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REGISTERED NUMBER: SC262013 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

Cover Crew Limited

Cover Crew Limited (Registered number: SC262013)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cover Crew Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N M R Shelton
K Stephen





SECRETARY: James and George Collie LLP





REGISTERED OFFICE: Unit 12
Spurryhillock Industrial Estate
Broomhill Road
Stonehaven
AB39 2NH





REGISTERED NUMBER: SC262013 (Scotland)





ACCOUNTANTS: J M Taylor
5 Rubislaw Terrace
ABERDEEN
AB10 1XE

Cover Crew Limited (Registered number: SC262013)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,852 82,963

CURRENT ASSETS
Debtors 5 170,303 239,518
Cash at bank 75,505 71,206
245,808 310,724
CREDITORS
Amounts falling due within one year 6 144,347 181,511
NET CURRENT ASSETS 101,461 129,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,313

212,176

CREDITORS
Amounts falling due after more than one year 7 (40,749 ) (46,508 )

PROVISIONS FOR LIABILITIES (36,963 ) (15,763 )
NET ASSETS 171,601 149,905

CAPITAL AND RESERVES
Called up share capital 58 58
Capital redemption reserve 43 43
Retained earnings 171,500 149,804
SHAREHOLDERS' FUNDS 171,601 149,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Cover Crew Limited (Registered number: SC262013)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





K Stephen - Director


Cover Crew Limited (Registered number: SC262013)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cover Crew Limited is a private company, limited by shares , registered in Scotland. 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.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 24 (2023 - 34 ) .

Cover Crew Limited (Registered number: SC262013)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 172,662
Additions 108,881
Disposals (53,308 )
At 31 March 2024 228,235
DEPRECIATION
At 1 April 2023 89,699
Charge for year 25,711
Eliminated on disposal (35,027 )
At 31 March 2024 80,383
NET BOOK VALUE
At 31 March 2024 147,852
At 31 March 2023 82,963

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 152,928 226,088
Other debtors 17,375 13,430
170,303 239,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 13,217 10,185
Trade creditors 29,525 18,786
Taxation and social security 60,928 127,338
Other creditors 30,677 15,202
144,347 181,511

Cover Crew Limited (Registered number: SC262013)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,500 22,500
Hire purchase contracts 28,249 24,008
40,749 46,508