G W Crate Ltd


Director	Crate, George


Registered Address	1 Park Gardens
	Yeovil
	BA20 1DW


Place of Business	Bow House
	Hurst
	Martock
	TA12 6JU


Registered Number	11656091 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		24,742		5,483
			24,742		5,483
Current assets
Stocks		400		400
Debtors	5	225,136		73,135
Cash at bank and on hand		165,252		175,938
		390,788		249,473
Creditors amounts falling due within one year	6	(125,213)		(57,398)
Net current assets (liabilities)			265,575		192,075
Total assets less current liabilities			290,317		197,558
Provisions for liabilities			(4,701)		(1,042)
Net assets			285,616		196,516
Capital and reserves
Called up share capital			100		100
Profit and loss account			285,516		196,416
Shareholders' funds			285,616		196,516

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 8 September 2025, and are signed on its behalf by:

Crate, George
Director
Registered Company No. 11656091

G W Crate Ltd

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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. The intangible asset, being goodwill, is the amount paid in connection with the acquisition of a business in 2019 and was amortised evenly over its estimated useful life of five years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	-	3

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		3

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	11,500
	At 31 March 25	11,500
	Amortisation and impairment
	At 01 April 24	11,500
	At 31 March 25	11,500
	Net book value
	At 31 March 25	-
	At 31 March 24	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	18,166
	Additions	24,538
	At 31 March 25	42,704
	Depreciation and impairment
	At 01 April 24	12,684
	Charge for year	5,278
	At 31 March 25	17,963
	Net book value
	At 31 March 25	24,742
	At 31 March 24	5,483

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	221,591	64,279
Amounts owed by associates and joint ventures / participating interests	-	8,157
Other debtors	980	88
Prepayments and accrued income	2,565	611
Total	225,136	73,135


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,640	6,180
Amounts owed to related parties	1,320	-
Taxation and social security	119,582	46,533
Other creditors	337	326
Accrued liabilities and deferred income	334	4,359
Total	125,213	57,398


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.