Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-272025-05-27false2023-09-01No description of principal activity33falsetruefalse 01168499 2023-09-01 2024-08-31 01168499 2022-09-01 2023-08-31 01168499 2024-08-31 01168499 2023-08-31 01168499 c:Director5 2023-09-01 2024-08-31 01168499 d:PlantMachinery 2023-09-01 2024-08-31 01168499 d:PlantMachinery 2024-08-31 01168499 d:PlantMachinery 2023-08-31 01168499 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01168499 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 01168499 d:FurnitureFittings 2023-09-01 2024-08-31 01168499 d:FurnitureFittings 2024-08-31 01168499 d:FurnitureFittings 2023-08-31 01168499 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01168499 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 01168499 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01168499 d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 01168499 d:PatentsTrademarksLicencesConcessionsSimilar 2024-08-31 01168499 d:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 01168499 d:CurrentFinancialInstruments 2024-08-31 01168499 d:CurrentFinancialInstruments 2023-08-31 01168499 d:Non-currentFinancialInstruments 2024-08-31 01168499 d:Non-currentFinancialInstruments 2023-08-31 01168499 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 01168499 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 01168499 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 01168499 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 01168499 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 01168499 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 01168499 d:ShareCapital 2024-08-31 01168499 d:ShareCapital 2023-08-31 01168499 d:RetainedEarningsAccumulatedLosses 2024-08-31 01168499 d:RetainedEarningsAccumulatedLosses 2023-08-31 01168499 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 01168499 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 01168499 c:OrdinaryShareClass1 2023-09-01 2024-08-31 01168499 c:OrdinaryShareClass1 2024-08-31 01168499 c:OrdinaryShareClass1 2023-08-31 01168499 c:FRS102 2023-09-01 2024-08-31 01168499 c:Audited 2023-09-01 2024-08-31 01168499 c:FullAccounts 2023-09-01 2024-08-31 01168499 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01168499 c:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 01168499 2 2023-09-01 2024-08-31 01168499 4 2023-09-01 2024-08-31 01168499 6 2023-09-01 2024-08-31 01168499 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-08-31 01168499 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-31 01168499 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-09-01 2024-08-31 01168499 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01168499









CROWNLEA HIRE AND SALES LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024


 
CROWNLEA HIRE AND SALES LIMITED
REGISTERED NUMBER: 01168499

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2024
2023
2023
                                                                  Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
13,542
17,522

Tangible assets
 5 
1,444,480
1,555,594

Investments
 6 
13
13

  
1,458,035
1,573,129

Current assets
  

Debtors: amounts falling due within one year
 7 
664,306
803,986

Cash at bank and in hand
  
392
39,494

  
664,698
843,480

Creditors: amounts falling due within one year
 8 
(2,117,151)
(1,982,587)

Net current liabilities
  
 
 
(1,452,453)
 
 
(1,139,107)

Total assets less current liabilities
  
5,582
434,022

Creditors: amounts falling due after more than one year
 9 
-
(360,463)

Provisions for liabilities
  

Deferred tax
 11 
(44,184)
(44,184)

Net (liabilities)/assets
  
 
 
(38,602)
 
 
29,375


Capital and reserves
  

Called up share capital 
 12 
1,001,000
1,001,000

Profit and loss account
  
(1,039,602)
(971,625)

  
(38,602)
29,375


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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
CROWNLEA HIRE AND SALES LIMITED
REGISTERED NUMBER: 01168499
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2025.




Mr H Carter
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
CROWNLEA HIRE AND SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Crownlea Hire and Sales Limited ("the Company") is a private Company limited by shares, incorporated in England and Wales. 
Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. The Company's principal activity was that of group recharges.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company continues to adopt the going concern basis in preparing its financial statements.

Page 3

 
CROWNLEA HIRE AND SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings  except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'other operating income'.

All other foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'administrative expenses'.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
CROWNLEA HIRE AND SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 5

 
CROWNLEA HIRE AND SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following annual bases:

Plant and machinery
-
5% - 25% straight line/reducing balance
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.16

Creditors

Short-term creditors are measured at the transaction price.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 6

 
CROWNLEA HIRE AND SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.17
Financial instruments (continued)

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 7

 
CROWNLEA HIRE AND SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Administration
3
3


4.


Intangible assets




Software

£



Cost


At 1 September 2023
331,858



At 31 August 2024

331,858



Amortisation


At 1 September 2023
314,336


Charge for the year on owned assets
3,980



At 31 August 2024

318,316



Net book value



At 31 August 2024
13,542



At 31 August 2023
17,522



Page 8

 
CROWNLEA HIRE AND SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 September 2023
3,415,228
35,695
3,450,923



At 31 August 2024

3,415,228
35,695
3,450,923



Depreciation


At 1 September 2023
1,865,062
30,267
1,895,329


Charge for the year on owned assets
16,768
1,358
18,126


Charge for the year on financed assets
92,988
-
92,988



At 31 August 2024

1,974,818
31,625
2,006,443



Net book value



At 31 August 2024
1,440,410
4,070
1,444,480



At 31 August 2023
1,550,166
5,428
1,555,594

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
1,337,069
1,457,343

Page 9

 
CROWNLEA HIRE AND SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 September 2023
13



At 31 August 2024
13





7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
96,214
-

Other debtors
345,075
367,837

Prepayments and accrued income
223,017
436,149

664,306
803,986


Page 10

 
CROWNLEA HIRE AND SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
991,029
344,586

Bank loans
358,255
355,153

Trade creditors
14,485
15,391

Amounts owed to group undertakings
-
643,514

Corporation tax
-
68

Other taxation and social security
9,358
247,262

Other creditors
361,185
351,480

Accruals and deferred income
382,839
25,133

2,117,151
1,982,587


The bank overdraft is secured by way of a charge over the freehold property owned by the Company and entities under common control, as well as against limited guarantees given by the Company and entities under common control.
Bank loans are secured by way of a chattel mortgage over certain plant, machinery and vehicles held by the Company, and by way of a charge over the freehold property owned by the Company and entities under common control, as well as against limited guarantees given by the Company and entities under common control.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
360,463



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
358,255
355,153

Amounts falling due 1-2 years

Bank loans
-
360,463



358,255
715,616


Page 11

 
CROWNLEA HIRE AND SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

11.


Deferred taxation




2024


£






At beginning of year
(44,184)



At end of year
(44,184)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Deferred taxation
(44,184)
(44,184)

(44,184)
(44,184)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,001,000 (2023 - 1,001,000) Ordinary shares of £1.00 each
1,001,000
1,001,000



13.


Related party transactions

During the year, the Company engaged in transactions with entities which share common control. Total sales to these entities amounted to £5,453 (2023 - £13,287).
At the year end, the Company owed these entities £3,445,858 from these entities 
(2023 - £4,595,397).


14.


Auditor's information

The auditor's report on the financial statements for the year ended 31 August 2024 was unqualified.

The audit report was signed on 27 May 2025 by Andrew Barnes (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 12