Crusader Vehicles Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 06203641 (England and Wales)

Financial Statements for the Year Ended 31 March 2017

for

Crusader Vehicles Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K Shoebridge

Mr D R Shoebridge

REGISTERED OFFICE:

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

BUSINESS ADDRESS:

Crusader House

High Street

Buxted

Uckfield

East Sussex

TN22 4LA

REGISTERED NUMBER:

06203641 (England and Wales)

ACCOUNTANTS:

Keepers Accountancy Ltd

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

FIXED ASSETS

Tangible assets

5

11,008

12,346

CURRENT ASSETS

Stocks

118,021

68,470

Debtors

6

556,805

569,003

Cash at bank

39,670

112,515

714,496

749,988

CREDITORS

Amounts falling due within one year

7

501,743

526,860

NET CURRENT ASSETS

212,753

223,128

TOTAL ASSETS LESS CURRENT LIABILITIES

223,761

235,474

PROVISIONS FOR LIABILITIES

2,163

2,469

NET ASSETS

221,598

233,005

CAPITAL AND RESERVES

Called up share capital

8

300

300

Retained earnings

221,298

232,705

SHAREHOLDERS' FUNDS

11

221,598

233,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21 December 2017 and were signed on its behalf by:

Mr D R Shoebridge - Director

1.	STATUTORY INFORMATION

Crusader Vehicles 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.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Hire purchase and leasing commitments

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 25 .

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2016

6,227

15,143

21,370

Additions

2,762

792

3,554

At 31 March 2017

8,989

15,935

24,924

DEPRECIATION

At 1 April 2016

293

8,731

9,024

Charge for year

1,521

3,371

4,892

At 31 March 2017

1,814

12,102

13,916

NET BOOK VALUE

At 31 March 2017

7,175

3,833

11,008

At 31 March 2016

5,934

6,412

12,346

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

129,076

208,776

Other debtors

400,671

349,003

Prepayments

27,058

11,224

556,805

569,003

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

255,929

182,378

Tax

-

9,780

Social security and other taxes

7,892

1,121

VAT

11,822

30,722

Other creditors

207,771

284,052

Accrued expenses

18,329

18,807

501,743

526,860

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

100

Ordinary C

£1

100

100

300

300

9.	RELATED PARTY DISCLOSURES

Ten 05 Limited

A company in which Mr K and Mr D Shoebridge are directors

31.3.17

31.3.16

£

£

Amount due from related party at the balance sheet date

240,958

228,958

Capital Vehicle Sales Limited

A company in which Mr K and Mr D Shoebridge are directors

31.3.17

31.3.16

£

£

Amount due from related party at the balance sheet date

103,525

75,623

Vehicle Accessory Solutions Limited

A company in which Mr K and Mr D Shoebridge are directors

31.3.17

31.3.16

£

£

Amount due to related party at the balance sheet date

26,000

28,676

FFTF Holdings Limited

Parent company of the reporting entity

Dividends of £64,000 were paid to FFTF Holdings Limited during the period.

31.3.17

31.3.16

£

£

Amount due from related party at the balance sheet date

53,944

42,771

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K Shoebridge.

11.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

31.3.17

31.3.16

£

£

Profit for the financial year

52,593

190,060

Dividends

(64,000

)

(86,115

)

Net (reduction)/addition to shareholders' funds

(11,407

)

103,945

Opening shareholders' funds

233,005

129,060

Closing shareholders' funds

221,598

233,005