REGISTERED NUMBER: 03842624 (England and Wales)

CROWN AEROSPACE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Dee

Miss E H Dee

Mrs N Dee

SECRETARY:

Mrs N Dee

REGISTERED OFFICE:

3 Kensworth Gate

200-204 High Street South

Dunstable

Bedfordshire

LU6 3HS

REGISTERED NUMBER:

03842624 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

58,758

21,739

CURRENT ASSETS

Stocks

1,500

1,500

Debtors

5

143,044

252,911

Prepayments and accrued income

373

351

Cash at bank and in hand

238,289

252,646

383,206

507,408

CREDITORS

Amounts falling due within one year

6

225,091

362,148

NET CURRENT ASSETS

158,115

145,260

TOTAL ASSETS LESS CURRENT LIABILITIES

216,873

166,999

CREDITORS

Amounts falling due after more than one year

7

(18,486

)

-

PROVISIONS FOR LIABILITIES

8

(12,758

)

(5,761

)

NET ASSETS

185,629

161,238

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

185,429

161,038

SHAREHOLDERS' FUNDS

185,629

161,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:

M J Dee - Director

1.	STATUTORY INFORMATION

Crown Aerospace Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

50% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

-

38,550

33,028

71,578

Additions

10,830

113

50,489

61,432

Disposals

-

(15,568

)

(33,028

)

(48,596

)

At 31 December 2024

10,830

23,095

50,489

84,414

DEPRECIATION

At 1 January 2024

-

25,138

24,701

49,839

Charge for year

216

1,455

12,622

14,293

Eliminated on disposal

-

(13,775

)

(24,701

)

(38,476

)

At 31 December 2024

216

12,818

12,622

25,656

NET BOOK VALUE

At 31 December 2024

10,614

10,277

37,867

58,758

At 31 December 2023

-

13,412

8,327

21,739

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

143,044

252,911

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

6,722

-

Trade creditors

110,671

191,217

Taxation and social security

101,363

149,059

Other creditors

6,335

21,872

225,091

362,148

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

18,486

-

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

12,758

5,761

Deferred

tax

£

Balance at 1 January 2024

5,761

Charge to Income Statement during year

6,997

Balance at 31 December 2024

12,758

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary £1"A"

£1

100

100

200

200

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

M J Dee and Mrs N Dee

Balance outstanding at start of year

19,611

11,166

Amounts advanced

-

8,445

Amounts repaid

(16,637

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,974

19,611