Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseRemovals4444truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 4002589 2022-07-01 2023-06-30 4002589 2021-07-01 2022-06-30 4002589 2023-06-30 4002589 2022-06-30 4002589 2021-07-01 4002589 c:Director2 2022-07-01 2023-06-30 4002589 d:Buildings d:ShortLeaseholdAssets 2022-07-01 2023-06-30 4002589 d:Buildings d:ShortLeaseholdAssets 2023-06-30 4002589 d:Buildings d:ShortLeaseholdAssets 2022-06-30 4002589 d:PlantMachinery 2022-07-01 2023-06-30 4002589 d:PlantMachinery 2023-06-30 4002589 d:PlantMachinery 2022-06-30 4002589 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 4002589 d:MotorVehicles 2022-07-01 2023-06-30 4002589 d:MotorVehicles 2023-06-30 4002589 d:MotorVehicles 2022-06-30 4002589 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 4002589 d:FurnitureFittings 2022-07-01 2023-06-30 4002589 d:FurnitureFittings 2023-06-30 4002589 d:FurnitureFittings 2022-06-30 4002589 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 4002589 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 4002589 d:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 4002589 d:PatentsTrademarksLicencesConcessionsSimilar 2022-06-30 4002589 d:CurrentFinancialInstruments 2023-06-30 4002589 d:CurrentFinancialInstruments 2022-06-30 4002589 d:Non-currentFinancialInstruments 2023-06-30 4002589 d:Non-currentFinancialInstruments 2022-06-30 4002589 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 4002589 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 4002589 d:ShareCapital 2023-06-30 4002589 d:ShareCapital 2022-06-30 4002589 d:RetainedEarningsAccumulatedLosses 2023-06-30 4002589 d:RetainedEarningsAccumulatedLosses 2022-06-30 4002589 c:OrdinaryShareClass1 2022-07-01 2023-06-30 4002589 c:OrdinaryShareClass1 2023-06-30 4002589 c:OrdinaryShareClass1 2022-06-30 4002589 c:OrdinaryShareClass2 2022-07-01 2023-06-30 4002589 c:OrdinaryShareClass2 2023-06-30 4002589 c:OrdinaryShareClass2 2022-06-30 4002589 c:OrdinaryShareClass3 2022-07-01 2023-06-30 4002589 c:OrdinaryShareClass3 2023-06-30 4002589 c:OrdinaryShareClass3 2022-06-30 4002589 c:OrdinaryShareClass4 2022-07-01 2023-06-30 4002589 c:OrdinaryShareClass4 2023-06-30 4002589 c:OrdinaryShareClass4 2022-06-30 4002589 c:OrdinaryShareClass5 2022-07-01 2023-06-30 4002589 c:OrdinaryShareClass5 2023-06-30 4002589 c:OrdinaryShareClass5 2022-06-30 4002589 c:FRS102 2022-07-01 2023-06-30 4002589 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 4002589 c:FullAccounts 2022-07-01 2023-06-30 4002589 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 4002589 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 4002589 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 4002589 2 2022-07-01 2023-06-30 4002589 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 4002589









CROWN PROMOTIONS AND REMOVALS LTD.








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
CROWN PROMOTIONS AND REMOVALS LTD.
REGISTERED NUMBER: 4002589

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
170
170

Tangible assets
 5 
1,442,905
1,213,383

  
1,443,075
1,213,553

Current assets
  

Debtors: amounts falling due after more than one year
 6 
-
20,000

Debtors: amounts falling due within one year
 6 
660,023
837,272

Cash at bank and in hand
 7 
658,146
472,675

  
1,318,169
1,329,947

Creditors: amounts falling due within one year
 8 
(275,096)
(234,888)

Net current assets
  
 
 
1,043,073
 
 
1,095,059

Total assets less current liabilities
  
2,486,148
2,308,612

Provisions for liabilities
  

Deferred tax
 9 
(359,151)
(229,247)

Net assets
  
2,126,997
2,079,365


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Profit and loss account
  
2,125,997
2,078,365

  
2,126,997
2,079,365


Page 1

 
CROWN PROMOTIONS AND REMOVALS LTD.
REGISTERED NUMBER: 4002589
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 February 2024.






D Holmes
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
CROWN PROMOTIONS AND REMOVALS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Crown Promotions and Removals Ltd. is a company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The principal place of business is Crown House, Fairview Industrial Park, Marsh Way, Rainham, Essex, RM13 8UH. The principal activity of the company was that of unit storage providers and removal contractors.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
CROWN PROMOTIONS AND REMOVALS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short term leasehold property
-
8.33% over the period of lease
Plant and machinery
-
15%
Motor vehicles
-
20%
Furniture, fittings and equipment
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual
Page 4

 
CROWN PROMOTIONS AND REMOVALS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit or loss in the same period as the related expenditure.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 5

 
CROWN PROMOTIONS AND REMOVALS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.12

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
CROWN PROMOTIONS AND REMOVALS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 44 (2022 - 44).

Page 7

 
CROWN PROMOTIONS AND REMOVALS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Intangible assets




Trademark

£



Cost


At 1 July 2022
170



At 30 June 2023

170






Net book value



At 30 June 2023
170



At 30 June 2022
170



Page 8

 
CROWN PROMOTIONS AND REMOVALS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Short term leasehold property
Plant and machinery
Motor vehicles
Furniture, fittings and equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2022
30,633
1,818,398
522,584
202,186
2,573,801


Additions
-
255,326
361,500
620
617,446


Disposals
-
(3,425)
(124,904)
-
(128,329)



At 30 June 2023

30,633
2,070,299
759,180
202,806
3,062,918



Depreciation


At 1 July 2022
23,815
931,975
273,506
131,122
1,360,418


Charge for the year on owned assets
515
170,748
102,024
10,753
284,040


Disposals
-
-
(24,445)
-
(24,445)



At 30 June 2023

24,330
1,102,723
351,085
141,875
1,620,013



Net book value



At 30 June 2023
6,303
967,576
408,095
60,931
1,442,905



At 30 June 2022
6,818
886,423
249,078
71,064
1,213,383




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Short term leasehold property
6,303
6,818


Page 9

 
CROWN PROMOTIONS AND REMOVALS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Prepayments and accrued income
-
20,000


2023
2022
£
£

Due within one year

Trade debtors
496,486
661,801

Other debtors
150
13,655

Prepayments and accrued income
163,387
161,816

660,023
837,272



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
658,146
472,675

Less: bank overdrafts
-
(9)

658,146
472,666



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
9

Trade creditors
115,902
115,851

Corporation tax
20,087
4,936

Other taxation and social security
88,817
83,891

Other creditors
42,086
21,596

Accruals and deferred income
8,204
8,605

275,096
234,888


Page 10

 
CROWN PROMOTIONS AND REMOVALS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Deferred taxation




2023
2022


£

£






At beginning of year
(229,247)
(189,775)


Charged to profit or loss
(129,904)
(39,472)



At end of year
(359,151)
(229,247)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(359,151)
(229,247)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



300 (2022 - 300) Ordinary shares of £1 each
300
300
220 (2022 - 220) A Ordinary shares of £1 each
220
220
220 (2022 - 220) B Ordinary shares of £1 each
220
220
100 (2022 - 100) C Ordinary shares of £1 each
100
100
100 (2022 - 100) D Ordinary shares of £1 each
100
100
60 (2022 - 60) E Ordinary shares of £1 each
60
60

1,000

1,000

The A Ordinary, B Ordinary, C Ordinary, D Ordinary and E Ordinary shares have equal rights to vote, capital on winding up and rank pari passu with Ordinary shares except for independent dividend rights which will be entirely at the discretion of the company. 



11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently adminstered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £33,632 (2022 - £31,009).

 
Page 11