Company Registration No. SC300519 (Scotland)
CRAWFORD HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
THE A9 PARTNERSHIP LIMITED
Chartered Accountants
57/59 High Street
Dunblane
FK15 0EE
CRAWFORD HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
CRAWFORD HOLDINGS LIMITED
BALANCE SHEET
AS AT 30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,843
5,124
Investment property
5
600,000
798,562
Investments
6
-
0
497
603,843
804,183
Current assets
Debtors
7
593
4,058
Cash at bank and in hand
2,573
3,694
3,166
7,752
Creditors: amounts falling due within one year
8
(432,755)
(417,348)
Net current liabilities
(429,589)
(409,596)
Total assets less current liabilities
174,254
394,587
Provisions for liabilities
(517)
(547)
Net assets
173,737
394,040
Capital and reserves
Called up share capital
9
1,122,004
1,122,004
Profit and loss reserves
(948,267)
(727,964)
Total equity
173,737
394,040

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CRAWFORD HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023
30 April 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 7 September 2023 and are signed on its behalf by:
Mr M  Crawford
Director
Company Registration No. SC300519
CRAWFORD HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023
30 April 2023
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Crawford Holdings Limited is a private company limited by shares incorporated in Scotland. The registered office is 57-59 High Street, Dunblane, Perthshire, FK15 OEE.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

CRAWFORD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
2
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CRAWFORD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
2
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

2.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
3
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 and 30 April 2023
21,594
Depreciation and impairment
At 1 May 2022
16,470
Depreciation charged in the year
1,281
At 30 April 2023
17,751
Carrying amount
At 30 April 2023
3,843
At 30 April 2022
5,124
CRAWFORD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 6 -
5
Investment property
2023
£
Fair value
At 1 May 2022
798,562
Revaluations
(198,562)
At 30 April 2023
600,000
6
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
-
0
497
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 May 2022
497
Valuation changes
(497)
At 30 April 2023
-
Carrying amount
At 30 April 2023
-
At 30 April 2022
497
7
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
28
-
0
Other debtors
565
4,058
593
4,058
CRAWFORD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 7 -
8
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
395
185
Taxation and social security
-
0
1,112
Other creditors
432,360
416,051
432,755
417,348
9
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,122,004
1,122,004
1,122,004
1,122,004
10
Related party transactions

At the balance sheet date the company owed its subsidiary £98,177 (2022 - £97,012). This is shown within other creditors.

2023-04-302022-05-01false07 September 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMrs Anne CrawfordMr Mark CrawfordSC3005192022-05-012023-04-30SC3005192023-04-30SC3005192022-04-30SC300519core:OtherPropertyPlantEquipment2023-04-30SC300519core:OtherPropertyPlantEquipment2022-04-30SC300519core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-30SC300519core:CurrentFinancialInstrumentscore:WithinOneYear2022-04-30SC300519core:CurrentFinancialInstruments2023-04-30SC300519core:CurrentFinancialInstruments2022-04-30SC300519core:ShareCapital2023-04-30SC300519core:ShareCapital2022-04-30SC300519core:RetainedEarningsAccumulatedLosses2023-04-30SC300519core:RetainedEarningsAccumulatedLosses2022-04-30SC300519bus:Director22022-05-012023-04-30SC300519core:MotorVehicles2022-05-012023-04-30SC3005192021-05-012022-04-30SC300519core:OtherPropertyPlantEquipment2022-04-30SC300519core:OtherPropertyPlantEquipment2022-05-012023-04-30SC3005192022-04-30SC300519core:WithinOneYear2023-04-30SC300519core:WithinOneYear2022-04-30SC300519bus:PrivateLimitedCompanyLtd2022-05-012023-04-30SC300519bus:SmallCompaniesRegimeForAccounts2022-05-012023-04-30SC300519bus:FRS1022022-05-012023-04-30SC300519bus:AuditExemptWithAccountantsReport2022-05-012023-04-30SC300519bus:Director12022-05-012023-04-30SC300519bus:FullAccounts2022-05-012023-04-30xbrli:purexbrli:sharesiso4217:GBP