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Company Registration No. 13119188 (England and Wales)
Cranks and Planks Limited Unaudited accounts for the year ended 31 January 2025
Cranks and Planks Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cranks and Planks Limited Company Information for the year ended 31 January 2025
Directors
J Pickup C Pickup
Company Number
13119188 (England and Wales)
Registered Office
UPDENE THE DEANE HINDON SP3 6EE ENGLAND
Accountants
N L Accounting (South West) Ltd Unit 7, Town Farm Workshops Sixpenny Handley Salisbury Wiltshire SP5 5PA
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Cranks and Planks Limited Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
4,342
6,209
Current assets
Inventories
750
750
Debtors
5
275
1,674
Cash at bank and in hand
(63)
(356)
962
2,068
Creditors: amounts falling due within one year
6
(53,897)
(40,203)
Net current liabilities
(52,935)
(38,135)
Net liabilities
(48,593)
(31,926)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(48,693)
(32,026)
Shareholders' funds
(48,593)
(31,926)
For the year ending 31 January 2025 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 directors acknowledge 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 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 of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by
J Pickup Director Company Registration No. 13119188
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Cranks and Planks Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Cranks and Planks Limited is a private company, limited by shares, registered in England and Wales, registration number 13119188. The registered office is UPDENE, THE DEANE, HINDON, SP3 6EE, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on Cost
Fixtures & fittings
20% on Cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
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.
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Cranks and Planks Limited Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
10,693
305
1,473
12,471
Additions
-
-
782
782
At 31 January 2025
10,693
305
2,255
13,253
Depreciation
At 1 February 2024
5,677
183
402
6,262
Charge for the year
2,138
61
450
2,649
At 31 January 2025
7,815
244
852
8,911
Net book value
At 31 January 2025
2,878
61
1,403
4,342
At 31 January 2024
5,016
122
1,071
6,209
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
275
627
Trade debtors
-
1,047
275
1,674
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,586
169
Other creditors
18,503
18,502
Loans from directors
32,308
21,032
Accruals
500
500
53,897
40,203
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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