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Registration number: SC189149

Crown Engineering Services Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Crown Engineering Services Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Crown Engineering Services Ltd

(Registration number: SC189149)
Statement of Financial Position as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

412,080

443,089

Current assets

 

Stocks

22,277

20,909

Debtors

5

165,511

224,963

Cash at bank and in hand

 

1,480,195

1,537,555

 

1,667,983

1,783,427

Creditors: Amounts falling due within one year

6

(190,779)

(329,974)

Net current assets

 

1,477,204

1,453,453

Total assets less current liabilities

 

1,889,284

1,896,542

Provisions for liabilities

(46,352)

(38,850)

Net assets

 

1,842,932

1,857,692

Capital and reserves

 

Called up share capital

200,000

200,000

Retained earnings

1,642,932

1,657,692

Shareholders' funds

 

1,842,932

1,857,692

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 8 July 2025
 

 

Crown Engineering Services Ltd

(Registration number: SC189149)
Statement of Financial Position as at 31 October 2024

.........................................
Mr Douglas M Robertson
Director

 

Crown Engineering Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
328c Clepington Road
DUNDEE
DD3 8RZ

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

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

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

 

Crown Engineering Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property

2% reducing balance

Plant & Machinery

15% reducing balance

Motor Vehicles

25% straight line

Office Equipment

15% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, 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.

 

Crown Engineering Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 8 (2023 - 7).

 

Crown Engineering Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

328,801

251,461

11,151

220,024

811,437

Additions

-

22,320

4,372

47,297

73,989

Disposals

(3,000)

(39,201)

(6,245)

(101,505)

(149,951)

At 31 October 2024

325,801

234,580

9,278

165,816

735,475

Depreciation

At 1 November 2023

95,416

164,166

4,715

104,051

368,348

Charge for the year

4,669

14,402

1,076

50,781

70,928

Disposals

(957)

(34,078)

(3,850)

(76,996)

(115,881)

At 31 October 2024

99,128

144,490

1,941

77,836

323,395

Carrying amount

At 31 October 2024

226,673

90,090

7,337

87,980

412,080

At 31 October 2023

233,385

87,295

6,436

115,973

443,089

5

Debtors

Current

2024
£

2023
£

Trade debtors

165,511

224,963

 

165,511

224,963

 

Crown Engineering Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

37,424

77,249

Taxation and social security

70,424

153,584

Accruals and deferred income

37,700

33,300

Other creditors

45,231

65,841

190,779

329,974

7

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £0.60 (2023 - £0.72) per each Ordinary

60,000

72,000

Final dividend of £0.65 (2023 - £0.83) per each Ordinary

65,000

83,000

125,000

155,000