Company Registration No. 03454814 (England and Wales)
Crown Construction (Contracting) Limited
Unaudited accounts
for the year ended 30 November 2023
Crown Construction (Contracting) Limited
Unaudited accounts
Contents
Crown Construction (Contracting) Limited
Company Information
for the year ended 30 November 2023
Director
Michael Hitchcock
Company Number
03454814 (England and Wales)
Registered Office
St James House
Albert Court Peasehill Road
Ripley
Derbyshire
DE5 3AQ
United Kingdom
Accountants
Accounting Matters Limited
17 Wellington Street
Ripley
Derbyshire
DE5 3EH
Crown Construction (Contracting) Limited
Statement of financial position
as at 30 November 2023
Tangible assets
95,673
123,383
Cash at bank and in hand
465,392
205,651
Creditors: amounts falling due within one year
(341,356)
(245,787)
Net current assets
515,623
954,031
Total assets less current liabilities
611,296
1,077,414
Creditors: amounts falling due after more than one year
(15,150)
(268,001)
Provisions for liabilities
Deferred tax
(20,533)
(22,993)
Net assets
575,613
786,420
Called up share capital
42,000
42,000
Profit and loss account
533,613
744,420
Shareholders' funds
575,613
786,420
For the year ending 30 November 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 28 June 2024 and were signed on its behalf by
Michael Hitchcock
Director
Company Registration No. 03454814
Crown Construction (Contracting) Limited
Notes to the Accounts
for the year ended 30 November 2023
Crown Construction (Contracting) Limited is a private company, limited by shares, registered in England and Wales, registration number 03454814. The registered office is St James House, Albert Court Peasehill Road, Ripley, Derbyshire, DE5 3AQ, United Kingdom.
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
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset.
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Crown Construction (Contracting) Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
At 1 December 2022
391,159
At 30 November 2023
392,838
At 1 December 2022
267,776
Charge for the year
29,389
At 30 November 2023
297,165
At 30 November 2023
95,673
At 30 November 2022
123,383
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors advances
10,000
-
129,356
(119,356)
10,000
-
129,356
(119,356)
Crown Construction (Contracting) Limited
Notes to the Accounts
for the year ended 30 November 2023
7
Transactions with related parties
During the year the Company entered into the following transactions with related parties:
Crown Home Assist Ltd
Transaction value 2022 £230,792 2021 £105,850
Balance owed by/(owed to) 2022 £234,268 2021 £90,282
Crown Construction (Developments) Ltd
Transaction value 2022 £8,715 2021 £217,710
Balance owed by/(owed to) 2022 £3,258 2021 £65,362
Crown Home Assist Ltd
Transaction value 2022 (£43,818) 2021 (£6,938)
Balance owed by/(owed to) 2022 (£19,746) 2021 (£8,301)
During the year the Company made sales to Crown Home Assist Ltd of £230,792. Included within year end debtors are amounts owed by Crown Home Assist Ltd of £234,268. During the year the Company made sales of £8,715 to Crown Construction (Developments) Ltd. Included within year end debtors are amounts owed by Crown Construction (Developments) Ltd of £3,258. During the year the Company made purchases of £43,818 from Crown Home Assist Ltd. Included within year end creditors are amounts owed to Crown Home Assist Ltd of £19,746.
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).