IRIS Accounts Production v23.4.0.336 04997217 Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049972172022-06-30049972172023-06-30049972172022-07-012023-06-30049972172021-06-30049972172021-07-012022-06-30049972172022-06-3004997217ns15:EnglandWales2022-07-012023-06-3004997217ns14:PoundSterling2022-07-012023-06-3004997217ns10:Director12022-07-012023-06-3004997217ns10:Director22022-07-012023-06-3004997217ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3004997217ns10:SmallEntities2022-07-012023-06-3004997217ns10:AuditExemptWithAccountantsReport2022-07-012023-06-3004997217ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3004997217ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004997217ns10:FullAccounts2022-07-012023-06-3004997217ns10:Director32022-07-012023-06-3004997217ns10:Director42022-07-012023-06-3004997217ns10:Director52022-07-012023-06-3004997217ns10:CompanySecretary12022-07-012023-06-3004997217ns10:RegisteredOffice2022-07-012023-06-3004997217ns5:CurrentFinancialInstruments2023-06-3004997217ns5:CurrentFinancialInstruments2022-06-3004997217ns5:ShareCapital2023-06-3004997217ns5:ShareCapital2022-06-3004997217ns5:RetainedEarningsAccumulatedLosses2023-06-3004997217ns5:RetainedEarningsAccumulatedLosses2022-06-3004997217ns5:LandBuildings2022-07-012023-06-3004997217ns5:PlantMachinery2022-07-012023-06-3004997217ns5:LandBuildings2022-06-3004997217ns5:PlantMachinery2022-06-3004997217ns5:LandBuildings2023-06-3004997217ns5:PlantMachinery2023-06-3004997217ns5:LandBuildings2022-06-3004997217ns5:PlantMachinery2022-06-3004997217ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-06-3004997217ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-012023-06-3004997217ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3004997217ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-06-3004997217ns5:CostValuation2022-06-3004997217ns5:AdditionsToInvestments2023-06-3004997217ns5:CostValuation2023-06-3004997217ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004997217ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 04997217 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

L & S CRAVEN & SONS LIMITED

L & S CRAVEN & SONS LIMITED (REGISTERED NUMBER: 04997217)

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










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


L & S CRAVEN & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: L Craven
R R Craven
S R Craven
Mrs S T Craven
Mrs N Craven





SECRETARY: Mrs N Craven





REGISTERED OFFICE: Bielsbeck Farm
Market Weighton
York
East Yorkshire
YO43 4LD





REGISTERED NUMBER: 04997217 (England and Wales)





ACCOUNTANTS: Bradbury & Co
Chartered Tax Advisers and Accountants
Driffield

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
L & S CRAVEN & SONS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L & S Craven & Sons Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of L & S Craven & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of L & S Craven & Sons Limited and state those matters that we have agreed to state to the Board of Directors of L & S Craven & Sons Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that L & S Craven & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of L & S Craven & Sons Limited. You consider that L & S Craven & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of L & S Craven & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bradbury & Co
Chartered Tax Advisers and Accountants
Driffield


14 December 2023

L & S CRAVEN & SONS LIMITED (REGISTERED NUMBER: 04997217)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 397,595 356,750
Investments 5 6,544 6,355
404,139 363,105

CURRENT ASSETS
Stocks 202,117 183,515
Debtors 6 55,049 30,736
Cash at bank 231,490 8,301
488,656 222,552
CREDITORS
Amounts falling due within one year 7 (385,394 ) (232,622 )
NET CURRENT ASSETS/(LIABILITIES) 103,262 (10,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,401

353,035

PROVISIONS FOR LIABILITIES (52,500 ) (39,300 )
NET ASSETS 454,901 313,735

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 454,801 313,635
SHAREHOLDERS' FUNDS 454,901 313,735

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.

L & S CRAVEN & SONS LIMITED (REGISTERED NUMBER: 04997217)

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 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 14 December 2023 and were signed on its behalf by:




L Craven - Director



S R Craven - Director


L & S CRAVEN & SONS LIMITED (REGISTERED NUMBER: 04997217)

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


1. STATUTORY INFORMATION

L & S Craven & Sons 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on cost
Plant and machinery etc - 15% on cost

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

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.

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 the shorter.

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

L & S CRAVEN & SONS LIMITED (REGISTERED NUMBER: 04997217)

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


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 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 308,926 568,772 877,698
Additions - 111,904 111,904
Disposals - (61,100 ) (61,100 )
At 30 June 2023 308,926 619,576 928,502
DEPRECIATION
At 1 July 2022 124,798 396,150 520,948
Charge for year 15,446 44,636 60,082
Eliminated on disposal - (50,123 ) (50,123 )
At 30 June 2023 140,244 390,663 530,907
NET BOOK VALUE
At 30 June 2023 168,682 228,913 397,595
At 30 June 2022 184,128 172,622 356,750

L & S CRAVEN & SONS LIMITED (REGISTERED NUMBER: 04997217)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022 73,075
Additions 97,000
Transfer to ownership (73,075 )
At 30 June 2023 97,000
DEPRECIATION
At 1 July 2022 22,875
Charge for year 6,063
Transfer to ownership (22,875 )
At 30 June 2023 6,063
NET BOOK VALUE
At 30 June 2023 90,937
At 30 June 2022 50,200

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022 6,355
Additions 189
At 30 June 2023 6,544
NET BOOK VALUE
At 30 June 2023 6,544
At 30 June 2022 6,355

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,539 11,472
Other debtors 24,510 19,264
55,049 30,736

L & S CRAVEN & SONS LIMITED (REGISTERED NUMBER: 04997217)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 28,000 11,587
Trade creditors 59,077 28,370
Taxation and social security 13,192 20,847
Other creditors 285,125 171,818
385,394 232,622

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 28,000 11,587