Company Registration No. 01986755 (England and Wales)
Crynant Plant Limited
Unaudited accounts
for the year ended 31 May 2024
Crynant Plant Limited
Unaudited accounts
Contents
Crynant Plant Limited
Company Information
for the year ended 31 May 2024
Directors
P. Hopkins
H.L. Hopkins
Company Number
01986755 (England and Wales)
Registered Office
Llwyn Llanc Uchaf Farm
Crynant
Neath
Neath PT
SA10 8SF
UK
Accountants
M J Hazel & Co
30 Brookfield
Neath
Neath PT
SA10 7EH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Crynant Plant Limited for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Crynant Plant Limited for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Crynant Plant Limited, as a body, in accordance with the terms of our engagement letter dated 25 May 2018. Our work has been undertaken solely to prepare for your approval the accounts of Crynant Plant Limited and state those matters that we have agreed to state to the Board of Directors of Crynant Plant Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crynant Plant Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Crynant Plant Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Crynant Plant Limited. You consider that Crynant Plant Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Crynant Plant Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
M J Hazel & Co
Chartered Accountants
30 Brookfield
Neath
Neath PT
SA10 7EH
25 February 2025
Crynant Plant Limited
Statement of financial position
as at 31 May 2024
Tangible assets
374,907
258,124
Inventories
199,169
107,961
Debtors
1,861,247
1,785,885
Cash at bank and in hand
49,236
46,719
Creditors: amounts falling due within one year
(1,435,676)
(1,084,094)
Net current assets
673,976
856,471
Total assets less current liabilities
1,048,883
1,114,595
Creditors: amounts falling due after more than one year
(336,458)
(412,369)
Net assets
712,425
702,226
Called up share capital
2
2
Profit and loss account
712,423
702,224
Shareholders' funds
712,425
702,226
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 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 of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
P. Hopkins
Director
Company Registration No. 01986755
Crynant Plant Limited
Notes to the Accounts
for the year ended 31 May 2024
Crynant Plant Limited is a private company, limited by shares, registered in England and Wales, registration number 01986755. The registered office is Llwyn Llanc Uchaf Farm, Crynant, Neath, Neath PT, SA10 8SF, UK.
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.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
556,485
389,059
29,507
10,877
985,928
Additions
200,681
-
-
-
200,681
Disposals
(24,100)
-
-
-
(24,100)
At 31 May 2024
733,066
389,059
29,507
10,877
1,162,509
At 1 June 2023
361,950
329,922
24,976
10,956
727,804
Charge for the year
57,680
14,787
680
58
73,205
On disposals
(13,407)
-
-
-
(13,407)
At 31 May 2024
406,223
344,709
25,656
11,014
787,602
At 31 May 2024
326,843
44,350
3,851
(137)
374,907
At 31 May 2023
194,535
59,137
4,531
(79)
258,124
Crynant Plant Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
1,073,002
993,167
Accrued income and prepayments
18,369
23,449
Amounts falling due after more than one year
Other debtors
690,060
718,789
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
29,167
39,167
Obligations under finance leases and hire purchase contracts
29,679
35,820
Trade creditors
1,235,611
849,185
Taxes and social security
41,279
47,258
Other creditors
32,741
33,720
Loans from directors
34,089
34,089
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
106,626
34,695
Other creditors
227,832
375,674
Loans from directors
2,000
2,000
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 11 (2023: 14).