IRIS Accounts Production v23.4.0.336 02376261 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023762612022-08-31023762612023-08-31023762612022-09-012023-08-31023762612021-08-31023762612021-09-012022-08-31023762612022-08-3102376261ns15:EnglandWales2022-09-012023-08-3102376261ns14:PoundSterling2022-09-012023-08-3102376261ns10:Director12022-09-012023-08-3102376261ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3102376261ns10:SmallEntities2022-09-012023-08-3102376261ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3102376261ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3102376261ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3102376261ns10:FullAccounts2022-09-012023-08-3102376261ns10:CompanySecretary12022-09-012023-08-3102376261ns10:RegisteredOffice2022-09-012023-08-3102376261ns5:CurrentFinancialInstruments2023-08-3102376261ns5:CurrentFinancialInstruments2022-08-3102376261ns5:Non-currentFinancialInstruments2023-08-3102376261ns5:Non-currentFinancialInstruments2022-08-3102376261ns5:ShareCapital2023-08-3102376261ns5:ShareCapital2022-08-3102376261ns5:RetainedEarningsAccumulatedLosses2023-08-3102376261ns5:RetainedEarningsAccumulatedLosses2022-08-3102376261ns5:FurnitureFittings2022-09-012023-08-3102376261ns5:MotorVehicles2022-09-012023-08-3102376261ns5:ComputerEquipment2022-09-012023-08-3102376261ns5:FurnitureFittings2022-08-3102376261ns5:MotorVehicles2022-08-3102376261ns5:ComputerEquipment2022-08-3102376261ns5:FurnitureFittings2023-08-3102376261ns5:MotorVehicles2023-08-3102376261ns5:ComputerEquipment2023-08-3102376261ns5:FurnitureFittings2022-08-3102376261ns5:MotorVehicles2022-08-3102376261ns5:ComputerEquipment2022-08-3102376261ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-3102376261ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-012023-08-3102376261ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3102376261ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-3102376261ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3102376261ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3102376261ns5:WithinOneYear2023-08-3102376261ns5:WithinOneYear2022-08-3102376261ns5:BetweenOneFiveYears2023-08-3102376261ns5:BetweenOneFiveYears2022-08-3102376261ns5:AllPeriods2023-08-3102376261ns5:AllPeriods2022-08-31023762611ns10:Director12022-08-31023762611ns10:Director12021-08-31023762611ns10:Director12022-09-012023-08-31023762611ns10:Director12021-09-012022-08-31023762611ns10:Director12023-08-31023762611ns10:Director12022-08-31
REGISTERED NUMBER: 02376261 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CREWCROWN LIMITED

CREWCROWN LIMITED (REGISTERED NUMBER: 02376261)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREWCROWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: D R Godfrey





SECRETARY: Prime Accountants & Business Advisers Limited





REGISTERED OFFICE: 5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA





REGISTERED NUMBER: 02376261 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

CREWCROWN LIMITED (REGISTERED NUMBER: 02376261)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,004 20,517

CURRENT ASSETS
Stocks 240,000 385,421
Debtors 5 55,350 205,535
Cash at bank and in hand 113,079 186,802
408,429 777,758
CREDITORS
Amounts falling due within one year 6 208,801 380,559
NET CURRENT ASSETS 199,628 397,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,632

417,716

CREDITORS
Amounts falling due after more than one
year

7

(44,611

)

(62,888

)

PROVISIONS FOR LIABILITIES (2,851 ) (3,898 )
NET ASSETS 167,170 350,930

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,070 350,830
SHAREHOLDERS' FUNDS 167,170 350,930

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

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

CREWCROWN LIMITED (REGISTERED NUMBER: 02376261)

BALANCE SHEET - continued
31 AUGUST 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 5 March 2024 and were signed by:





D R Godfrey - Director


CREWCROWN LIMITED (REGISTERED NUMBER: 02376261)

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


1. STATUTORY INFORMATION

Crewcrown 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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 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.

CREWCROWN LIMITED (REGISTERED NUMBER: 02376261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

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 or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 163,945 29,499 20,308 213,752
DEPRECIATION
At 1 September 2022 147,388 26,939 18,908 193,235
Charge for year 4,411 640 462 5,513
At 31 August 2023 151,799 27,579 19,370 198,748
NET BOOK VALUE
At 31 August 2023 12,146 1,920 938 15,004
At 31 August 2022 16,557 2,560 1,400 20,517

CREWCROWN LIMITED (REGISTERED NUMBER: 02376261)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2022
DEPRECIATION
At 1 September 2022 1,981
Charge for year 637
At 31 August 2023 2,618
NET BOOK VALUE
At 31 August 2023 (2,618 )
At 31 August 2022 (1,981 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 55,350 205,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,337 10,005
Trade creditors 166,849 305,131
Taxation and social security 13,993 49,847
Other creditors 18,622 15,576
208,801 380,559

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,502 30,834
Other creditors 23,109 32,054
44,611 62,888

CREWCROWN LIMITED (REGISTERED NUMBER: 02376261)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 169,985 169,985
Between one and five years 425,533 595,518
595,518 765,503

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
D R Godfrey
Balance outstanding at start of year 103,350 87,953
Amounts advanced 110,972 348,363
Amounts repaid (217,400 ) (332,966 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,078 ) 103,350