Craig Strong Machine Tools Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00901837 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Craig Strong Machine Tools Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P M Strong

J P Strong

SECRETARY:

J P Strong

REGISTERED OFFICE:

Bayton Road

Exhall

Coventry

CV7 9EL

REGISTERED NUMBER:

00901837 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Tangible assets

4

585,666

606,618

Investments

5

50

585,716

606,668

CURRENT ASSETS

Stocks

395,210

503,271

Debtors

6

66,826

278,728

Cash at bank

364,834

255,497

826,870

1,037,496

CREDITORS

Amounts falling due within one year

7

139,187

143,843

NET CURRENT ASSETS

687,683

893,653

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,273,399

1,500,321

CAPITAL AND RESERVES

Called up share capital

100

Capital redemption reserve

49

Retained earnings

1,273,250

1,500,172

SHAREHOLDERS' FUNDS

1,273,399

1,500,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

P M Strong - Director

J P Strong - Director

1.	STATUTORY INFORMATION

Craig Strong Machine Tools 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred taxation

Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred taxation is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 April 2024

532,448

35,504

77,218

Additions

-

16,633

Disposals

-

At 31 March 2025

532,448

35,504

93,851

DEPRECIATION

At 1 April 2024

16,845

24,137

57,115

Charge for year

10,649

1,137

7,389

Eliminated on disposal

-

At 31 March 2025

27,494

25,274

64,504

NET BOOK VALUE

At 31 March 2025

504,954

10,230

29,347

At 31 March 2024

515,603

11,367

20,103

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

114,254

106,472

30,262

896,158

Additions

-

797

17,430

Disposals

-

(10,300

)

-

(10,300

)

At 31 March 2025

114,254

96,172

31,059

903,288

DEPRECIATION

At 1 April 2024

112,509

57,809

21,125

289,540

Charge for year

436

11,829

5,259

36,699

Eliminated on disposal

-

(8,617

)

-

(8,617

)

At 31 March 2025

112,945

61,021

26,384

317,622

NET BOOK VALUE

At 31 March 2025

1,309

35,151

4,675

585,666

At 31 March 2024

1,745

48,663

9,137

606,618

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

50

NET BOOK VALUE

At 31 March 2025

50

At 31 March 2024

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

60,677

243,502

Amounts owed by group undertakings

737

30,444

Other debtors

5,412

4,782

66,826

278,728

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

12,354

39,007

Taxation and social security

59,022

76,838

Other creditors

67,811

27,998

139,187

143,843

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

J P Strong and P M Strong

Balance outstanding at start of year

(22,357

)

(25,967

)

Amounts advanced

3,283

8,033

Amounts repaid

(42,028

)

(4,423

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(61,102

)

(22,357

)

This above amount is due to the Directors from the company.

This amount is interest free and has no set terms of repayment.

9.	RELATED PARTY DISCLOSURES

Transactions with 1st Machinery Auctions Limited:

The company traded with 1st Machinery Auctions Limited, a company which is jointly controlled by Craig Strong Limited and in which Mr P Strong is a director. In relation to intercompany transactions, £737 (2024: £30,444) was owed from 1st Machinery Auctions Limited at the year end.

During the year, the company made sales to and purchases from 1st Machinery Auctions Limited, amounting to £39,189 (2024: £235,461) and £716 (2024: £441) respectively.

10.	ULTIMATE CONTROLLING PARTY

The directors Mr Paul Strong and Mrs Julie Strong controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.