Company registration number 00554430 (England and Wales)
Frederick Crowther & Son Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Frederick Crowther & Son Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Frederick Crowther & Son Limited
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,004,945
954,796
Current assets
Stocks
444,603
497,575
Debtors
1,038,858
1,009,527
Cash at bank and in hand
835,962
863,412
2,319,423
2,370,514
Creditors: amounts falling due within one year
(1,941,588)
(2,405,647)
Net current assets/(liabilities)
377,835
(35,133)
Total assets less current liabilities
1,382,780
919,663
Creditors: amounts falling due after more than one year
(42,970)
(17,762)
Provisions for liabilities
4
(200,408)
(159,289)
Net assets
1,139,402
742,612
Capital and reserves
Called up share capital
5
24,000
24,000
Profit and loss reserves
1,115,402
718,612
Total equity
1,139,402
742,612
Frederick Crowther & Son Limited
Statement of financial position (continued)
as at 31 December 2023
- 2 -

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 February 2024 and are signed on its behalf by:
B Crowther
Director
Company registration number 00554430 (England and Wales)
Frederick Crowther & Son Limited
Notes to the financial statements
for the year ended 31 December 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities. Turnover is recognised on supply of goods or upon provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
10% reducing balance basis
Fixtures, fittings & equipment
20% on cost/10% reducing balance basis
Motor vehicles
25% on reducing balance basis
Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Frederick Crowther & Son Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
1
Accounting policies
(continued)
- 4 -
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 represent accumulated differences between the company's taxable profit and its financial profit and arise primarily from the difference between the accelerated capital allowances and depreciation.

Deferred tax is measured on an undiscounted basis at tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
48
51
Frederick Crowther & Son Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 5 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023
941,210
606,347
194,940
1,742,497
Additions
-
0
53,712
140,027
193,739
At 31 December 2023
941,210
660,059
334,967
1,936,236
Depreciation and impairment
At 1 January 2023
381,765
309,619
96,317
787,701
Depreciation charged in the year
55,939
55,763
31,888
143,590
At 31 December 2023
437,704
365,382
128,205
931,291
Carrying amount
At 31 December 2023
503,506
294,677
206,762
1,004,945
At 31 December 2022
559,445
296,728
98,623
954,796
4
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
200,408
159,289
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
24,000
24,000
24,000
24,000
6
Parent company

The parent company of Frederick Crowther & Son Limited is Ramorc Holding Limited and its registered office is Gooder Lane, Brighouse, West Yorkshire, HD6 1HB.

7
Company information

Frederick Crowther & Son Limited is a private company limited by shares incorporated in England and Wales. The registered office is Gooder Lane, Brighouse, West Yorkshire, HD6 1HB.

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