CRANE PRESS LIMITED

Company Registration Number:
08518904 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

CRANE PRESS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

CRANE PRESS LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,229 1,285
Total fixed assets: 1,229 1,285
Current assets
Stocks: 625 26,723
Debtors:   311,311 204,974
Cash at bank and in hand: 17,663 18,527
Total current assets: 329,599 250,224
Creditors: amounts falling due within one year: 4 (329,094) (264,887)
Net current assets (liabilities): 505 (14,663)
Total assets less current liabilities: 1,734 (13,378)
Creditors: amounts falling due after more than one year:   (9,630) (17,140)
Total net assets (liabilities): (7,896) (30,518)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (7,897) (30,519)
Shareholders funds: (7,896) (30,518)

The notes form part of these financial statements

CRANE PRESS LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 November 2023
and signed on behalf of the board by:

Name: ED Crane
Status: Director

The notes form part of these financial statements

CRANE PRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant & Equipment etc - 25% on cost

Valuation and information policy

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

Other accounting policies

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 and loss in the period to which they relate.

CRANE PRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 5 5

CRANE PRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 3,726
Additions 695
At 31 May 2023 4,421
Depreciation
At 01 June 2022 2,441
Charge for year 751
At 31 May 2023 3,192
Net book value
At 31 May 2023 1,229
At 31 May 2022 1,285

CRANE PRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due within one year note

Trade Creditors - £58851Taxation and social security - £10546Other Creditors - £259697The following secured debts are within Creditors:-Bibby Financial Services Ltd - £259697Bibby Financial Services Ltd has a fixed and floating charge. The floating charge covers all the property or undertaking of the company.