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REGISTERED NUMBER: SC533267 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

CRD PROPERTY RENOVATIONS &
REINSTATEMENTS LTD

CRD PROPERTY RENOVATIONS &
REINSTATEMENTS LTD (REGISTERED NUMBER: SC533267)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRD PROPERTY RENOVATIONS &
REINSTATEMENTS LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: R S Davies





REGISTERED OFFICE: Unit 9 C
Cathcart Place
Rutherglen
Glasgow
G73 2RB





REGISTERED NUMBER: SC533267 (Scotland)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

CRD PROPERTY RENOVATIONS &
REINSTATEMENTS LTD (REGISTERED NUMBER: SC533267)

BALANCE SHEET
30 April 2024

30.4.23 30.4.24
£    £    Notes £   
FIXED ASSETS
111,936 Tangible assets 5 173,974

CURRENT ASSETS
6,000 Stocks 8,200
563,049 Debtors 6 948,261
268,754 Cash at bank and in hand 62,041
837,803 1,018,502
CREDITORS
484,488 Amounts falling due within one year 7 694,711
353,315 NET CURRENT ASSETS 323,791
465,251 TOTAL ASSETS LESS CURRENT
LIABILITIES

497,765

CREDITORS
(85,822 ) Amounts falling due after more than one
year

8

(127,488

)

(21,181 ) PROVISIONS FOR LIABILITIES 10 (40,064 )
358,248 NET ASSETS 330,213

CAPITAL AND RESERVES
5,000 Called up share capital 5,000
353,248 Retained earnings 325,213
358,248 330,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CRD PROPERTY RENOVATIONS &
REINSTATEMENTS LTD (REGISTERED NUMBER: SC533267)

BALANCE SHEET - continued
30 April 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 May 2025 and were signed by:





R S Davies - Director


CRD PROPERTY RENOVATIONS &
REINSTATEMENTS LTD (REGISTERED NUMBER: SC533267)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

CRD Property Renovations & Reinstatements Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for on-going services is recognised by reference to the cost at the balance sheet date plus a contribution to profit dependent on the status of services completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


CRD PROPERTY RENOVATIONS &
REINSTATEMENTS LTD (REGISTERED NUMBER: SC533267)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

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.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Cash & cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial Instruments
Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 32 ).

CRD PROPERTY RENOVATIONS &
REINSTATEMENTS LTD (REGISTERED NUMBER: SC533267)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant & Computer Motor Fixtures
Totals machinery Equipment vehicles & fittings
£    £    £    £    £   
COST
At 1 May 2023 271,161 2,956 3,083 257,646 7,476
Additions 142,780 6,616 4,571 129,495 2,098
At 30 April 2024 413,941 9,572 7,654 387,141 9,574
DEPRECIATION
At 1 May 2023 159,225 591 1,463 155,676 1,495
Charge for year 80,742 1,915 2,376 74,536 1,915
At 30 April 2024 239,967 2,506 3,839 230,212 3,410
NET BOOK VALUE
At 30 April 2024 173,974 7,066 3,815 156,929 6,164
At 30 April 2023 111,936 2,365 1,620 101,970 5,981

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 146,676
DEPRECIATION
At 1 May 2023
and 30 April 2024 66,776
NET BOOK VALUE
At 30 April 2024 79,900
At 30 April 2023 79,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 700,123 411,079
Amounts recoverable on contract 176,000 56,000
Other debtors 72,138 95,970
948,261 563,049

CRD PROPERTY RENOVATIONS &
REINSTATEMENTS LTD (REGISTERED NUMBER: SC533267)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 26,643 10,000
Hire purchase contracts 53,924 23,598
Trade creditors 235,980 210,569
Taxation and social security 245,523 177,534
Other creditors 132,641 62,787
694,711 484,488

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,834 20,833
Hire purchase contracts 116,654 64,989
127,488 85,822

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 20,834 30,833
Hire purchase contracts 170,578 88,587
191,412 119,420

Santander UK PLC holds a bond a floating charge over all assets or undertakings owned by the company.

Obligations under hire purchase contracts are secured over the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 40,064 21,181

Deferred
tax
£   
Balance at 1 May 2023 21,181
Provided during year 18,883
rate movement
Balance at 30 April 2024 40,064

CRD PROPERTY RENOVATIONS &
REINSTATEMENTS LTD (REGISTERED NUMBER: SC533267)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
R S Davies
Balance outstanding at start of year 402 19,140
Amounts advanced - 173,227
Amounts repaid (402 ) (191,965 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 402

The balance outstanding at the year end is interest free and has no fixed repayment date.

12. ULTIMATE CONTROLLING PARTY

The controlling party is R S Davies.