Crusader Vehicles Limited - Accounts to registrar (filleted) - small 18.2
Crusader Vehicles Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2022 |
| FOR |
| CRUSADER VEHICLES LIMITED |
| CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 MARCH 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CRUSADER VEHICLES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 MARCH 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Old Casino |
| 28 Fourth Avenue |
| Hove |
| East Sussex |
| BN3 2PJ |
| CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641) |
| BALANCE SHEET |
| 30 MARCH 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641) |
| BALANCE SHEET - continued |
| 30 MARCH 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 MARCH 2022 |
| 1. | STATUTORY INFORMATION |
| Crusader Vehicles Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MARCH 2022 |
| 3. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| Development |
| costs |
| £ |
| COST |
| Additions |
| At 30 March 2022 |
| AMORTISATION |
| Amortisation for year |
| At 30 March 2022 |
| NET BOOK VALUE |
| At 30 March 2022 |
| 6. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 31 March 2021 |
| Additions |
| Disposals | ( |
) |
| At 30 March 2022 |
| DEPRECIATION |
| At 31 March 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 March 2022 |
| NET BOOK VALUE |
| At 30 March 2022 |
| At 30 March 2021 |
| CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MARCH 2022 |
| 6. | TANGIBLE FIXED ASSETS - continued |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 31 March 2021 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 March 2022 |
| DEPRECIATION |
| At 31 March 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 March 2022 |
| NET BOOK VALUE |
| At 30 March 2022 |
| At 30 March 2021 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 31 March 2021 |
| Additions |
| Disposals | ( |
) |
| At 30 March 2022 |
| DEPRECIATION |
| At 31 March 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 March 2022 |
| NET BOOK VALUE |
| At 30 March 2022 |
| At 30 March 2021 |
| 7. | STOCKS |
| 2022 | 2021 |
| £ | £ |
| Stocks |
| Fleet stock |
| CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MARCH 2022 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Accrued income |
| Accruals |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 11) |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 32,882 | 174,240 |
| Other creditors |
| Accruals and deferred income |
| Accrued expenses |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Hire purchase contracts (see note 11) |
| 11. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2022 | 2021 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable operating | leases |
| 2022 | 2021 |
| £ | £ |
| Within one year |
| CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MARCH 2022 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary A | £1 | 100 | 100 |
| Ordinary B | £1 | 100 | 100 |
| Ordinary C | £1 | 100 | 100 |
| 300 | 300 |
| 13. | RELATED PARTY DISCLOSURES |
| FFTF Holdings Limited |
| The parent company of the reporting entity. |
| During the period, net intercompany loans £121 were provided to/from the related parties. |
| 2022 | 2021 |
| £ | £ |
| Amount due from related party at the balance sheet date | 6,007 | 6,128 |
| Ten 05 Limited |
| A majority owned subsidiary of the parent company. |
| During the period, net intercompany loans £44,650 were provided to/from the related parties. |
| 2022 | 2021 |
| £ | £ |
| Amount due from related party at the balance sheet date | 290,598 | 246,308 |
| Vehicle Accessory Solutions Limited |
| A majority owned subsidiary of the parent company. |
| During the period, net intercompany loans £26,695 were provided to/from the related parties. |
| 2022 | 2021 |
| £ | £ |
| Amount due to related party at the balance sheet date | 25,972 | 52,667 |
| Capital Vehicle Sales Limited |
| A wholly owned subsidiary of the parent company. |
| During the period, no intercompany loans were provided to/from the related parties. |
| 2022 | 2021 |
| £ | £ |
| Amount due from related party at the balance sheet date | 127,828 | 127,828 |
| CRUSADER VEHICLES LIMITED (REGISTERED NUMBER: 06203641) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MARCH 2022 |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr D Shoebridge, Mr K Shoebridgeand Mrs L Shoebridge. |
| This was by virtue of their equal holding of the issued share capital in the holding company. |