2 2 W.J. Crabbe Engineering Ltd NI046442 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is general engineering work Digita Accounts Production Advanced 6.30.9574.0 true NI046442 2023-07-01 2024-06-30 NI046442 2024-06-30 NI046442 bus:OrdinaryShareClass1 2024-06-30 NI046442 core:CurrentFinancialInstruments 2024-06-30 NI046442 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 NI046442 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 NI046442 core:OtherPropertyPlantEquipment 2024-06-30 NI046442 bus:SmallEntities 2023-07-01 2024-06-30 NI046442 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 NI046442 bus:FilletedAccounts 2023-07-01 2024-06-30 NI046442 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI046442 bus:RegisteredOffice 2023-07-01 2024-06-30 NI046442 bus:Director1 2023-07-01 2024-06-30 NI046442 bus:Director2 2023-07-01 2024-06-30 NI046442 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 NI046442 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI046442 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 NI046442 core:PlantMachinery 2023-07-01 2024-06-30 NI046442 countries:AllCountries 2023-07-01 2024-06-30 NI046442 2023-06-30 NI046442 core:OtherPropertyPlantEquipment 2023-06-30 NI046442 2022-07-01 2023-06-30 NI046442 2023-06-30 NI046442 bus:OrdinaryShareClass1 2023-06-30 NI046442 core:CurrentFinancialInstruments 2023-06-30 NI046442 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 NI046442 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 NI046442 core:OtherPropertyPlantEquipment 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI046442

W.J. Crabbe Engineering Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

W.J. Crabbe Engineering Ltd

(Registration number: NI046442)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,568

7,764

Current assets

 

Stocks

5

10,347

21,677

Debtors

6

1,688

2,629

Cash at bank and in hand

 

5,078

5,945

 

17,113

30,251

Creditors: Amounts falling due within one year

7

(3,590)

(3,577)

Net current assets

 

13,523

26,674

Total assets less current liabilities

 

19,091

34,438

Creditors: Amounts falling due after more than one year

7

(17,028)

(31,429)

Provisions for liabilities

(1,058)

(1,475)

Net assets

 

1,005

1,534

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

1,003

1,532

Shareholders' funds

 

1,005

1,534

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

W.J. Crabbe Engineering Ltd

(Registration number: NI046442)
Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 16 December 2024 and signed on its behalf by:
 

.........................................
Mrs Yvonne Mary Crabbe
Director

.........................................
Mr William James Crabbe
Director

 

W.J. Crabbe Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in N.Ireland.

The address of its registered office is: 55, Craignageeragh Road, Ahoghill, Ballymena, BT42 1LX.

These financial statements were authorised for issue by the Board on 16 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

W.J. Crabbe Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

W.J. Crabbe Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

W.J. Crabbe Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Plant and Machinery
£

Total
£

Cost or valuation

At 1 July 2023

41,162

41,162

Disposals

(4,300)

(4,300)

At 30 June 2024

36,862

36,862

Depreciation

At 1 July 2023

33,398

33,398

Charge for the year

626

626

Eliminated on disposal

(2,730)

(2,730)

At 30 June 2024

31,294

31,294

Carrying amount

At 30 June 2024

5,568

5,568

At 30 June 2023

7,764

7,764

5

Stocks

2024
£

2023
£

Stock of goods for resale

10,347

21,677

6

Debtors

Current

2024
£

2023
£

Trade debtors

683

1,072

Prepayments

1,005

807

Other debtors

-

750

 

1,688

2,629

 

W.J. Crabbe Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,575

1,565

Other creditors and accruals

2,015

2,012

3,590

3,577

Due after one year

Directors loan account

17,028

31,429

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

9

Dividends

2024

2023

£

£

Dividend paid during the year

-

2,000

10

Related party transactions

The following amount was owed to the directors at the year end:-

2024
 £

2023
 £

Directors loan account

17,028

31,429