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REGISTERED NUMBER: 05563099 (England and Wales)
























Unaudited Financial Statements for the Year Ended 29 February 2024

for

CR Products Limited

CR Products Limited (Registered number: 05563099)






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


CR Products Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D N Thornton
M D Westwood
K C Ellington
N J Burrell





SECRETARY: D N Thornton





REGISTERED OFFICE: Churchfield House, Vicar Street
Dudley
West Midlands
DY2 8RG





REGISTERED NUMBER: 05563099 (England and Wales)





ACCOUNTANTS: KD3 Accountancy Services Ltd
Apex House
7 Park Lane Business Centre
Basford
Nottingham
Nottinghamshire
NG6 0DW

CR Products Limited (Registered number: 05563099)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,304 60,523
Investments 5 832 832
46,136 61,355

CURRENT ASSETS
Stocks 286,338 421,805
Debtors 6 436,633 477,627
Cash at bank and in hand 28,535 48,115
751,506 947,547
CREDITORS
Amounts falling due within one year 7 411,604 562,672
NET CURRENT ASSETS 339,902 384,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,038

446,230

CREDITORS
Amounts falling due after more than one
year

8

(27,512

)

(48,866

)

PROVISIONS FOR LIABILITIES (11,326 ) (15,131 )
NET ASSETS 347,200 382,233

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 346,200 381,233
347,200 382,233

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.

CR Products Limited (Registered number: 05563099)

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 21 November 2024 and were signed on its behalf by:





D N Thornton - Director


CR Products Limited (Registered number: 05563099)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

CR Products 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery5 - 10 years
Fixtures & fittings7 years
Computer equipment & software4 years

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.

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.

CR Products Limited (Registered number: 05563099)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 186,498
Additions 2,924
At 29 February 2024 189,422
DEPRECIATION
At 1 March 2023 125,975
Charge for year 18,143
At 29 February 2024 144,118
NET BOOK VALUE
At 29 February 2024 45,304
At 28 February 2023 60,523

CR Products Limited (Registered number: 05563099)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 15,370
DEPRECIATION
At 1 March 2023 4,611
Charge for year 3,074
At 29 February 2024 7,685
NET BOOK VALUE
At 29 February 2024 7,685
At 28 February 2023 10,759

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 832
NET BOOK VALUE
At 29 February 2024 832
At 28 February 2023 832

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 411,628 368,279
Amounts owed by group undertakings - 81,841
Other debtors 25,005 27,507
436,633 477,627

CR Products Limited (Registered number: 05563099)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,182 18,182
Hire purchase contracts 3,173 3,004
Trade creditors 294,742 464,720
Amounts owed to group undertakings 1,058 -
Taxation and social security 37,961 33,886
Other creditors 56,488 42,880
411,604 562,672

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,728 40,909
Hire purchase contracts 4,784 7,957
27,512 48,866

9. POST BALANCE SHEET EVENTS

In June 2024, 100% of the issued share capital of CR Products Limited was purchased by Toll Bar 1 Ltd.