Company Registration No. 07248471 (England and Wales)
Crimson Construction Ltd
Unaudited accounts
for the year ended 31 May 2023
Crimson Construction Ltd
Unaudited accounts
Contents
Crimson Construction Ltd
Company Information
for the year ended 31 May 2023
Director
Rajesh Karsan Gajparia
Company Number
07248471 (England and Wales)
Registered Office
8 PINNER VIEW
HARROW
MIDDLESEX
HA1 4QA
Accountants
A J Shah and Company
8 Pinner View
Harrow
Middlesex
HA1 4QA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Crimson Construction Ltd for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Crimson Construction Ltd for the year ended
31 May 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Crimson Construction Ltd , as a body, in accordance with the terms of our engagement letter dated 10 May 2010. Our work has been undertaken solely to prepare for your approval the accounts of Crimson Construction Ltd and state those matters that we have agreed to state to the Board of Directors of Crimson Construction Ltd , as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crimson Construction Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Crimson Construction Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Crimson Construction Ltd . You consider that Crimson Construction Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Crimson Construction Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
A J Shah and Company
Chartered Accountants
8 Pinner View
Harrow
Middlesex
HA1 4QA
12 October 2023
Crimson Construction Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
8,257
8,340
Cash at bank and in hand
49,224
90,143
Creditors: amounts falling due within one year
(22,711)
(55,939)
Net current assets
34,043
34,589
Called up share capital
10
10
Profit and loss account
42,290
42,919
Shareholders' funds
42,300
42,929
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 October 2023 and were signed on its behalf by
Rajesh Karsan Gajparia
Director
Company Registration No. 07248471
Crimson Construction Ltd
Notes to the Accounts
for the year ended 31 May 2023
Crimson Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 07248471. The registered office is 8 PINNER VIEW, HARROW, MIDDLESEX, HA1 4QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
7,500
3,891
11,391
At 31 May 2023
7,500
5,064
12,564
At 1 June 2022
750
2,301
3,051
Charge for the year
750
506
1,256
At 31 May 2023
1,500
2,807
4,307
At 31 May 2023
6,000
2,257
8,257
At 31 May 2022
6,750
1,590
8,340
Amounts falling due within one year
Crimson Construction Ltd
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,600
8,800
Taxes and social security
1,095
10,322
Loans from directors
43
22,755
7
Transactions with related parties
Director loan account
Rajesh Kasan Gajparia
Kanta Rajesh Gajparia
As at 31/05/2022
The bought forward (£10,990) and carried forward was £22,755.
As at 31/05/2023
The bought forward £22,755 and carried forward was £42.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).