Company Registration No. 08040156 (England and Wales)
CRC (London) Limited
Unaudited accounts
for the year ended 31 May 2024
CRC (London) Limited
Unaudited accounts
Contents
CRC (London) Limited
Company Information
for the year ended 31 May 2024
Company Number
08040156 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Hertfordshire
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
CRC (London) Limited
Statement of financial position
as at 31 May 2024
Tangible assets
132,279
9,956
Inventories
687,571
374,156
Cash at bank and in hand
277,783
205,074
Creditors: amounts falling due within one year
(62,534)
(49,679)
Net current assets
931,610
537,548
Total assets less current liabilities
1,063,889
547,504
Creditors: amounts falling due after more than one year
(849,719)
(478,057)
Called up share capital
100
100
Profit and loss account
214,070
69,347
Shareholders' funds
214,170
69,447
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 February 2025 and were signed on its behalf by
Mr N. Mohoonee
Director
Company Registration No. 08040156
CRC (London) Limited
Notes to the Accounts
for the year ended 31 May 2024
CRC (London) Limited is a private company, limited by shares, registered in England and Wales, registration number 08040156. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
CRC (London) Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
6,000
2,773
3,600
12,373
Additions
123,380
8,548
3,961
135,889
At 31 May 2024
129,380
11,321
7,561
148,262
At 1 June 2023
1,458
271
688
2,417
Charge for the year
11,055
892
1,619
13,566
At 31 May 2024
12,513
1,163
2,307
15,983
At 31 May 2024
116,867
10,158
5,254
132,279
At 31 May 2023
4,542
2,502
2,912
9,956
Amounts falling due within one year
Other debtors
28,790
5,540
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,908
11,908
Obligations under finance leases and hire purchase contracts
24,608
-
Taxes and social security
20,978
20,151
Loans from directors
1,752
491
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
72,784
-
Other creditors
765,783
455,783
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
CRC (London) Limited
Notes to the Accounts
for the year ended 31 May 2024
9
Transactions with related parties
The company was under the control of Mr N. Mohoonee during the current year. Mr N. Mohoonee is personally interested in 100% of the company's share capital.
During the year Mr N. Mohoonee received a dividend of £50,000 (2023: £28,000)
10
Average number of employees
During the year the average number of employees was 17 (2023: 17).