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Registered number: 11370219
CRC (2018) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11370219
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 17,000 21,000
Tangible Assets 5 8,840 10,159
25,840 31,159
CURRENT ASSETS
Stocks 6 7,250 8,400
Debtors 7 38,949 31,827
Cash at bank and in hand 5,712 15,740
51,911 55,967
Creditors: Amounts Falling Due Within One Year 8 (35,501 ) (43,043 )
NET CURRENT ASSETS (LIABILITIES) 16,410 12,924
TOTAL ASSETS LESS CURRENT LIABILITIES 42,250 44,083
NET ASSETS 42,250 44,083
CAPITAL AND RESERVES
Called up share capital 9 350 350
Share premium account 49,753 49,753
Profit and Loss Account (7,853 ) (6,020 )
SHAREHOLDERS' FUNDS 42,250 44,083
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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
A Aksoy
Director
P A Poulton
Director
S M Poulton
Director
21 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CRC (2018) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11370219 . The registered office is 109 Brook Street, Chester, CH1 3DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. As the director will continue to make funds available to the company in future, he believes that the going concern basis is appropriate for these financial statements.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. 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:
Freehold over 10 years
Plant & Machinery 25% on cost
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable.
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 years 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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company makes contributions into employees' defined pension contribution schemes. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 40,000
As at 31 May 2024 40,000
Amortisation
As at 1 June 2023 19,000
Provided during the period 4,000
As at 31 May 2024 23,000
Net Book Value
As at 31 May 2024 17,000
As at 1 June 2023 21,000
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 June 2023 13,217 5,020 18,237
Additions - 1,667 1,667
As at 31 May 2024 13,217 6,687 19,904
Depreciation
As at 1 June 2023 5,724 2,354 8,078
Provided during the period 1,322 1,664 2,986
As at 31 May 2024 7,046 4,018 11,064
Net Book Value
As at 31 May 2024 6,171 2,669 8,840
As at 1 June 2023 7,493 2,666 10,159
6. Stocks
2024 2023
£ £
Materials 7,250 8,400
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 38,949 31,827
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,734 2,672
Amounts owed to participating interests 2,499 2,500
Other creditors 23,780 29,734
Taxation and social security 6,488 8,137
35,501 43,043
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 350 350
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Alper Aksoy 6,789 - (312 ) - 6,477
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
The directors S Poulton and P Poulton have made an interest free loans available to the company of £13,159 and £311 (2023 - £12,848 and £nil) respectively which is repayable on demand.
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