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Registered number: 11841254
Crucast Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Cooper Associates Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11841254
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,561 32,870
Investments 5 200,500 200,500
218,061 233,370
CURRENT ASSETS
Debtors 7 419 91
Cash at bank and in hand 97,569 205,668
97,988 205,759
Creditors: Amounts Falling Due Within One Year 8 (64,067 ) (106,357 )
NET CURRENT ASSETS (LIABILITIES) 33,921 99,402
TOTAL ASSETS LESS CURRENT LIABILITIES 251,982 332,772
Creditors: Amounts Falling Due After More Than One Year 9 (31,974 ) (37,108 )
NET ASSETS 220,008 295,664
CAPITAL AND RESERVES
Called up share capital 11 20 20
Profit and Loss Account 219,988 295,644
SHAREHOLDERS' FUNDS 220,008 295,664
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For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Perry
Director
1st December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Crucast Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11841254 . The registered office is 40 St James Buildings, St James Street, Taunton, Somerset, TA1 1JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% straight line
Motor Vehicles 25% straight line
Office equipment 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 2)
5 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Office equipment Total
£ £ £ £
Cost
As at 1 April 2024 1,410 60,696 15,405 77,511
Additions - - 1,523 1,523
As at 31 March 2025 1,410 60,696 16,928 79,034
Depreciation
As at 1 April 2024 742 30,348 13,551 44,641
Provided during the period 222 15,174 1,436 16,832
As at 31 March 2025 964 45,522 14,987 61,473
Net Book Value
As at 31 March 2025 446 15,174 1,941 17,561
As at 1 April 2024 668 30,348 1,854 32,870
5. Investments
Unlisted
£
Cost
As at 1 April 2024 200,500
As at 31 March 2025 200,500
Provision
As at 1 April 2024 -
As at 31 March 2025 -
...CONTINUED
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Net Book Value
As at 31 March 2025 200,500
As at 1 April 2024 200,500
6. Stocks
2025 2024
£ £
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 419 -
Directors' loan accounts - 91
419 91
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,885 7,885
Corporation tax 4,341 36,740
VAT 31,239 14,552
Credit card 15,210 11,482
Client money held - (9 )
Pension creditor 4,000 34,000
Accruals and deferred income 1,129 1,527
Directors' loan accounts 263 180
64,067 106,357
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 31,974 37,108
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10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,885 7,885
Later than one year and not later than five years 31,974 37,108
39,859 44,993
39,859 44,993
11. Share Capital
2025 2024
Allotted, called up and fully paid £ £
10 Ordinary A shares of £ 1.00 each 10 10
10 Ordinary B shares of £ 1.00 each 10 10
20 20
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Joseph Perry 180 (2,949 ) 2,812 - 42
Miss Katy Steele (91 ) - 312 - 221
The above loan is unsecured, interest free and repayable on demand.
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