REGISTERED NUMBER: SC262013 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Cover Crew Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M R Shelton

K Stephen

SECRETARY:

James and George Collie LLP

REGISTERED OFFICE:

Unit 12

Spurryhillock Industrial Estate

Broomhill Road

Stonehaven

AB39 2NH

REGISTERED NUMBER:

SC262013 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Tangible assets

4

128,737

147,852

CURRENT ASSETS

Debtors

5

185,362

170,303

Cash at bank

46,954

75,505

232,316

245,808

CREDITORS

Amounts falling due within one year

6

155,588

144,347

NET CURRENT ASSETS

76,728

101,461

TOTAL ASSETS LESS CURRENT LIABILITIES

205,465

249,313

CREDITORS

Amounts falling due after more than one year

7

(12,550

)

(40,749

)

PROVISIONS FOR LIABILITIES

8

(32,184

)

(36,963

)

NET ASSETS

160,731

171,601

CAPITAL AND RESERVES

Called up share capital

58

58

Capital redemption reserve

43

43

Retained earnings

160,630

171,500

SHAREHOLDERS' FUNDS

160,731

171,601

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:

K Stephen - Director

1.	STATUTORY INFORMATION

Cover Crew Limited is a private company, limited by shares , registered in Scotland. 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

228,235

Additions

25,514

Disposals

(3,498

)

At 31 March 2025

250,251

DEPRECIATION

At 1 April 2024

80,383

Charge for year

42,331

Eliminated on disposal

(1,200

)

At 31 March 2025

121,514

NET BOOK VALUE

At 31 March 2025

128,737

At 31 March 2024

147,852

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

156,329

152,928

Other debtors

29,033

17,375

185,362

170,303

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

8,288

13,217

Trade creditors

3,979

29,525

Taxation and social security

88,491

60,928

Other creditors

44,830

30,677

155,588

144,347

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,500

12,500

Hire purchase contracts

10,050

28,249

12,550

40,749

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

32,184

36,963

Deferred

tax

£

Balance at 1 April 2024

36,963

Accelerated capital allowances

(4,779

)

Balance at 31 March 2025

32,184