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Registered number: 11841254
Crucast Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Cooper Associates Accountants Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11841254
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,870 47,829
Investments 5 200,500 200,500
233,370 248,329
CURRENT ASSETS
Debtors 7 91 -
Cash at bank and in hand 205,668 333,477
205,759 333,477
Creditors: Amounts Falling Due Within One Year 8 (106,357 ) (163,924 )
NET CURRENT ASSETS (LIABILITIES) 99,402 169,553
TOTAL ASSETS LESS CURRENT LIABILITIES 332,772 417,882
Creditors: Amounts Falling Due After More Than One Year 9 (37,108 ) (42,243 )
NET ASSETS 295,664 375,639
CAPITAL AND RESERVES
Called up share capital 11 20 20
Profit and Loss Account 295,644 375,619
SHAREHOLDERS' FUNDS 295,664 375,639
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Perry
Director
22nd November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Crucast Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11841254 . The registered office is 40 St James Buildings, St James Street, Taunton, Somerset, TA1 1JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% straight line
Motor Vehicles 25% straight line
Office equipment 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Office equipment Total
£ £ £ £
Cost
As at 1 April 2023 1,224 60,696 12,701 74,621
Additions 186 - 2,704 2,890
As at 31 March 2024 1,410 60,696 15,405 77,511
Depreciation
As at 1 April 2023 408 15,174 11,210 26,792
Provided during the period 334 15,174 2,341 17,849
As at 31 March 2024 742 30,348 13,551 44,641
Net Book Value
As at 31 March 2024 668 30,348 1,854 32,870
As at 1 April 2023 816 45,522 1,491 47,829
5. Investments
Unlisted
£
Cost
As at 1 April 2023 200,500
As at 31 March 2024 200,500
Provision
As at 1 April 2023 -
As at 31 March 2024 -
...CONTINUED
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Net Book Value
As at 31 March 2024 200,500
As at 1 April 2023 200,500
6. Stocks
2024 2023
£ £
7. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 91 -
91 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,885 7,885
Corporation tax 36,740 86,557
VAT 14,552 10,630
Credit card 11,482 5,853
Accruals - (1 )
Client money held (9 ) 51,389
Pension creditor 34,000 -
Accruals and deferred income 1,527 1,520
Directors' loan accounts 180 91
106,357 163,924
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 37,108 42,243
37,108 42,243
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,885 7,885
Later than one year and not later than five years 37,108 42,243
44,993 50,128
44,993 50,128
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10 Ordinary A shares of £ 1.00 each 10 10
10 Ordinary B shares of £ 1.00 each 10 10
20 20
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Joseph Perry (91 ) 812 (723 ) - (180 )
Miss Katy Steele 19 312 (403 ) - 91
The above loan is unsecured, interest free and repayable on demand.
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