Crayford Sybourn Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05034830 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

CRAYFORD SYBOURN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Webster

N C Perrin

SECRETARY:

N C Perrin

REGISTERED OFFICE:

900, Cornwallis House

Howard Chase

Basildon

Essex

SS14 3BB

REGISTERED NUMBER:

05034830 (England and Wales)

ACCOUNTANTS:

Wilshers

900, Cornwallis House

Howard Chase

Basildon

Essex

SS14 3BB

FIXED ASSETS

Tangible assets

4

110,440

147,253

CURRENT ASSETS

Debtors

5

179,468

173,767

Cash at bank and in hand

1,781

3,938

181,249

177,705

CREDITORS

Amounts falling due within one year

6

182,656

199,852

NET CURRENT LIABILITIES

(1,407

)

(22,147

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

109,033

125,106

CREDITORS

Amounts falling due after more than one year

7

(58,864

)

(75,977

)

PROVISIONS FOR LIABILITIES

9

(27,610

)

(27,978

)

NET ASSETS

22,559

21,151

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

11

22,549

21,141

SHAREHOLDERS' FUNDS

22,559

21,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 31 October 2025 and were signed on its behalf by:

N C Perrin - Director

1.	STATUTORY INFORMATION

Crayford Sybourn Limited is a private company, limited by shares , registered in England and Wales. 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.

Office furniture and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Assets are not depreciated in the year of purchase.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Office

furniture

and

Motor

equipment

vehicles

Totals

£

COST

At 1 March 2024

and 28 February 2025

56,032

237,675

293,707

DEPRECIATION

At 1 March 2024

52,484

93,970

146,454

Charge for year

887

35,926

36,813

At 28 February 2025

53,371

129,896

183,267

NET BOOK VALUE

At 28 February 2025

2,661

107,779

110,440

At 29 February 2024

3,548

143,705

147,253

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Trade debtors (see note 10)

163,616

159,690

Associated company loans

5,060

-

Prepayments and accrued income

10,792

14,077

179,468

173,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Bank loans and overdrafts

9,630

6,677

Hire purchase contracts

34,436

45,493

Taxation

3,308

-

Social security and other taxes

13,169

20,363

Creditors and accrued charges

29,082

38,232

Factoring loan

93,031

89,087

182,656

199,852

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

28.2.25

29.2.24

£

Bank loans

3,720

12,512

Hire purchase contracts

6,859

39,757

Directors loan accounts

48,285

23,708

58,864

75,977

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

Hire purchase contracts

41,295

85,250

Bank loans and overdrafts

13,350

19,189

Factoring loan

93,031

89,087

147,676

193,526

The company has entered into a factoring agreement with Close Brothers Invoice Finance Limited in respect of its trade debtors. A fixed and floating charge has been given over all the company's assets.

9.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

Deferred tax

27,610

27,978

Deferred

tax

£

Balance at 1 March 2024

27,978

Accelerated capital allowances

(368

)

Balance at 28 February 2025

27,610

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

10

Ordinary

1

10

11.

RESERVES

Retained

earnings

£

At 1 March 2024

21,141

Profit for the year

1,408

At 28 February 2025

22,549