Company Registration No. 08637309 (England and Wales)
CRANES DRINK LTD
Unaudited accounts
for the year ended 31 August 2024
CRANES DRINK LTD
Unaudited accounts
Contents
CRANES DRINK LTD
Company Information
for the year ended 31 August 2024
Directors
Benjamin Ritsema
Daryl Moss
Daniel Ritsema
Company Number
08637309 (England and Wales)
Registered Office
TOP FARM LOWER ROAD
CROYDON
ROYSTON
SG8 0EQ
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
CRANES DRINK LTD
Statement of financial position
as at 31 August 2024
Tangible assets
71,307
72,013
Inventories
92,160
112,343
Cash at bank and in hand
140,909
137,698
Creditors: amounts falling due within one year
(193,927)
(204,959)
Net current assets
125,962
154,437
Total assets less current liabilities
197,269
226,450
Creditors: amounts falling due after more than one year
(132,433)
(167,981)
Called up share capital
672,134
672,134
Profit and loss account
(607,298)
(613,665)
Shareholders' funds
64,836
58,469
For the year ending 31 August 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 23 May 2025 and were signed on its behalf by
Benjamin Ritsema
Director
Company Registration No. 08637309
CRANES DRINK LTD
Notes to the Accounts
for the year ended 31 August 2024
CRANES DRINK LTD is a private company, limited by shares, registered in England and Wales, registration number 08637309. The registered office is TOP FARM LOWER ROAD, CROYDON, ROYSTON, SG8 0EQ, ENGLAND.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Motor vehicles
10% Straight Line
Computer equipment
10% Straight Line
CRANES DRINK LTD
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
112,115
11,405
5,520
129,040
Additions
1,250
5,176
-
6,426
At 31 August 2024
113,365
16,581
5,520
135,466
At 1 September 2023
45,283
8,047
3,697
57,027
Charge for the year
5,859
482
791
7,132
At 31 August 2024
51,142
8,529
4,488
64,159
At 31 August 2024
62,223
8,052
1,032
71,307
At 31 August 2023
66,832
3,358
1,823
72,013
Amounts falling due within one year
Trade debtors
86,820
109,355
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
58,595
78,299
Taxes and social security
20,816
6,056
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
112,881
138,882
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).