IRIS Accounts Production v24.2.0.383 03842624 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 Ordinary £1"A" 1.00000 11166 4802 8445 6364 19611 11166 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038426242022-12-31038426242023-12-31038426242023-01-012023-12-31038426242021-12-31038426242022-01-012022-12-31038426242022-12-3103842624ns15:EnglandWales2023-01-012023-12-3103842624ns14:PoundSterling2023-01-012023-12-3103842624ns10:Director12023-01-012023-12-3103842624ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103842624ns10:SmallEntities2023-01-012023-12-3103842624ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103842624ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103842624ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103842624ns10:FullAccounts2023-01-012023-12-3103842624ns10:OrdinaryShareClass12023-01-012023-12-3103842624ns10:OrdinaryShareClass22023-01-012023-12-3103842624ns10:Director3432022-12-3103842624ns10:Director3432021-12-3103842624ns10:Director3432023-01-012023-12-3103842624ns10:Director3432022-01-012022-12-3103842624ns10:Director3432023-12-3103842624ns10:Director3432022-12-3103842624ns10:Director22023-01-012023-12-3103842624ns10:Director32023-01-012023-12-3103842624ns10:CompanySecretary12023-01-012023-12-3103842624ns10:RegisteredOffice2023-01-012023-12-3103842624ns5:CurrentFinancialInstruments2023-12-3103842624ns5:CurrentFinancialInstruments2022-12-3103842624ns5:ShareCapital2023-12-3103842624ns5:ShareCapital2022-12-3103842624ns5:RetainedEarningsAccumulatedLosses2023-12-3103842624ns5:RetainedEarningsAccumulatedLosses2022-12-3103842624ns5:FurnitureFittings2023-01-012023-12-3103842624ns5:FurnitureFittings2022-12-3103842624ns5:MotorVehicles2022-12-3103842624ns5:MotorVehicles2023-01-012023-12-3103842624ns5:FurnitureFittings2023-12-3103842624ns5:MotorVehicles2023-12-3103842624ns5:FurnitureFittings2022-12-3103842624ns5:MotorVehicles2022-12-3103842624ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103842624ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103842624ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3103842624ns5:AcceleratedTaxDepreciationDeferredTax2022-12-3103842624ns5:DeferredTaxation2022-12-3103842624ns5:DeferredTaxation2023-01-012023-12-3103842624ns5:DeferredTaxation2023-12-3103842624ns10:OrdinaryShareClass12023-12-3103842624ns10:OrdinaryShareClass22023-12-31038426241ns10:Director12022-12-31038426241ns10:Director12021-12-31038426241ns10:Director12023-01-012023-12-31038426241ns10:Director12022-01-012022-12-31038426241ns10:Director12023-12-31038426241ns10:Director12022-12-31
REGISTERED NUMBER: 03842624 (England and Wales)















CROWN AEROSPACE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CROWN AEROSPACE LIMITED (REGISTERED NUMBER: 03842624)

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


CROWN AEROSPACE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M J Dee
Miss E H Dee
Mrs N Dee





SECRETARY: Mrs N Dee





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 03842624 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

CROWN AEROSPACE LIMITED (REGISTERED NUMBER: 03842624)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,739 25,665

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 252,911 287,666
Prepayments and accrued income 351 325
Cash at bank and in hand 252,646 16,431
507,408 305,922
CREDITORS
Amounts falling due within one year 6 362,148 203,801
NET CURRENT ASSETS 145,260 102,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,999

127,786

PROVISIONS FOR LIABILITIES 7 5,761 4,876
NET ASSETS 161,238 122,910

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 161,038 122,710
SHAREHOLDERS' FUNDS 161,238 122,910

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 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.

CROWN AEROSPACE LIMITED (REGISTERED NUMBER: 03842624)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





M J Dee - Director


CROWN AEROSPACE LIMITED (REGISTERED NUMBER: 03842624)

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


1. STATUTORY INFORMATION

Crown Aerospace 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.

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.
Fixtures and fittings - 50% on cost and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

CROWN AEROSPACE LIMITED (REGISTERED NUMBER: 03842624)

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


2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 38,550 33,028 71,578
DEPRECIATION
At 1 January 2023 22,682 23,231 45,913
Charge for year 2,456 1,470 3,926
At 31 December 2023 25,138 24,701 49,839
NET BOOK VALUE
At 31 December 2023 13,412 8,327 21,739
At 31 December 2022 15,868 9,797 25,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 252,911 287,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 191,217 43,812
Taxation and social security 149,059 144,792
Other creditors 21,872 15,197
362,148 203,801

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 5,761 4,876

CROWN AEROSPACE LIMITED (REGISTERED NUMBER: 03842624)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 4,876
Charge to Income Statement during year 885
Balance at 31 December 2023 5,761

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100
100 Ordinary £1"A" £1 100 100
200 200

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
M J Dee and Mrs N Dee
Balance outstanding at start of year 11,166 4,802
Amounts advanced 8,445 6,364
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,611 11,166