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REGISTERED NUMBER: 08082048 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

CRUSHERS INC LIMITED

CRUSHERS INC LIMITED (REGISTERED NUMBER: 08082048)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRUSHERS INC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: G SHIPLEY
MISS A C JONES





SECRETARY: MISS A C JONES





REGISTERED OFFICE: 57 Gloucester Crescent
Wigston
Leicester
LE18 4YF





REGISTERED NUMBER: 08082048 (England and Wales)





ACCOUNTANTS: Kwik Accounting & Taxation Services Limited
Chartered Certified Accountants
15 Mercia Drive
Oadby
Leicester
Leicestershire
LE2 5GB

CRUSHERS INC LIMITED (REGISTERED NUMBER: 08082048)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,811 2,414
Tangible assets 5 20,688 23,382
22,499 25,796

CURRENT ASSETS
Stocks 6 62,932 57,260
Debtors 7 97,968 153,842
Cash at bank and in hand 167,732 86,836
328,632 297,938
CREDITORS
Amounts falling due within one year 8 245,068 255,040
NET CURRENT ASSETS 83,564 42,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,063

68,694

CAPITAL AND RESERVES
Called up share capital 9 500 500
Retained earnings 10 105,563 68,194
SHAREHOLDERS' FUNDS 106,063 68,694

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

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

CRUSHERS INC LIMITED (REGISTERED NUMBER: 08082048)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





G SHIPLEY - Director


CRUSHERS INC LIMITED (REGISTERED NUMBER: 08082048)

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

1. STATUTORY INFORMATION

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

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% 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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CRUSHERS INC LIMITED (REGISTERED NUMBER: 08082048)

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

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 June 2022
and 31 May 2023 7,825
AMORTISATION
At 1 June 2022 5,411
Amortisation for year 603
At 31 May 2023 6,014
NET BOOK VALUE
At 31 May 2023 1,811
At 31 May 2022 2,414

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 15,523 17,300 13,683 46,506
Additions - 2,304 - 2,304
Disposals (6,034 ) (9,228 ) (5,356 ) (20,618 )
At 31 May 2023 9,489 10,376 8,327 28,192
DEPRECIATION
At 1 June 2022 7,191 8,958 6,975 23,124
Charge for year 1,666 1,597 1,342 4,605
Eliminated on disposal (6,034 ) (8,835 ) (5,356 ) (20,225 )
At 31 May 2023 2,823 1,720 2,961 7,504
NET BOOK VALUE
At 31 May 2023 6,666 8,656 5,366 20,688
At 31 May 2022 8,332 8,342 6,708 23,382

6. STOCKS
31.5.23 31.5.22
£    £   
Stocks & WIP 62,932 57,260

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 70,034 129,565
Other debtors 27,934 24,277
97,968 153,842

CRUSHERS INC LIMITED (REGISTERED NUMBER: 08082048)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 46,863 58,714
Hire purchase contracts - 7,022
Trade creditors 167,132 163,853
Taxation and social security 26,268 13,602
Other creditors 4,805 11,849
245,068 255,040

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
500 Ordinary 1.00 500 500

10. RESERVES
Retained
earnings
£   

At 1 June 2022 68,194
Profit for the year 52,369
Dividends (15,000 )
At 31 May 2023 105,563