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REGISTERED NUMBER: 10817837 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CRG TEC LIMITED

CRG TEC LIMITED (REGISTERED NUMBER: 10817837)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRG TEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr N E Crudden
Mr S V Morris





REGISTERED OFFICE: Office 634
The Plaza
100 Old Hall Street
Liverpool
Merseyside
L3 9QJ





REGISTERED NUMBER: 10817837 (England and Wales)






CRG TEC LIMITED (REGISTERED NUMBER: 10817837)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,407 4,475
Tangible assets 5 136 632
2,543 5,107

CURRENT ASSETS
Debtors 6 523,447 811,331
Cash at bank 71,537 26,229
594,984 837,560
CREDITORS
Amounts falling due within one year 7 531,628 670,889
NET CURRENT ASSETS 63,356 166,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,899

171,778

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 36,000 36,000
Retained earnings 19,899 125,778
65,899 171,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:




Mr N E Crudden - Director



Mr S V Morris - Director


CRG TEC LIMITED (REGISTERED NUMBER: 10817837)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Crg Tec 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
Revenue arising from temporary placements is recognised when the service has been delivered. Revenue from permanent placements is recognised when the individual commences their employment.

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CRG TEC LIMITED (REGISTERED NUMBER: 10817837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2024
and 31 March 2025 20,043
AMORTISATION
At 1 April 2024 15,568
Amortisation for year 2,068
At 31 March 2025 17,636
NET BOOK VALUE
At 31 March 2025 2,407
At 31 March 2024 4,475

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 172 11,008 11,180
Disposals (172 ) (10,138 ) (10,310 )
At 31 March 2025 - 870 870
DEPRECIATION
At 1 April 2024 172 10,376 10,548
Charge for year - 496 496
Eliminated on disposal (172 ) (10,138 ) (10,310 )
At 31 March 2025 - 734 734
NET BOOK VALUE
At 31 March 2025 - 136 136
At 31 March 2024 - 632 632

CRG TEC LIMITED (REGISTERED NUMBER: 10817837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 452,374 606,093
Amounts owed by group undertakings - 129,754
Other debtors 71,073 75,484
523,447 811,331

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 16,210 9,660
Amounts owed to group undertakings - 192,655
Taxation and social security 58,827 64,579
Other creditors 456,591 403,995
531,628 670,889

8. SECURED DEBTS

On the 9th March 2018 Close Brothers Limited created a fixed charge and also a floating charge over all of the property and undertakings of the company, this charge contained a negative pledge.

These charges were discharged on 28th April 2025.

9. OTHER FINANCIAL COMMITMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

20252024
£   £   

19,80014,400