Company Registration No. 03431171 (England and Wales)
CROWN EXCEL LIMITED
Unaudited accounts
for the year ended 30 September 2024
CROWN EXCEL LIMITED
Unaudited accounts
Contents
CROWN EXCEL LIMITED
Company Information
for the year ended 30 September 2024
Director
PATEL, Dharmistha Ashok Kumar
Company Number
03431171 (England and Wales)
Registered Office
60 Greenways
Ovingdean
Brighton
BN2 7BL
England
Accountants
Premium Accounting Services Limited
A4-55 Peel Road, Harrow
Harrow
Middlesex
HA3 7QT
CROWN EXCEL LIMITED
Statement of financial position
as at 30 September 2024
Investment property
682,630
682,630
Debtors
1,259,726
1,241,028
Cash at bank and in hand
61,046
86,236
Creditors: amounts falling due within one year
(679,137)
(701,492)
Net current assets
641,635
625,772
Total assets less current liabilities
1,324,265
1,308,402
Creditors: amounts falling due after more than one year
(229,515)
(229,515)
Net assets
1,094,750
1,078,887
Called up share capital
100
100
Profit and loss account
1,094,650
1,078,787
Shareholders' funds
1,094,750
1,078,887
For the year ending 30 September 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 director acknowledges her 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 and authorised for issue on 25 June 2025 and were signed on its behalf by
PATEL, Dharmistha Ashok Kumar
Director
Company Registration No. 03431171
CROWN EXCEL LIMITED
Notes to the Accounts
for the year ended 30 September 2024
CROWN EXCEL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03431171. The registered office is 60 Greenways, Ovingdean, Brighton, BN2 7BL, 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fair value at 1 October 2023
682,630
At 30 September 2024
682,630
Amounts falling due after more than one year
Amounts due from group undertakings etc.
439,983
431,770
Other debtors
817,786
809,258
CROWN EXCEL LIMITED
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,520
5,674
Taxes and social security
1,264
1,115
Other creditors
331,627
331,627
Loans from directors
332,136
358,916
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
229,515
229,515
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).