Registered number
06527892
Crawford Accountants Limited
Filleted Accounts
31 July 2024
Crawford Accountants Limited
Registered number: 06527892
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 6,869 7,630
Current assets
Stocks 650 650
Debtors 5 122,477 79,087
Cash at bank and in hand 59,200 61,744
182,327 141,481
Creditors: amounts falling due within one year 6 (138,026) (111,507)
Net current assets 44,301 29,974
Total assets less current liabilities 51,170 37,604
Provisions for liabilities (1,515) (1,665)
Net assets 49,655 35,939
Capital and reserves
Called up share capital 1,009 1,009
Profit and loss account 48,646 34,930
Shareholders' funds 49,655 35,939
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies' regime. The statement of income and retained earnings has not been delivered to the Registrar of Companies.
……………………………………
R W Bishop
Director
Approved by the board on 21 August 2024
Crawford Accountants Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
The principal accounting policies adopted in the preparation of the accounts are set out below; they have remained unchanged from the previous period and have been consistently applied:
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland, Section 1A (small entities). There have been no material departures from that standard.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulated amortisation and impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the 'first in first out' method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6.00 6.00
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 226,642
At 31 July 2024 226,642
Amortisation
At 1 August 2023 226,642
At 31 July 2024 226,642
Net book value
At 31 July 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery
£
Cost
At 1 August 2023 23,211
At 31 July 2024 23,211
Depreciation
At 1 August 2023 15,581
Charge for the year 761
At 31 July 2024 16,342
Net book value
At 31 July 2024 6,869
At 31 July 2023 7,630
5 Debtors 2024 2023
£ £
Trade debtors 25,102 26,116
Other debtors 97,375 52,971
122,477 79,087
Amounts due after more than one year included above 2,823 3,124
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,959 3,314
Taxation and social security costs 77,835 62,303
Other creditors 58,232 45,890
138,026 111,507
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 81,414 105,087
8 Other information
Crawford Accountants Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Ralls House, Parklands Business Park, Forest Road, Denmead, Waterlooville, Hants, PO7 6XP.
Crawford Accountants Limited 06527892 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 R W Bishop No description of principal activity 06527892 2022-08-01 2023-07-31 06527892 core:WithinOneYear 2023-07-31 06527892 core:ShareCapital 2023-07-31 06527892 core:RetainedEarningsAccumulatedLosses 2023-07-31 06527892 core:AfterOneYear 2023-07-31 06527892 core:AllPeriods 2023-07-31 06527892 2023-08-01 2024-07-31 06527892 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06527892 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06527892 bus:Director40 2023-08-01 2024-07-31 06527892 1 2023-08-01 2024-07-31 06527892 2 2023-08-01 2024-07-31 06527892 core:PlantMachinery 2023-08-01 2024-07-31 06527892 countries:England 2023-08-01 2024-07-31 06527892 bus:FRS102 2023-08-01 2024-07-31 06527892 bus:FilletedAccounts 2023-08-01 2024-07-31 06527892 2024-07-31 06527892 core:WithinOneYear 2024-07-31 06527892 core:ShareCapital 2024-07-31 06527892 core:RetainedEarningsAccumulatedLosses 2024-07-31 06527892 core:Goodwill 2024-07-31 06527892 core:PlantMachinery 2024-07-31 06527892 core:AfterOneYear 2024-07-31 06527892 core:AllPeriods 2024-07-31 06527892 2023-07-31 06527892 core:Goodwill 2023-07-31 06527892 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure