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Company Registration No. 10770839 (England and Wales)
Crane X Construction Ltd Unaudited accounts for the year ended 31 May 2023
Crane X Construction Ltd Unaudited accounts Contents
Page
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Crane X Construction Ltd Company Information for the year ended 31 May 2023
Director
Inderjit Singh Dhillon
Company Number
10770839 (England and Wales)
Registered Office
67 Grosvenor Street Mayfair London W1K 3JN
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Crane X Construction Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
11,481 
10,584 
Tangible assets
- 
227 
11,481 
10,811 
Current assets
Debtors
15,519 
15,519 
Cash at bank and in hand
10,282 
78 
25,801 
15,597 
Creditors: amounts falling due within one year
(176,127)
(176,484)
Net current liabilities
(150,326)
(160,887)
Total assets less current liabilities
(138,845)
(150,076)
Creditors: amounts falling due after more than one year
(49,897)
(41,537)
Net liabilities
(188,742)
(191,613)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(188,743)
(191,614)
Shareholders' funds
(188,742)
(191,613)
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 31 July 2024 and were signed on its behalf by
Inderjit Singh Dhillon Director Company Registration No. 10770839
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Crane X Construction Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Crane X Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 10770839. The registered office is 67 Grosvenor Street, Mayfair, London, W1K 3JN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
33.33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Crane X Construction Ltd Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
43,537 
Additions
5,555 
At 31 May 2023
49,092 
Amortisation
At 1 June 2022
32,953 
Charge for the year
4,658 
At 31 May 2023
37,611 
Net book value
At 31 May 2023
11,481 
At 31 May 2022
10,584 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
1,637 
At 31 May 2023
1,637 
Depreciation
At 1 June 2022
1,410 
Charge for the year
227 
At 31 May 2023
1,637 
Net book value
At 31 May 2023
- 
At 31 May 2022
227 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
15,519 
15,519 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
800 
9,420 
Trade creditors
42,000 
42,000 
Other creditors
10,001 
- 
Loans from directors
82,540 
81,278 
Accruals
40,786 
43,786 
176,127 
176,484 
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Crane X Construction Ltd Notes to the Accounts for the year ended 31 May 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
49,897 
41,537 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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