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REGISTERED NUMBER: 03977270 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

D.H. CROFTS LIMITED

D.H. CROFTS LIMITED (REGISTERED NUMBER: 03977270)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.H. CROFTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: M Crofts
Ms P Barber





SECRETARY: Ms P Barber





REGISTERED OFFICE: Edison House
64a The Street
Charlwood
Surrey
RH6 0DS





REGISTERED NUMBER: 03977270 (England and Wales)





ACCOUNTANTS: John Williams & Co
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

D.H. CROFTS LIMITED (REGISTERED NUMBER: 03977270)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 497,350 510,562
497,350 510,562

CURRENT ASSETS
Stocks 28,145 29,547
Debtors 6 87,294 60,204
Cash at bank and in hand 65,252 62,581
180,691 152,332
CREDITORS
Amounts falling due within one year 7 196,854 381,092
NET CURRENT LIABILITIES (16,163 ) (228,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,187

281,802

CREDITORS
Amounts falling due after more than one
year

8

(224,360

)

(24,445

)

PROVISIONS FOR LIABILITIES 11 (39,096 ) (35,252 )
NET ASSETS 217,731 222,105

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 13 217,729 222,103
SHAREHOLDERS' FUNDS 217,731 222,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

D.H. CROFTS LIMITED (REGISTERED NUMBER: 03977270)

BALANCE SHEET - continued
30 JUNE 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





Ms P Barber - Director


D.H. CROFTS LIMITED (REGISTERED NUMBER: 03977270)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

D.H. Crofts 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.

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 the invoiced value of sales and work done excluding value added tax.


Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on reducing balance
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

In respect of work in progress cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.


D.H. CROFTS LIMITED (REGISTERED NUMBER: 03977270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 24,000
AMORTISATION
At 1 July 2022
and 30 June 2023 24,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

D.H. CROFTS LIMITED (REGISTERED NUMBER: 03977270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2022
and 30 June 2023 511,348 51,454 833
DEPRECIATION
At 1 July 2022 33,662 22,552 640
Charge for year 9,554 2,890 29
At 30 June 2023 43,216 25,442 669
NET BOOK VALUE
At 30 June 2023 468,132 26,012 164
At 30 June 2022 477,686 28,902 193

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 13,533 21,585 598,753
DEPRECIATION
At 1 July 2022 11,477 19,860 88,191
Charge for year 308 431 13,212
At 30 June 2023 11,785 20,291 101,403
NET BOOK VALUE
At 30 June 2023 1,748 1,294 497,350
At 30 June 2022 2,056 1,725 510,562

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 87,294 60,130
Tax - 74
87,294 60,204

D.H. CROFTS LIMITED (REGISTERED NUMBER: 03977270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 25,096 26,667
Trade creditors 27,866 48,950
Social security and other taxes 7,255 7,842
VAT 21,894 15,420
Other creditors 109,873 103,832
Net wages - 4,053
Directors' current accounts 4,870 174,328
196,854 381,092

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 224,360 24,445

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 123,975 -

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 25,096 26,667

Amounts falling due between one and two years:
Bank loans - 1-2 years 25,096 24,445

Amounts falling due between two and five years:
Bank loans - 2-5 years 75,289 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 123,975 -

D.H. CROFTS LIMITED (REGISTERED NUMBER: 03977270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 249,456 51,112

The bank loan is secured against the company's freehold property

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Provision in year 39,096 35,252

Deferred
tax
£   
Balance at 1 July 2022 35,252
Accelerated capital allowances 3,844
Balance at 30 June 2023 39,096

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

13. RESERVES
Retained
earnings
£   

At 1 July 2022 222,102
Profit for the year 52,327
Dividends (56,700 )
At 30 June 2023 217,729

14. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.