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REGISTERED NUMBER: 05324486 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Crown Building Solutions Limited

Crown Building Solutions Limited (Registered number: 05324486)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Crown Building Solutions Limited (Registered number: 05324486)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 20,127 17,521

CURRENT ASSETS
Stocks 40,000 110,000
Debtors 5 34,228 55,244
Cash at bank 73,478 20,629
147,706 185,873
CREDITORS
Amounts falling due within one year 6 (119,405 ) (165,753 )
NET CURRENT ASSETS 28,301 20,120
TOTAL ASSETS LESS CURRENT LIABILITIES 48,428 37,641

CREDITORS
Amounts falling due after more than one
year

7

(28,447

)

(36,653

)
NET ASSETS 19,981 988

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,881 888
SHAREHOLDERS' FUNDS 19,981 988

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

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

The director acknowledges his 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 Building Solutions Limited (Registered number: 05324486)

Balance Sheet - continued
31 January 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 director and authorised for issue on 18 October 2024 and were signed by:





Mr M J Barber - Director


Crown Building Solutions Limited (Registered number: 05324486)

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

1. STATUTORY INFORMATION

Crown Building Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05324486

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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, net of VAT and trade discounts.

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 20% on cost
Office equipment - 33% on cost

Stocks
Stocks and work in progress 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.

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.

Crown Building Solutions Limited (Registered number: 05324486)

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

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 8,721 49,321 7,237 65,279
Additions - 9,794 - 9,794
Disposals (274 ) (6,800 ) (5,051 ) (12,125 )
At 31 January 2024 8,447 52,315 2,186 62,948
DEPRECIATION
At 1 February 2023 8,064 33,001 6,693 47,758
Charge for year 141 6,779 268 7,188
Eliminated on disposal (274 ) (6,800 ) (5,051 ) (12,125 )
At 31 January 2024 7,931 32,980 1,910 42,821
NET BOOK VALUE
At 31 January 2024 516 19,335 276 20,127
At 31 January 2023 657 16,320 544 17,521

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 20,197
Additions 9,794
At 31 January 2024 29,991
DEPRECIATION
At 1 February 2023 11,310
Charge for year 4,529
At 31 January 2024 15,839
NET BOOK VALUE
At 31 January 2024 14,152
At 31 January 2023 8,887

Crown Building Solutions Limited (Registered number: 05324486)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 15,018 24,407
Other debtors 19,210 30,837
34,228 55,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,085 14,227
Hire purchase contracts 6,883 3,820
Trade creditors 22,992 41,133
Taxation and social security 33,134 65,280
Other creditors 46,311 41,293
119,405 165,753

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 17,375 27,460
Hire purchase contracts 11,072 9,193
28,447 36,653

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 17,955 13,013

Hire purchase creditors are secured on the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr M J Barber
Balance outstanding at start of year 30,836 49,267
Amounts repaid (11,625 ) (18,431 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,211 30,836