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REGISTERED NUMBER: 08898879 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CRESSWELLS ACCOUNTANTS (UK) LIMITED

CRESSWELLS ACCOUNTANTS (UK) LIMITED (REGISTERED NUMBER: 08898879)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRESSWELLS ACCOUNTANTS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P S Vine
J Dakin
Mrs S L Helliwell





REGISTERED OFFICE: 12 Market Street
Hebden Bridge
HX7 6AD





REGISTERED NUMBER: 08898879 (England and Wales)






CRESSWELLS ACCOUNTANTS (UK) LIMITED (REGISTERED NUMBER: 08898879)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 584,805 642,555
Tangible assets 5 328,103 334,933
Investments 6 1 1
912,909 977,489

CURRENT ASSETS
Debtors 7 645,288 602,797
Cash at bank and in hand 260,228 177,383
905,516 780,180
CREDITORS
Amounts falling due within one year 8 381,796 366,730
NET CURRENT ASSETS 523,720 413,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,436,629

1,390,939

CREDITORS
Amounts falling due after more than
one year

9

1,290,257

1,359,908
NET ASSETS 146,372 31,031

CAPITAL AND RESERVES
Called up share capital 378 378
Retained earnings 145,994 30,653
SHAREHOLDERS' FUNDS 146,372 31,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

CRESSWELLS ACCOUNTANTS (UK) LIMITED (REGISTERED NUMBER: 08898879)

BALANCE SHEET - continued
31ST MARCH 2024


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 9th April 2024 and were signed on its behalf by:




P S Vine - Director



J Dakin - Director


CRESSWELLS ACCOUNTANTS (UK) LIMITED (REGISTERED NUMBER: 08898879)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Cresswells Accountants (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 amounts chargeable to clients for professional services provided during the year, including direct costs and excluding value added tax.

Turnover is recognised when a right to consideration has been obtained in exchange for performance of contractual obligations. Consideration accrues on the basis of the time spent.

To the extent that turnover is recognised on services for which an invoice has not yet been raised, it is included in debtors as "amounts recoverable on contracts".

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2014 and 2015, is being amortised evenly over their estimated useful lives of between four and twenty years.

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 cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - between 3 and 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

CRESSWELLS ACCOUNTANTS (UK) LIMITED (REGISTERED NUMBER: 08898879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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 21 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 1,179,580
AMORTISATION
At 1st April 2023 537,025
Amortisation for year 57,750
At 31st March 2024 594,775
NET BOOK VALUE
At 31st March 2024 584,805
At 31st March 2023 642,555

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 335,385 5,055 23,022 51,088 414,550
Additions - - 1,350 3,577 4,927
At 31st March 2024 335,385 5,055 24,372 54,665 419,477
DEPRECIATION
At 1st April 2023 24,456 761 13,482 40,918 79,617
Charge for year 6,712 537 1,634 2,874 11,757
At 31st March 2024 31,168 1,298 15,116 43,792 91,374
NET BOOK VALUE
At 31st March 2024 304,217 3,757 9,256 10,873 328,103
At 31st March 2023 310,929 4,294 9,540 10,170 334,933

CRESSWELLS ACCOUNTANTS (UK) LIMITED (REGISTERED NUMBER: 08898879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 1
NET BOOK VALUE
At 31st March 2024 1
At 31st March 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 366,275 324,865
Amounts recoverable on contract 265,381 247,918
Other debtors 13,632 30,014
645,288 602,797

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,755 25,546
Trade creditors (3,977 ) 21,215
Taxation and social security 210,987 175,508
Other creditors 153,031 144,461
381,796 366,730

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 113,782 133,151
Other creditors 1,176,475 1,226,757
1,290,257 1,359,908

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,873 35,242

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 135,537 154,906