Registration number:
Craven & Co Limited
for the Year Ended 31 December 2023
Craven & Co Limited
(Registration number: 03909505)
Balance Sheet as at 31 December 2023
Note |
31 December |
31 December |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
68,141 |
68,141 |
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Share premium reserve |
229,445 |
229,445 |
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Capital redemption reserve |
88,441 |
88,441 |
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Profit and loss account |
884,497 |
958,695 |
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Total equity |
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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:
• |
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• |
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
......................................... |
Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 January 2023 |
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At 31 December 2023 |
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Amortisation |
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At 1 January 2023 |
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Amortisation charge |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Tangible assets |
Fixtures and fittings |
Plant and machinery |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 January 2023 |
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At 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
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- |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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- |
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At 31 December 2022 |
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- |
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Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Investments |
31 December |
31 December |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost |
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At 1 January 2023 and 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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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 |
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31 December 2023 |
31 December 2022 |
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Subsidiary undertakings |
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Ordinary |
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Ordinary |
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Subsidiary undertakings |
Firmashelf Ltd The principal activity of Firmashelf Ltd is |
Richard Craven & Co Ltd The principal activity of Richard Craven & Co Ltd is |
Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Debtors |
31 December |
31 December |
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Trade debtors |
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Other debtors |
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Amounts owed by parent undertakings |
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Total current trade and other debtors |
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Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Creditors |
Creditors: amounts falling due within one year
Note |
31 December |
31 December |
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
31 December |
31 December |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
31 December |
31 December |
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Non-current loans and borrowings |
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HP and finance lease liabilities |
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Current loans and borrowings
31 December |
31 December |
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Bank borrowings |
- |
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Bank overdrafts |
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Hire purchase contracts |
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Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Related party transactions |
Summary of transactions with parent
(Parent Company)
Craven & Co Limited is 100% subsidiary of CBB Group Ltd.
Summary of transactions with associates
Associate Company under common control.
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).