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Registered number: 03558365
Crowther Contract Carriers Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03558365
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 90,289 58,002
90,289 58,002
CURRENT ASSETS
Debtors 5 1,252,464 1,062,125
Cash at bank and in hand 180,946 164,443
1,433,410 1,226,568
Creditors: Amounts Falling Due Within One Year 6 (971,258 ) (868,240 )
NET CURRENT ASSETS (LIABILITIES) 462,152 358,328
TOTAL ASSETS LESS CURRENT LIABILITIES 552,441 416,330
Creditors: Amounts Falling Due After More Than One Year 7 (37,310 ) (37,620 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,571 ) (18,571 )
NET ASSETS 496,560 360,139
CAPITAL AND RESERVES
Called up share capital 9 20,002 20,002
Profit and Loss Account 476,558 340,137
SHAREHOLDERS' FUNDS 496,560 360,139
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Ann Crowther
Director
26 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Crowther Contract Carriers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03558365 . The registered office is Bottings Industrial Estate, Curdridge, Southampton, Hampshire, SO30 2GE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% straight line basis
Plant & Machinery 20% reducing balance basis
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 20% reducing balance basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 92 88
92 88
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 June 2023 7,084 8,869 165,407 22,126 203,486
Additions - 23,675 58,995 - 82,670
Disposals - - (22,000 ) - (22,000 )
As at 31 May 2024 7,084 32,544 202,402 22,126 264,156
Depreciation
As at 1 June 2023 7,084 8,377 109,420 20,603 145,484
Provided during the period - 4,833 23,246 304 28,383
As at 31 May 2024 7,084 13,210 132,666 20,907 173,867
Net Book Value
As at 31 May 2024 - 19,334 69,736 1,219 90,289
As at 1 June 2023 - 492 55,987 1,523 58,002
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,233,150 1,058,247
Other debtors 2,578 3,878
Other taxes and social security 16,736 -
1,252,464 1,062,125
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,033 15,033
Trade creditors 52,466 160,126
Bank loans and overdrafts 191,143 108,574
Corporation tax 231,867 150,359
VAT 249,028 202,427
Other creditors 2,370 2,370
Accruals and deferred income 229,351 229,351
971,258 868,240
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 37,310 37,620
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,033 15,033
Later than one year and not later than five years 37,310 37,620
52,343 52,653
52,343 52,653
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,002 20,002
2024 2023
Allotted, called up and fully paid £ £
20,002 Ordinary Shares of £ 1.000 each 20,002 20,002
The company was under the control of the Directors throughout the year.
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