Registration number: 01349378

Crown Products Limited

(Registration number: 01349378)

Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	278,614	269,447
Current assets
Stocks		291,741	309,729
Debtors	4	212,410	244,668
Cash at bank and in hand		236,140	307,707
		740,291	862,104
Creditors: Amounts falling due within one year	5	(83,644)	(149,432)
Net current assets		656,647	712,672
Total assets less current liabilities		935,261	982,119
Provisions for liabilities		(8,319)	(12,593)
Net assets		926,942	969,526
Capital and reserves
Called up share capital		100	100
Retained earnings		926,842	969,426
Shareholders' funds		926,942	969,526

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

Crown Products Limited

(Registration number: 01349378)

Balance Sheet as at 30 April 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 2 July 2025
 

.........................................

RA Parsons

Director

Crown Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	Accounting policies

Crown Products Limited is a private company, limited by shares, domiciled in England and Wales, company number 01349378. The registered office is at Innovation House, Cobnar Wood Close, Chesterfield, S41 9RQ.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

After due consideration of all relevant factors, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Crown Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

1	Accounting policies (continued)

Deferred tax shall be recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Unrelieved tax losses and other deferred tax assets shall be 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings	2% straight line
Plant and machinery	6% to 10% straight line
Fixtures and fittings	10% reducing balance
Motor vehicles	25% reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Crown Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

1	Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 21 (2024 - 21).

Crown Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

3	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	440,761	258,281	672,038	13,566	1,384,646
Additions	-	22,766	7,124	-	29,890
Disposals	-	(10,147)	(202)	-	(10,349)
At 30 April 2025	440,761	270,900	678,960	13,566	1,404,187
Depreciation
At 1 May 2024	224,167	219,490	658,342	13,200	1,115,199
Charge for the year	8,817	5,124	2,824	92	16,857
Eliminated on disposal	-	(6,281)	(202)	-	(6,483)
At 30 April 2025	232,984	218,333	660,964	13,292	1,125,573
Carrying amount
At 30 April 2025	207,777	52,567	17,996	274	278,614
At 30 April 2024	216,594	38,791	13,696	366	269,447

4

Debtors

Current	2025 £	2024 £
Trade debtors	201,896	232,951
Prepayments	10,514	11,717
	212,410	244,668

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	34,172	77,637
Taxation and social security	44,694	35,432
Accruals and deferred income	4,109	10,694
Other creditors	669	25,669
	83,644	149,432