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REGISTERED NUMBER: 02405751 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CAMCRAFT LIMITED

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMCRAFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: S Lawrence
J S Pearson





REGISTERED OFFICE: Unit 10-11
Court Farm Industrial Estate
Bishops Frome
Worcester
Worcestershire
WR6 5AY





REGISTERED NUMBER: 02405751 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,052,249 902,474
1,052,249 902,474

CURRENT ASSETS
Stocks 1,241,394 1,681,423
Debtors 6 641,868 647,185
Cash at bank and in hand 94,509 429
1,977,771 2,329,037
CREDITORS
Amounts falling due within one year 7 809,410 1,487,132
NET CURRENT ASSETS 1,168,361 841,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,220,610

1,744,379

CREDITORS
Amounts falling due after more than
one year

8

(399,814

)

(369,710

)

PROVISIONS FOR LIABILITIES 10 (252,529 ) (196,387 )
NET ASSETS 1,568,267 1,178,282

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

BALANCE SHEET - continued
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 111 111
Retained earnings 1,568,156 1,178,171
1,568,267 1,178,282

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2024 and were signed on its behalf by:





J S Pearson - Director


CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

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


1. STATUTORY INFORMATION

Camcraft 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance and 10% on reducing balance
Plant and machinery - 33.3% on cost, 20% on cost, 10% on cost and at varying rates on cost
Motor vehicles - 33.3% on cost and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Derivatives, including forward foreign exchange rates, are not basic financial instruments. Derivatives artificially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value at the year end. Changes in the fair value of derivatives are recognised in the statement of income and retained earnings as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange contracts.


CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of those obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

Going concern
The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on the going concern basis.

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 October 2022
and 30 September 2023 363,828
AMORTISATION
At 1 October 2022
and 30 September 2023 363,828
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2022 80,594 2,790,711 240,286 3,111,591
Additions 6,434 274,508 34,748 315,690
Disposals - (97,724 ) (99,156 ) (196,880 )
At 30 September 2023 87,028 2,967,495 175,878 3,230,401
DEPRECIATION
At 1 October 2022 64,933 1,937,754 206,430 2,209,117
Charge for year 2,842 140,131 19,578 162,551
Eliminated on disposal - (97,724 ) (95,792 ) (193,516 )
At 30 September 2023 67,775 1,980,161 130,216 2,178,152
NET BOOK VALUE
At 30 September 2023 19,253 987,334 45,662 1,052,249
At 30 September 2022 15,661 852,957 33,856 902,474

The net book value of assets held under finance leases or hire purchase contracts, included within the above categories, are plant and machinery £567,184 (2022: £577,016) and motor vehicles £45,662 (2022: £33,856).

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 328,831 268,462
Other debtors 85,124 87,046
Directors' current accounts 204,347 224,853
Corporation tax 4,316 44,885
VAT - 3,881
Prepayments and accrued income 19,250 18,058
641,868 647,185

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 138,902
Hire purchase contracts 130,958 142,918
Trade creditors 391,218 244,970
Social security and other taxes 92,556 323,010
VAT 868 -
Pensions owed - 31,992
Derivative liability - 236,692
Business credit card 12,690 99,546
Business interruption loans 80,096 183,647
Accruals and deferred income 101,024 85,455
809,410 1,487,132

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 382,449 272,249
Business interruption loans 17,365 97,461
399,814 369,710

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 513,407 415,167

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

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


10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 252,529 196,387

Deferred
tax
£   
Balance at 1 October 2022 196,387
Provided during year 56,142
Balance at 30 September 2023 252,529

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
J S Pearson
Balance outstanding at start of year 153,577 169,241
Amounts advanced 44,769 3,441
Amounts repaid (49,477 ) (19,105 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 148,869 153,577

S Lawrence
Balance outstanding at start of year 71,276 62,264
Amounts advanced 30,101 9,012
Amounts repaid (45,900 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,477 71,276

Money was owed to the company by the Directors at the year end, as shown in the debtors note. Interest is charged on these balances at the HMRC approved rate. The loans are unsecured and are repayable on demand.

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

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


12. RELATED PARTY DISCLOSURES

Co-Motion Limited is majority owned by one of the directors of Camcraft Limited. No amounts were due to Co-Motion Limited at either year end. In the year to 30 September 2022 the opening balance of £82,647 was written off by a write back to the profit and loss account. During the year ended 30 September 2023 £2,678 of Co-Motion Limited costs were written off.

Camcraft Limited is a wholly owned subsidiary of Transom Wild Limited. Mr J S Pearson and Mrs S Lawrence are directors of both companies.