Registered number
11235886
CR Utilities Ltd
Filleted Accounts
31 March 2024
CR Utilities Ltd
Registered number: 11235886
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,878 27,348
Current assets
Debtors 4 59,513 101,386
Cash at bank and in hand 139,147 127,517
198,660 228,903
Creditors: amounts falling due within one year 5 (38,430) (91,082)
Net current assets 160,230 137,821
Total assets less current liabilities 182,108 165,169
Creditors: amounts falling due after more than one year 6 (17,640) (27,432)
Net assets 164,468 137,737
Capital and reserves
Called up share capital 100 100
Profit and loss account 164,368 137,637
Shareholder's funds 164,468 137,737
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Ritchie
Director
Approved by the board on 27 December 2024
CR Utilities Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% reducing balance
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 5,348 49,315 54,663
At 31 March 2024 5,348 49,315 54,663
Depreciation
At 1 April 2023 2,610 24,705 27,315
Charge for the year 548 4,922 5,470
At 31 March 2024 3,158 29,627 32,785
Net book value
At 31 March 2024 2,190 19,688 21,878
At 31 March 2023 2,738 24,610 27,348
4 Debtors 2024 2023
£ £
Trade debtors 11,470 7,470
Other debtors 48,043 93,916
59,513 101,386
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,693 10,901
Taxation and social security costs 25,137 78,881
Other creditors 2,600 1,300
38,430 91,082
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,640 27,432
7 Controlling party
The company was under the control of the director throughout the current and previous years.
8 Other information
CR Utilities Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Beaumont House
Redburn Road
Newcastle Upon Tyne
NE5 1NB
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