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REGISTERED NUMBER: 08425316 (England and Wales)

















CRK Engineering Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






CRK Engineering Limited (Registered number: 08425316)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRK Engineering Limited

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mrs T S Kemp-Mitchell





REGISTERED OFFICE: 4A Bergen Way
Sutton Fields
Hull
East Yorkshire
HU7 0YQ





REGISTERED NUMBER: 08425316 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

CRK Engineering Limited (Registered number: 08425316)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,377 55,502
Investment property 5 210,000 210,000
259,377 265,502

CURRENT ASSETS
Stocks 6 25,000 60,000
Debtors 7 185,473 111,993
Cash at bank 4,631 3,590
215,104 175,583
CREDITORS
Amounts falling due within one year 8 129,241 101,221
NET CURRENT ASSETS 85,863 74,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,240

339,864

CREDITORS
Amounts falling due after more than one
year

9

(153,810

)

(168,792

)

PROVISIONS FOR LIABILITIES (18,624 ) (21,850 )
NET ASSETS 172,806 149,222

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 44,975 44,975
Retained earnings 127,731 104,147
SHAREHOLDERS' FUNDS 172,806 149,222

CRK Engineering Limited (Registered number: 08425316)

BALANCE SHEET - continued
31 March 2024


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

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

The director acknowledges her 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





Mrs T S Kemp-Mitchell - Director


CRK Engineering Limited (Registered number: 08425316)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

CRK Engineering 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold property improvement - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is calculated on Freehold Land. Depreciation on Freehold Buildings is calculated so as to write off the cost less the residual value over the useful economic life of the building to the business. The company's policy on the maintenance of buildings is such that the directors expect the residual values of the buildings to be equal to or greater than the cost.

Government grants
Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets. Grants related to expenses are treated as income in the profit and loss account in the period they are receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

CRK Engineering Limited (Registered number: 08425316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property Plant and and Motor
improvement machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 45,094 152,287 13,277 49,028 259,686
Additions - 2,169 - 14,349 16,518
Disposals - (21,738 ) - (41,234 ) (62,972 )
At 31 March 2024 45,094 132,718 13,277 22,143 213,232
DEPRECIATION
At 1 April 2023 24,426 124,971 10,782 44,005 204,184
Charge for year 4,510 6,516 624 3,934 15,584
Eliminated on disposal - (18,315 ) - (37,598 ) (55,913 )
At 31 March 2024 28,936 113,172 11,406 10,341 163,855
NET BOOK VALUE
At 31 March 2024 16,158 19,546 1,871 11,802 49,377
At 31 March 2023 20,668 27,316 2,495 5,023 55,502

CRK Engineering Limited (Registered number: 08425316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 14,349
At 31 March 2024 14,349
DEPRECIATION
Charge for year 3,587
At 31 March 2024 3,587
NET BOOK VALUE
At 31 March 2024 10,762

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 210,000
NET BOOK VALUE
At 31 March 2024 210,000
At 31 March 2023 210,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 36,832
Valuation in 2019 15,000
Valuation in 2021 10,000
Cost 148,168
210,000

If the property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 148,168 148,168

Investment property was valued on an open market basis on 31 March 2023 by the director .

6. STOCKS
2024 2023
£    £   
Stocks 25,000 60,000

CRK Engineering Limited (Registered number: 08425316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 177,245 104,609
Prepayments 8,228 7,384
185,473 111,993

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,333 22,927
Other loans 12,000 -
Hire purchase contracts 4,326 -
Trade creditors 25,697 30,245
Tax 4,128 3,156
Social security and other taxes 1,151 5,957
VAT 2,377 16,551
Directors' current accounts 40,944 7,893
Accruals 10,282 9,748
Receipts in advance 5,003 4,744
129,241 101,221

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,087 23,497
Bank loans - 2-5 years 26,442 27,234
Bank loans more 5 yr by instal 8,176 18,061
Hire purchase contracts 9,105 -
Directors' loan accounts 100,000 100,000
153,810 168,792

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,176 18,061

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 48,593 55,608

The bank loan is secured with a fixed and floating charge over the assets of the company.