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Company No: 14583430 (England and Wales)

CRG AC LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 10 JANUARY 2023 TO 31 JANUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

CRG AC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 10 JANUARY 2023 TO 31 JANUARY 2024

Contents

CRG AC LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 10 JANUARY 2023 TO 31 JANUARY 2024
CRG AC LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 10 JANUARY 2023 TO 31 JANUARY 2024
DIRECTORS A George (Appointed 10 January 2023)
F L J Pearson (Appointed 10 January 2023)
REGISTERED OFFICE 172 Sea Front
Hayling Island
PO11 9HP
United Kingdom
COMPANY NUMBER 14583430 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
CRG AC LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2024
CRG AC LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 JANUARY 2024
Note 31.01.2024
£
Current assets
Debtors 3 12,117
Cash at bank and in hand 4 18,707
30,824
Creditors: amounts falling due within one year 5 ( 8,226)
Net current assets 22,598
Total assets less current liabilities 22,598
Net assets 22,598
Capital and reserves
Called-up share capital 6 100
Profit and loss account 22,498
Total shareholders' funds 22,598

For the financial period ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of CRG AC Limited (registered number: 14583430) were approved and authorised for issue by the Board of Directors on 07 January 2025. They were signed on its behalf by:

A George
Director
CRG AC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 10 JANUARY 2023 TO 31 JANUARY 2024
CRG AC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 10 JANUARY 2023 TO 31 JANUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

CRG AC Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 172 Sea Front , Hayling Island, PO11 9HP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
10.01.2023 to
31.01.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 3

3. Debtors

31.01.2024
£
Amounts owed by related parties 5,747
S455 843
Other debtors 5,527
12,117

4. Cash and cash equivalents

31.01.2024
£
Cash at bank and in hand 18,707

5. Creditors: amounts falling due within one year

31.01.2024
£
Accruals 2,000
Taxation and social security 6,226
8,226

6. Called-up share capital

31.01.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100