Crown Cars Limited
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Company registration number 10194696
Date
Approval date of the accounts by the board 03/01/2025
Date
Date of signing on the audit/accountants report 03/01/2025
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director M F M Basheer
Or, name of secretary
Name of director signing balance sheet M F M Basheer
Address of registered office:
Address line 1 1 John Brackpool Close
Address line 2 Crawley
City or town
County or region
Postcode RH10 8FA
Name of senior statutory auditor
Name of auditors/accountants B A Brown Ltd
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 Holly House
Address line 2 Copthorne Bank
City or town Copthorne
County or region West Sussex
Postcode RH10 3JH
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 1 2
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
10194696
Crown Cars Limited
Filleted Accounts
31 May 2024
Crown Cars Limited
Registered number: 10194696
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,765 8,546
Current assets
Debtors 4 51,895 48,037
Cash at bank and in hand 63,805 30,859
115,700 78,896
Creditors: amounts falling due within one year 5 (107,606) (84,154)
Net current assets/(liabilities) 8,094 (5,258)
Total assets less current liabilities 25,859 3,288
Creditors: amounts falling due after more than one year 6 (13,500) 364
Net assets 12,359 3,652
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,259 3,552
Shareholder's funds 12,359 3,652
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.
M F M Basheer
Director
Approved by the board on 3 January 2025
Crown Cars Limited
Notes to the Accounts
for the year ended 31 May 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:
Fixtures, fittings, tools and equipment over 5 years
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 3,446 10,833 14,279
Additions - 13,659 13,659
At 31 May 2024 3,446 24,492 27,938
Depreciation
At 1 June 2023 2,184 3,549 5,733
Charge for the year 252 4,188 4,440
At 31 May 2024 2,436 7,737 10,173
Net book value
At 31 May 2024 1,010 16,755 17,765
At 31 May 2023 1,262 7,284 8,546
4 Debtors 2024 2023
£ £
Trade debtors 51,895 48,037
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 37,218 25,987
Other creditors 70,388 58,167
107,606 84,154
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - (364)
Obligations under finance lease and hire purchase contracts 13,500 -
13,500 (364)
7 Other information
Crown Cars Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 John Brackpool Close
Crawley
RH10 8FA
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