANUARY 2022 TO 26 JANUARY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,700 27,160
Other debtors 1,000 1,000
Directors' current accounts - 14,616
Prepayments - 2,359
30,700 45,135

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,228 22,857
Trade creditors 12,839 20,222
Tax 16,932 15,953
Social security and other taxes 7,484 6,040
VAT 84,172 64,145
Other creditors 17,657 23,468
Directors' current accounts 136 -
Accrued expenses 4,200 4,125
169,648 156,810

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 16,333 23,333

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 23,333 30,333

The bank loan is secured by way of a government backed guarantee.