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Registration number: 01906911

COMPANIES HOUSE COPY

G Crook & Sons Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

G Crook & Sons Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Abridged Financial Statements

9 to 11

 

G Crook & Sons Limited

Company Information

Directors

Mr Barry John Crook

Mrs Michelle Anne Crook

Company secretary

Mrs Michelle Anne Crook

Registered office

20 Vespasian Way
Dorchester
Dorset
DT1 2RD

Accountants

Winsor Associates
20 Vespasian Way
Dorchester
Dorset
DT1 2RD

 

G Crook & Sons Limited

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the abridged financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Barry John Crook

Mrs Michelle Anne Crook - Company secretary and director

Principal activity

The principal activity of the company is as a Partner in the Grook & Sons Partnership; a business that has divisions in Plant hire, Agricultural machiney, Property rental, Hotel & Public houses and a Recycling centre.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

.........................................
Mr Barry John Crook
Director

 

Certified Practising Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
G Crook & Sons Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G Crook & Sons Limited for the year ended 31 December 2023 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of G Crook & Sons Limited, as a body, in accordance with the terms of our engagement . Our work has been undertaken solely to prepare for your approval the accounts of G Crook & Sons Limited and state those matters that we have agreed to state to the Board of Directors of G Crook & Sons Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G Crook & Sons Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that G Crook & Sons Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of G Crook & Sons Limited. You consider that G Crook & 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 accounts of G Crook & 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 accounts.

......................................

Winsor Associates
20 Vespasian Way
Dorchester
Dorset
DT1 2RD

9 September 2024

 

G Crook & Sons Limited

Abridged Profit and Loss Account for the Year Ended 31 December 2023

Note

2023
£

2022
£

Gross profit

 

1,444,535

893,033

Profit before tax

1,444,535

893,033

Tax on profit

 

-

(205,490)

Profit for the financial year

 

1,444,535

687,543

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

G Crook & Sons Limited

Statement of Comprehensive Income for the Year Ended 31 December 2023

2023
£

2022
£

Profit for the year

1,444,535

687,543

Total comprehensive income for the year

1,444,535

687,543

 

G Crook & Sons Limited

(Registration number: 01906911)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

40,000

40,000

Investments

37,584,150

36,477,615

 

37,624,150

36,517,615

Current assets

 

Debtors

5

119,134

119,134

Creditors: Amounts falling due within one year

(515,000)

(853,000)

Net current liabilities

 

(395,866)

(733,866)

Net assets

 

37,228,284

35,783,749

Capital and reserves

 

Called up share capital

6

8,005

8,005

Revaluation reserve

1,915,000

1,915,000

Other reserves

1,995

1,995

Retained earnings

35,303,284

33,858,749

Shareholders' funds

 

37,228,284

35,783,749

 

G Crook & Sons Limited

(Registration number: 01906911)
Abridged Balance Sheet as at 31 December 2023

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.

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

.........................................
Mr Barry John Crook
Director

 

G Crook & Sons Limited

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Revaluation reserve
£

Other reserves
£

Profit and loss account
£

Total
£

At 1 January 2023

8,005

1,915,000

1,995

33,858,749

35,783,749

Profit for the year

-

-

-

1,444,535

1,444,535

Total comprehensive income

-

-

-

1,444,535

1,444,535

At 31 December 2023

8,005

1,915,000

1,995

35,303,284

37,228,284

Share capital
£

Revaluation reserve
£

Other reserves
£

Profit and loss account
£

Total
£

At 1 January 2022

8,005

1,915,000

1,995

33,171,206

35,096,206

Profit for the year

-

-

-

687,543

687,543

Total comprehensive income

-

-

-

687,543

687,543

At 31 December 2022

8,005

1,915,000

1,995

33,858,749

35,783,749

 

G Crook & Sons Limited

Notes to the Unaudited Abridged 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.

The address of its registered office is:
20 Vespasian Way
Dorchester
Dorset
DT1 2RD
United Kingdom

These financial statements were authorised for issue by the Board on 9 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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

G Crook & Sons Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

G Crook & Sons Limited

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

40,000

40,000

At 31 December 2023

40,000

40,000

Depreciation

Carrying amount

At 31 December 2023

40,000

40,000

At 31 December 2022

40,000

40,000

Included within the net book value of land and buildings above is £40,000 (2022 - £40,000) in respect of freehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

8,005

8,005

8,005

8,005