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REGISTERED NUMBER: 05348980 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Crawford Precision Engineering Limited

Crawford Precision Engineering Limited (Registered number: 05348980)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crawford Precision Engineering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr M A R Coker





SECRETARY: Mr M A R Coker





REGISTERED OFFICE: Unit 5
Cross Court Industrial Estate
Cross Street
Kettering
Northamptonshire
NN16 9BN





REGISTERED NUMBER: 05348980 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Crawford Precision Engineering Limited (Registered number: 05348980)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,443 30,329
Investments 6 37,000 37,000
58,443 67,329

CURRENT ASSETS
Stocks 16,250 15,775
Debtors 7 34,801 40,315
Cash at bank 161,489 175,406
212,540 231,496
CREDITORS
Amounts falling due within one year 8 189,357 185,909
NET CURRENT ASSETS 23,183 45,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,626

112,916

CREDITORS
Amounts falling due after more than one
year

9

(36,687

)

(39,921

)

PROVISIONS FOR LIABILITIES (5,217 ) (7,406 )
NET ASSETS 39,722 65,589

CAPITAL AND RESERVES
Called up share capital 10 102 102
Retained earnings 39,620 65,487
SHAREHOLDERS' FUNDS 39,722 65,589

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

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

Crawford Precision Engineering Limited (Registered number: 05348980)

Balance Sheet - continued
31 December 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 director and authorised for issue on 29 July 2024 and were signed by:





Mr M A R Coker - Director


Crawford Precision Engineering Limited (Registered number: 05348980)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Crawford Precision Engineering 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

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.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Crawford Precision Engineering Limited (Registered number: 05348980)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005 has been fully amortised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 December 2023 55,000
AMORTISATION
At 1 January 2023
and 31 December 2023 55,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Crawford Precision Engineering Limited (Registered number: 05348980)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 January 2023 118,703 3,772 6,046 128,521
Additions 1,593 - - 1,593
At 31 December 2023 120,296 3,772 6,046 130,114
DEPRECIATION
At 1 January 2023 88,697 3,772 5,723 98,192
Charge for year 10,319 - 160 10,479
At 31 December 2023 99,016 3,772 5,883 108,671
NET BOOK VALUE
At 31 December 2023 21,280 - 163 21,443
At 31 December 2022 30,006 - 323 30,329

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
COST
At 1 January 2023
and 31 December 2023 50,000
DEPRECIATION
At 1 January 2023 19,994
Charge for year 10,000
At 31 December 2023 29,994
NET BOOK VALUE
At 31 December 2023 20,006
At 31 December 2022 30,006

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2023
and 31 December 2023 37,000
NET BOOK VALUE
At 31 December 2023 37,000
At 31 December 2022 37,000

Crawford Precision Engineering Limited (Registered number: 05348980)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 28,976 34,847
Other debtors - 2,156
Associated company 4,657 3,055
Prepayments and accrued income 1,168 257
34,801 40,315

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 2,083 8,333
Trade creditors 12,972 10,046
Amounts owed to group undertakings 110,000 110,000
Tax 34,249 32,521
Social security and other taxes - 300
VAT 926 3,096
Directors' current accounts 25,893 17,618
Accrued expenses 3,234 3,995
189,357 185,909

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts - 2,083
Amounts owed to group undertakings 36,687 37,838
36,687 39,921

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £ £
100 Share capital 2 £1 100 100