Company registration number 00560075 (England and Wales)
O. & W. Crawshaw Limited
Unaudited
financial statements
for the year ended 31 March 2023
PAGES FOR FILING WITH REGISTRAR
O. & W. Crawshaw Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
O. & W. Crawshaw Limited
Statement Of Financial Position
as at 31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
261,472
243,019
Current assets
Stocks
289,970
236,085
Debtors
84,767
72,046
Cash at bank and in hand
1,411
586
376,148
308,717
Creditors: amounts falling due within one year
(384,663)
(297,885)
Net current (liabilities)/assets
(8,515)
10,832
Total assets less current liabilities
252,957
253,851
Creditors: amounts falling due after more than one year
(21,667)
(31,667)
Provisions for liabilities
4
(5,380)
(3,899)
Net assets
225,910
218,285
Capital and reserves
Called up share capital
5
4,000
4,000
Revaluation reserve
142,071
142,071
Profit and loss reserves
79,839
72,214
Total equity
225,910
218,285
O. & W. Crawshaw Limited
Statement Of Financial Position (continued)
as at 31 March 2023
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his 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.
The financial statements were approved and signed by the director and authorised for issue on 15 November 2023
J G Crawshaw
Director
Company Registration No. 00560075
O. & W. Crawshaw Limited
Notes to the financial statements
for the year ended 31 March 2023
- 3 -
1
Accounting policies
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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the amount derived from the provision of goods and services falling within the company's activities after deduction of the trade discounts and value added tax. Turnover is recognised upon provision of contracted services.
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:
Land and buildings Freehold
Not depreciated
Plant and machinery
15% per annum on a reducing balance basis
Fixtures, fittings & equipment
15% per annum on a reducing balance basis
Motor vehicles
25% per annum on a reducing balance basis
No depreciation has been provided on freehold property since the directors are of the opinion that any such amount would be immaterial due to the long useful economic life of the asset.
Stocks
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.
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.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
O. & W. Crawshaw Limited
Notes to the financial statements (continued)
for the year ended 31 March 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
14
10
3
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2022
222,500
67,640
24,919
68,600
383,659
Additions
3,450
22,750
26,200
Disposals
(12,850)
(12,850)
At 31 March 2023
222,500
67,640
28,369
78,500
397,009
Depreciation and impairment
At 1 April 2022
62,360
20,893
57,387
140,640
Depreciation charged in the year
792
1,121
5,585
7,498
Eliminated in respect of disposals
(12,601)
(12,601)
At 31 March 2023
63,152
22,014
50,371
135,537
Carrying amount
At 31 March 2023
222,500
4,488
6,355
28,129
261,472
At 31 March 2022
222,500
5,280
4,026
11,213
243,019
4
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
5,380
3,899
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
4,000
4,000
4,000
4,000
6
Company information
O. & W. Crawshaw Limited is a private company limited by shares incorporated in England and Wales. The registered office is Castle Quarry, Nursery Lane, Ripponden, West Yorkshire, HX6 4PD.