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REGISTERED NUMBER: 00901837 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Craig Strong Machine Tools Limited

Craig Strong Machine Tools Limited (Registered number: 00901837)






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


Craig Strong Machine Tools Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P M Strong
J P Strong





SECRETARY: J P Strong





REGISTERED OFFICE: Bayton Road
Exhall
Coventry
CV7 9EL





REGISTERED NUMBER: 00901837 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Craig Strong Machine Tools Limited (Registered number: 00901837)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 606,618 644,441
Investments 5 50 50
606,668 644,491

CURRENT ASSETS
Stocks 503,271 349,676
Debtors 6 278,728 243,953
Cash at bank 255,497 466,536
1,037,496 1,060,165
CREDITORS
Amounts falling due within one year 7 168,843 223,731
NET CURRENT ASSETS 868,653 836,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,475,321

1,480,925

PROVISIONS FOR LIABILITIES - 22,456
NET ASSETS 1,475,321 1,458,469

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 49 49
Retained earnings 1,475,172 1,458,320
SHAREHOLDERS' FUNDS 1,475,321 1,458,469

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 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.

Craig Strong Machine Tools Limited (Registered number: 00901837)

Balance Sheet - continued
31 March 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 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 15 November 2024 and were signed on its behalf by:




P M Strong - Director



J P Strong - Director


Craig Strong Machine Tools Limited (Registered number: 00901837)

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

1. STATUTORY INFORMATION

Craig Strong Machine Tools 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 (£).


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 represents net invoiced sales of goods excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

Deferred taxation
Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred taxation is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Craig Strong Machine Tools Limited (Registered number: 00901837)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 532,448 35,504 99,711
Additions - - 195
Disposals - - (22,688 )
At 31 March 2024 532,448 35,504 77,218
DEPRECIATION
At 1 April 2023 6,196 22,874 71,679
Charge for year 10,649 1,263 6,941
Eliminated on disposal - - (21,505 )
At 31 March 2024 16,845 24,137 57,115
NET BOOK VALUE
At 31 March 2024 515,603 11,367 20,103
At 31 March 2023 526,252 12,630 28,032

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 114,254 104,072 29,954 915,943
Additions - 2,400 2,606 5,201
Disposals - - (2,298 ) (24,986 )
At 31 March 2024 114,254 106,472 30,262 896,158
DEPRECIATION
At 1 April 2023 111,928 41,721 17,104 271,502
Charge for year 581 16,088 6,093 41,615
Eliminated on disposal - - (2,072 ) (23,577 )
At 31 March 2024 112,509 57,809 21,125 289,540
NET BOOK VALUE
At 31 March 2024 1,745 48,663 9,137 606,618
At 31 March 2023 2,326 62,351 12,850 644,441

Craig Strong Machine Tools Limited (Registered number: 00901837)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 50
NET BOOK VALUE
At 31 March 2024 50
At 31 March 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 243,502 191,781
Amounts owed by group undertakings 30,444 30,444
Other debtors 4,782 21,728
278,728 243,953

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 39,007 65,878
Taxation and social security 76,838 123,132
Other creditors 52,998 34,721
168,843 223,731

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £47,357 (2023- £25,967) owed to the directors Mr and Mrs Strong. This amount is interest free and has no set terms of repayment.

9. RELATED PARTY DISCLOSURES

Transactions with 1st Machinery Auctions Limited:

The company traded with 1st Machinery Auctions Limited, a company which is jointly controlled by Craig Strong Limited and in which Mr P Strong is a director. In relation to intercompany transactions, £30,444 (2023: £30,444) was owed from 1st Machinery Auctions Limited at the year end.

During the year, the company made sales to and purchases from 1st Machinery Auctions Limited, amounting to £235,461 (2023: £378) and £441 (2023: £23,873) respectively.

10. ULTIMATE CONTROLLING PARTY

The directors Mr Paul Strong and Mrs Julie Strong controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.