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Registration number: 03909505

Craven & Co Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Craven & Co Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 8

 

Craven & Co Limited

(Registration number: 03909505)
Balance Sheet as at 31 December 2023

Note

31 December
2023
£

31 December
2022
£

Fixed assets

 

Intangible assets

4

2,083

5,000

Tangible assets

5

70,608

120,350

Investments

6

2

2

 

72,693

125,352

Current assets

 

Stocks

254,091

571,343

Debtors

7

3,154,326

3,600,708

Cash at bank and in hand

 

103,675

97,535

 

3,512,092

4,269,586

Creditors: Amounts falling due within one year

8

(2,264,200)

(2,977,632)

Net current assets

 

1,247,892

1,291,954

Total assets less current liabilities

 

1,320,585

1,417,306

Creditors: Amounts falling due after more than one year

8

(34,789)

(49,718)

Provisions for liabilities

(15,272)

(22,866)

Net assets

 

1,270,524

1,344,722

Capital and reserves

 

Called up share capital

68,141

68,141

Share premium reserve

229,445

229,445

Capital redemption reserve

88,441

88,441

Profit and loss account

884,497

958,695

Total equity

 

1,270,524

1,344,722

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Craven & Co Limited

(Registration number: 03909505)
Balance Sheet as at 31 December 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2024
 

.........................................
Mr Wesley Michael Spencer Dance
Director

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Manse Lane
Knaresborough
North Yorkshire
HG5 8ET

These financial statements were authorised for issue by the director on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

12.5% - 25% Straight line

Fixtures and fittings

15% - 20% Straight line

Motor vehicles

20% Straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 5 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 41 (2022 - 51).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2023

12,500

12,500

At 31 December 2023

12,500

12,500

Amortisation

At 1 January 2023

7,500

7,500

Amortisation charge

2,917

2,917

At 31 December 2023

10,417

10,417

Carrying amount

At 31 December 2023

2,083

2,083

At 31 December 2022

5,000

5,000

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

279,567

2,077,006

23,729

2,380,302

At 31 December 2023

279,567

2,077,006

23,729

2,380,302

Depreciation

At 1 January 2023

271,967

1,974,027

23,729

2,269,723

Charge for the year

3,067

36,904

-

39,971

At 31 December 2023

275,034

2,010,931

23,729

2,309,694

Carrying amount

At 31 December 2023

4,533

66,075

-

70,608

At 31 December 2022

8,824

111,526

-

120,350

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

6

Investments

31 December
2023
£

31 December
2022
£

Investments in subsidiaries

2

2

Subsidiaries

£

Cost

At 1 January 2023 and 31 December 2023

2

Carrying amount

At 31 December 2023

2

At 31 December 2022

2

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

     

31 December 2023

31 December 2022

Subsidiary undertakings

Firmashelf Ltd

Ordinary

100%

100%

         

Richard Craven & Co Ltd

Ordinary

100%

100%

         

Subsidiary undertakings

Firmashelf Ltd

The principal activity of Firmashelf Ltd is Dormant Company.

Richard Craven & Co Ltd

The principal activity of Richard Craven & Co Ltd is Dormant Company.

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Debtors

31 December
2023
£

31 December
2022
£

Trade debtors

809,019

912,132

Other debtors

161,804

192,790

Amounts owed by parent undertakings

2,183,503

2,495,786

Total current trade and other debtors

3,154,326

3,600,708

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

8

Creditors

Creditors: amounts falling due within one year

Note

31 December
2023
£

31 December
2022
£

Due within one year

 

Bank loans and overdrafts

9

573,711

1,015,708

Trade creditors

 

1,045,505

828,983

Amounts owed to group undertakings

 

193,537

366,949

Taxation and social security

 

143,148

353,825

Accruals and deferred income

 

86,666

409,012

Other creditors

 

221,633

3,155

 

2,264,200

2,977,632

Creditors: amounts falling due after more than one year

Note

31 December
2023
£

31 December
2022
£

Due after one year

 

Loans and borrowings

9

34,789

49,718

9

Loans and borrowings

31 December
2023
£

31 December
2022
£

Non-current loans and borrowings

HP and finance lease liabilities

34,789

49,718

Current loans and borrowings

31 December
2023
£

31 December
2022
£

Bank borrowings

-

184,546

Bank overdrafts

556,252

798,432

Hire purchase contracts

17,459

32,730

573,711

1,015,708

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

10

Related party transactions

Summary of transactions with parent

CBB Group Ltd
(Parent Company)

Craven & Co Limited is 100% subsidiary of CBB Group Ltd.

 There were no disclosable transactions during the year. At the balance sheet date the amount due from CBB Group Ltd was £2,183,503 (2022 - £2,495,786).
 

Summary of transactions with associates

Booth Wire Products Ltd

Associate Company under common control.

 During the year Booth Wire Products Ltd made purchase of £28,568 (2022 - £255,370) from Craven & Co Limited and made sales of £Nil (2022 - £7,164) to Craven & Co Limited. At the balance sheet date the amount due to Craven & Co Limited was £176,945 (2022 - £171,811).
 

Summary of transactions with associates

Bedford Shelving Limited

Associate Company under common control.

During the year Bedford Shelving Limited made purchase of £235,748 (2022 - £194,017) from Craven & Co Limited and made sales of £90,326 (2022 - £394,869) to Craven & Co Limited. At the balance sheet date the amount due to Craven & Co Limited was £319,293 (2022 - £240,965).