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REGISTERED NUMBER: 05034830 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CRAYFORD SYBOURN LIMITED

CRAYFORD SYBOURN LIMITED (REGISTERED NUMBER: 05034830)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRAYFORD SYBOURN LIMITED

COMPANY INFORMATION
For The Year Ended 29 February 2024







DIRECTORS: D J Webster
N C Perrin





SECRETARY: N C Perrin





REGISTERED OFFICE: 900, Cornwallis House
Howard Chase
Basildon
Essex
SS14 3BB





REGISTERED NUMBER: 05034830 (England and Wales)





ACCOUNTANTS: Wilshers
900, Cornwallis House
Howard Chase
Basildon
Essex
SS14 3BB

CRAYFORD SYBOURN LIMITED (REGISTERED NUMBER: 05034830)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,253 196,337

CURRENT ASSETS
Debtors 5 173,767 252,534
Cash at bank 3,938 1,637
177,705 254,171
CREDITORS
Amounts falling due within one year 6 199,852 249,659
NET CURRENT (LIABILITIES)/ASSETS (22,147 ) 4,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,106

200,849

CREDITORS
Amounts falling due after more than one year 7 (75,977 ) (154,922 )

PROVISIONS FOR LIABILITIES 9 (27,978 ) (31,407 )
NET ASSETS 21,151 14,520

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 21,141 14,510
SHAREHOLDERS' FUNDS 21,151 14,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

CRAYFORD SYBOURN LIMITED (REGISTERED NUMBER: 05034830)

BALANCE SHEET - continued
29 February 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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





N C Perrin - Director


CRAYFORD SYBOURN LIMITED (REGISTERED NUMBER: 05034830)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

Crayford Sybourn 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.

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.
Office furniture and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Assets are not depreciated in the year of purchase.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

CRAYFORD SYBOURN LIMITED (REGISTERED NUMBER: 05034830)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Office
furniture
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 56,032 237,675 293,707
DEPRECIATION
At 1 March 2023 51,302 46,068 97,370
Charge for year 1,182 47,902 49,084
At 29 February 2024 52,484 93,970 146,454
NET BOOK VALUE
At 29 February 2024 3,548 143,705 147,253
At 28 February 2023 4,730 191,607 196,337

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors (see note 10) 159,690 225,785
Taxation - 11,922
Prepayments and accrued income 14,077 14,827
173,767 252,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 6,677 8,577
Hire purchase contracts 45,493 47,008
Social security and other taxes 20,363 28,605
Creditors and accrued charges 38,232 30,437
Factoring loan 89,087 135,032
199,852 249,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 12,512 20,408
Hire purchase contracts 39,757 84,689
Directors loan accounts 23,708 49,825
75,977 154,922

CRAYFORD SYBOURN LIMITED (REGISTERED NUMBER: 05034830)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 85,250 131,697
Bank loans and overdrafts 19,189 28,985
Factoring loan 89,087 135,032
193,526 295,714

The company has entered into a factoring agreement with Close Brothers Invoice Finance Limited in respect of its trade debtors. A fixed and floating charge has been given over all the company's assets.

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 27,978 31,407

Deferred
tax
£   
Balance at 1 March 2023 31,407
Accelerated capital allowances (9,326 )
Tax losses 5,897
Balance at 29 February 2024 27,978

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
10 Ordinary 1 10 10

11. RESERVES
Retained
earnings
£   

At 1 March 2023 14,510
Profit for the year 6,631
At 29 February 2024 21,141