Registered number
11566549
P CRUMPTON HOLDINGS LIMITED
Filleted Accounts
30 March 2024
P CRUMPTON HOLDINGS LIMITED
Registered number: 11566549
Balance Sheet
as at 30 March 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 226 282
Current assets
Debtors 4 15,533 4,886
Cash at bank and in hand 210 32,776
15,743 37,662
Creditors: amounts falling due within one year 5 (8,213) (10,565)
Net current assets 7,530 27,097
Total assets less current liabilities 7,756 27,379
Creditors: amounts falling due after more than one year 6 - (14,301)
Net assets 7,756 13,078
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,656 12,978
Shareholder's funds 7,756 13,078
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Crumpton
Director
Approved by the board on 17 March 2025
P CRUMPTON HOLDINGS LIMITED
Notes to the Accounts
for the period from 1 October 2022 to 30 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 688
At 30 March 2024 688
Depreciation
At 1 October 2022 406
Charge for the period 56
At 30 March 2024 462
Net book value
At 30 March 2024 226
At 30 September 2022 282
4 Debtors 2024 2022
£ £
Other debtors 15,533 4,886
5 Creditors: amounts falling due within one year 2024 2022
£ £
Trade creditors - 600
Amounts owed to group undertakings and undertakings in which the company has a participating interest 8,213 7,813
Taxation and social security costs - 2,152
8,213 10,565
6 Creditors: amounts falling due after one year 2024 2022
£ £
Bank loans - 14,301
7 Other information
P CRUMPTON HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 Darwin House
Dudley Innovation Centre
Pensnett Estate
Kingswinford
DY6 7YB
P CRUMPTON HOLDINGS LIMITED 11566549 false 2022-10-01 2024-03-30 2024-03-30 VT Final Accounts July 2024 Paul Crumpton No description of principal activity 11566549 2021-10-01 2022-09-30 11566549 core:WithinOneYear 2022-09-30 11566549 core:AfterOneYear 2022-09-30 11566549 core:ShareCapital 2022-09-30 11566549 core:RetainedEarningsAccumulatedLosses 2022-09-30 11566549 2022-10-01 2024-03-30 11566549 bus:PrivateLimitedCompanyLtd 2022-10-01 2024-03-30 11566549 bus:AuditExemptWithAccountantsReport 2022-10-01 2024-03-30 11566549 bus:Director40 2022-10-01 2024-03-30 11566549 1 2022-10-01 2024-03-30 11566549 2 2022-10-01 2024-03-30 11566549 core:PlantMachinery 2022-10-01 2024-03-30 11566549 countries:England 2022-10-01 2024-03-30 11566549 bus:FRS102 2022-10-01 2024-03-30 11566549 bus:FilletedAccounts 2022-10-01 2024-03-30 11566549 2024-03-30 11566549 core:WithinOneYear 2024-03-30 11566549 core:AfterOneYear 2024-03-30 11566549 core:ShareCapital 2024-03-30 11566549 core:RetainedEarningsAccumulatedLosses 2024-03-30 11566549 core:PlantMachinery 2024-03-30 11566549 2022-09-30 11566549 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure