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REGISTERED NUMBER: 06203641 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 31 MARCH 2022 TO 29 SEPTEMBER 2023

FOR

CRUSADER VEHICLES LIMITED

CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MARCH 2022 TO 29 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRUSADER VEHICLES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 MARCH 2022 TO 29 SEPTEMBER 2023







DIRECTORS: K Shoebridge
D R Shoebridge
S M B Thompson





REGISTERED OFFICE: Crusader House
High Street
Buxted
TN22 4LA





REGISTERED NUMBER: 06203641 (England and Wales)





AUDITORS: Galloways Accounting (Audit) Limited
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641)

BALANCE SHEET
29 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 5,420 2,789
Tangible assets 6 293,559 131,196
298,979 133,985

CURRENT ASSETS
Stocks 880,502 300,280
Debtors 7 1,381,913 777,418
Cash at bank 1,414,624 330,044
3,677,039 1,407,742
CREDITORS
Amounts falling due within one year 8 3,219,847 565,226
NET CURRENT ASSETS 457,192 842,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

756,171

976,501

CREDITORS
Amounts falling due after more than one
year

9

(140,308

)

(102,087

)

PROVISIONS FOR LIABILITIES (68,880 ) (22,634 )
NET ASSETS 546,983 851,780

CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 546,683 851,480
SHAREHOLDERS' FUNDS 546,983 851,780

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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





D R Shoebridge - Director


CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MARCH 2022 TO 29 SEPTEMBER 2023

1. STATUTORY INFORMATION

Crusader Vehicles 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are for the eighteen months from 31 March 2022 to 29 September 2023, whereas the comparatives are for the twelve months from 31 March 2021 to 30 March 2022. The balance sheet date was changed for administrative purposes. The comparatives are not entirely comparable.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern

The directors have taken steps to ensure the company continues as a going concern for the foreseeable future, including addressing company strategy and future distributions. Therefore, the directors believe that the financial statements should be prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of vehicles is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliability, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from commission is recognised at the date of sale of the vehicle to which the commission relates.

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.

Websites are being amortised evenly over their estimated useful life of thirty three years.

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 - 33% on cost, 25% on reducing balance, 25% on cost and 2% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

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.

CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2022 TO 29 SEPTEMBER 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Taxation
Taxation for the period 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 period 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
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2022 - 20 ) .

CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2022 TO 29 SEPTEMBER 2023

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 March 2022 2,875
Additions 2,875
At 29 September 2023 5,750
AMORTISATION
At 31 March 2022 86
Charge for period 244
At 29 September 2023 330
NET BOOK VALUE
At 29 September 2023 5,420
At 30 March 2022 2,789

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2022 227,310
Additions 285,126
Disposals (35,929 )
At 29 September 2023 476,507
DEPRECIATION
At 31 March 2022 96,114
Charge for period 95,583
Eliminated on disposal (8,749 )
At 29 September 2023 182,948
NET BOOK VALUE
At 29 September 2023 293,559
At 30 March 2022 131,196

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,201,907 321,591
Amounts owed by group undertakings 5,495 381,909
Other debtors 174,511 73,918
1,381,913 777,418

CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2022 TO 29 SEPTEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 95,467 26,561
Trade creditors 1,506,903 357,410
Amounts owed to group undertakings 101,253 25,972
Taxation and social security 120,583 103,111
Other creditors 1,385,641 42,172
3,219,847 565,226

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,500 32,500
Hire purchase contracts 122,808 69,587
140,308 102,087

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 218,275 96,148

The hire purchase liabilities are secured on the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 (2022: 100) Ordinary A £0.001 (2022: £1 ) 100 100
100,000 (2022: 100) Ordinary B £0.001 (2022: £1 ) 100 100
100,000 (2022: 100) Ordinary C £0.001 (2022: £1 ) 100 100
300 300

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christian Heeger BSc FCA (Senior Statutory Auditor)
for and on behalf of Galloways Accounting (Audit) Limited

13. OFF-BALANCE SHEET ARRANGEMENTS

At the period end, the company had non-cancellable operating lease commitments amounting to £124,161 (2022: £130,245).

14. PARENT COMPANY

Crusader Vehicles Limited is a subsidiary of FFTF Holdings Ltd. Its registered office is Crusader House, High Street, Buxted, Uckfield, East Sussex TN22 4LA. FFTF Holdings Ltd prepares group accounts, which can be obtained from https://find-and-update.company-information.service.gov.uk.