Cranfield Solutions Limited - Filleted accounts


CRANFIELD SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024






























Company Registration Number: 05003737

CRANFIELD SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 10

CRANFIELD SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024


DIRECTORS

L D Edwards
C E A Edwards
J A Ross
resigned 7 February 2025
R Kindell
appointed 7 February 2025
A D Fowler
appointed 30 July 2025


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

2 Ward Road
Bletchley
Milton Keynes
Buckinghamshire
MK1 1JA


COMPANY REGISTRATION NUMBER

05003737 England and Wales

CRANFIELD SOLUTIONS LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2024


	Notes	2024		2023
		£		£

FIXED ASSETS
Tangible assets	6		72,884		84,222

CURRENT ASSETS
Stock		61,237		78,964
Debtors	7	197,418		139,278
Cash at bank and in hand		110,592		98,481


		369,247		316,723

CREDITORS: Amounts falling due within one year	8	229,845		197,706
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			139,402		119,017


TOTAL ASSETS LESS CURRENT LIABILITIES			212,286		203,239

Provisions for liabilities and charges			17,655		20,300


NET ASSETS			194,631		182,939


CAPITAL AND RESERVES
Called up share capital			2		2
Distributable profit and loss account			194,629		182,937


SHAREHOLDER'S FUNDS			194,631		182,939

CRANFIELD SOLUTIONS LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2024


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




L D Edwards
Director

Date approved by the board: 26 September 2025

CRANFIELD SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1	GENERAL INFORMATION

	Cranfield Solutions Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	2 Ward Road
	Bletchley
	Milton Keynes
	Buckinghamshire
	MK1 1JA

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable and represents the sale of specialised plastics and polymer goods, stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Grant Income

	Grant income has been recognised under the accrual model, where income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

	Intangible fixed assets

	Intangible fixed assets, other than goodwill, are stated at cost less accumulated amortisation and any accumulated impairment losses. It is amortised on a straight-line basis over its useful economic life of 2 years.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.

CRANFIELD SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Plant and machinery					25% reducing balance basis per annum
	Fixtures and fittings					25% reducing balance basis per annum
	Motor vehicles					25% reducing balance basis per annum
	Computer equipment					33% straight line basis per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.


	Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

CRANFIELD SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a weighted average cost basis.

	The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

CRANFIELD SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Foreign currencies

	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

	Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit or loss.

CRANFIELD SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	The directors have made key assumptions in determining the useful economic life of intangible assets.

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2024	2023
	Average number of employees	11	6


5	INTANGIBLE FIXED ASSETS
			Licences
			£
	Cost
	At 1 January 2024		93,499


	At 31 December 2024		93,499


	Accumulated amortisation and impairments
	At 1 January 2024		93,499


	At 31 December 2024		93,499


	Net book value
	At 1 January 2024		-


	At 31 December 2024		-

CRANFIELD SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


6	TANGIBLE ASSETS
		Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
		£	£	£	£	£
	Cost
	At 1 January 2024	430,914	20,756	704	3,225	455,599

	Additions	9,015	236	-	1,213	10,464


	At 31 December 2024	439,929	20,992	704	4,438	466,063


	Accumulated depreciation and impairments
	At 1 January 2024	350,955	17,272	264	2,886	371,377

	Charge for year	20,553	788	110	351	21,802


	At 31 December 2024	371,508	18,060	374	3,237	393,179


	Net book value
	At 1 January 2024	79,959	3,484	440	339	84,222


	At 31 December 2024	68,421	2,932	330	1,201	72,884


	The company has agreed a fixed and floating charge over the company's assets.

7	DEBTORS
					2024	2023
					£	£
	Trade debtors				173,392	131,753
	Prepayments and accrued income				24,026	7,525


					197,418	139,278


8	CREDITORS: Amounts falling due within one year
					2024	2023
					£	£
	Trade creditors				30,029	7,192
	Taxation and social security				30,628	59,683
	Accruals and deferred income				40,457	7,383
	Other creditors				128,731	123,448


					229,845	197,706

CRANFIELD SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


9	SECURED DEBTS

	Webb Injection Moulders Limited, a fellow group company, has secured a Loan Facility with Arbuthnot Commercial Asset Based Lending Limited. Arbuthnot Commercial Asset Based Lending Limited holds a fixed and floating charge over the assets of Cranfield Solutions Limited.

10	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:		2024	2023
			£	£
	In less than one year		58,880	57,165
	In more than one but less than five years		123,112	181,992


			181,992	239,157


11	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	CSL Plastics Limited	Parent company (up to 13 November 2023)
	Ashbrook Holdings Limited	Ultimate parent company (and Parent company from 13 November 2023)