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REGISTERED NUMBER: 03033850 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Crown Construction Insulation Limited

Crown Construction Insulation Limited (Registered number: 03033850)






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 Construction Insulation Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B Joseph
Ms C Nolan





SECRETARY: B Joseph





REGISTERED OFFICE: 3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ





REGISTERED NUMBER: 03033850 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Crown Construction Insulation Limited (Registered number: 03033850)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 118,885 112,259
Investments 5 140,591 140,591
259,476 252,850

CURRENT ASSETS
Stocks 9,000 9,000
Debtors 6 721,969 1,066,383
Cash at bank and in hand 1,958,750 1,593,050
2,689,719 2,668,433
CREDITORS
Amounts falling due within one year 7 1,009,898 1,034,167
NET CURRENT ASSETS 1,679,821 1,634,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,939,297

1,887,116

CREDITORS
Amounts falling due after more than one
year

8

14,167

24,240
NET ASSETS 1,925,130 1,862,876

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,925,128 1,862,874
SHAREHOLDERS' FUNDS 1,925,130 1,862,876

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 Construction Insulation Limited (Registered number: 03033850)

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 23 September 2024 and were signed on its behalf by:





B Joseph - Director


Crown Construction Insulation Limited (Registered number: 03033850)

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

1. STATUTORY INFORMATION

Crown Construction Insulation 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 275,743
Additions 54,492
Disposals (17,998 )
At 31 December 2023 312,237
DEPRECIATION
At 1 January 2023 163,484
Charge for year 34,368
Eliminated on disposal (4,500 )
At 31 December 2023 193,352
NET BOOK VALUE
At 31 December 2023 118,885
At 31 December 2022 112,259

Crown Construction Insulation Limited (Registered number: 03033850)

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

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£ £
Investment 140,591 140,591

The fixed asset investment relates to the purchase of entire issued share capital of NM Properties (Knowsley) Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 563,875 523,081
Other debtors 158,094 543,302
721,969 1,066,383

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 361,585 198,374
Taxation and social security 136,749 373,782
Other creditors 501,564 452,011
1,009,898 1,034,167

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Bank loans 14,167 24,240

9. SECURED DEBTS

The Bank loan and hire purchase liabilities are secured against the assets to which they relate.

10. ULTIMATE CONTROLLING PARTY

Shares are owned 50% B Joseph and 50% J Joseph.