The Crowood Press Limited 02180752 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of book publishing. Digita Accounts Production Advanced 6.30.9574.0 true 02180752 2022-07-01 2023-06-30 02180752 2023-06-30 02180752 core:CurrentFinancialInstruments 2023-06-30 02180752 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 02180752 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 02180752 core:FurnitureFittings 2023-06-30 02180752 core:OfficeEquipment 2023-06-30 02180752 bus:SmallEntities 2022-07-01 2023-06-30 02180752 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 02180752 bus:FullAccounts 2022-07-01 2023-06-30 02180752 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 02180752 bus:RegisteredOffice 2022-07-01 2023-06-30 02180752 bus:Director3 2022-07-01 2023-06-30 02180752 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 02180752 core:IntangibleAssetsOtherThanGoodwill 2022-07-01 2023-06-30 02180752 core:FurnitureFittings 2022-07-01 2023-06-30 02180752 core:OfficeEquipment 2022-07-01 2023-06-30 02180752 countries:EnglandWales 2022-07-01 2023-06-30 02180752 2022-06-30 02180752 core:PatentsTrademarksLicencesConcessionsSimilar 2022-06-30 02180752 core:FurnitureFittings 2022-06-30 02180752 core:OfficeEquipment 2022-06-30 02180752 2021-07-01 2022-06-30 02180752 2022-06-30 02180752 core:CurrentFinancialInstruments 2022-06-30 02180752 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 02180752 core:FurnitureFittings 2022-06-30 02180752 core:OfficeEquipment 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 02180752

The Crowood Press Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

The Crowood Press Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

The Crowood Press Limited

(Registration number: 02180752)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

2,752

2,247

Current assets

 

Stocks

6

300,619

354,969

Debtors

7

664,488

883,464

Cash at bank and in hand

 

1,072,770

771,740

 

2,037,877

2,010,173

Creditors: Amounts falling due within one year

8

(417,084)

(529,882)

Net current assets

 

1,620,793

1,480,291

Net assets

 

1,623,545

1,482,538

Capital and reserves

 

Called up share capital

9,898

9,898

Capital redemption reserve

202

202

Retained earnings

1,613,445

1,472,438

Shareholders' funds

 

1,623,545

1,482,538

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2023 and signed on its behalf by:
 

.........................................
M L M Broadhead
Director

 

The Crowood Press Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Stable Block
Crowood Lane
Ramsbury
Marlborough
Wiltshire
SN8 2HR

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

The Crowood Press Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line basis

Fixtures and fittings

25% straight line basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intangibles

10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

The Crowood Press Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2022 - 14).

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 July 2022

2

2

At 30 June 2023

2

2

Amortisation

At 1 July 2022

2

2

At 30 June 2023

2

2

Carrying amount

At 30 June 2023

-

-

 

The Crowood Press Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 July 2022

5,457

3,714

9,171

Additions

-

1,360

1,360

At 30 June 2023

5,457

5,074

10,531

Depreciation

At 1 July 2022

5,457

1,467

6,924

Charge for the year

-

855

855

At 30 June 2023

5,457

2,322

7,779

Carrying amount

At 30 June 2023

-

2,752

2,752

At 30 June 2022

-

2,247

2,247

6

Stocks

2023
£

2022
£

Work in progress

36,953

36,752

Stock

263,666

318,217

300,619

354,969

7

Debtors

Current

2023
£

2022
£

Trade debtors

465,218

574,269

Other debtors

199,270

309,195

 

664,488

883,464

 

The Crowood Press Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

-

150,000

Trade creditors

164,673

221,737

Taxation and social security

108,275

11,531

Other creditors

144,136

146,614

417,084

529,882

9

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

-

150,000

10

Related party transactions

Other transactions with directors

Rent expense for the year of £25,000 was paid to a related party, in respect of office premises (2022: £25,000).