Crombie Wilkinson Services Limited 08892323 false 2023-05-01 2024-03-31 2024-03-31 The principal activity of the company is the supply of staff and related services to Crombie Wilkinson Solicitors LLP. Digita Accounts Production Advanced 6.30.9574.0 true true 08892323 2023-05-01 2024-03-31 08892323 2024-03-31 08892323 core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08892323 core:CurrentFinancialInstruments 2024-03-31 08892323 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08892323 core:FurnitureFittingsToolsEquipment 2024-03-31 08892323 bus:SmallEntities 2023-05-01 2024-03-31 08892323 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-03-31 08892323 bus:FullAccounts 2023-05-01 2024-03-31 08892323 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-03-31 08892323 bus:RegisteredOffice 2023-05-01 2024-03-31 08892323 bus:Director1 2023-05-01 2024-03-31 08892323 bus:Director3 2023-05-01 2024-03-31 08892323 bus:Director5 2023-05-01 2024-03-31 08892323 bus:Director7 2023-05-01 2024-03-31 08892323 bus:Director8 2023-05-01 2024-03-31 08892323 bus:Director9 2023-05-01 2024-03-31 08892323 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-03-31 08892323 bus:Agent1 2023-05-01 2024-03-31 08892323 core:FurnitureFittings 2023-05-01 2024-03-31 08892323 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-03-31 08892323 countries:EnglandWales 2023-05-01 2024-03-31 08892323 core:FurnitureFittingsToolsEquipment 2023-04-30 08892323 2022-05-01 2023-04-30 08892323 2023-04-30 08892323 core:AcceleratedTaxDepreciationDeferredTax 2023-04-30 08892323 core:CurrentFinancialInstruments 2023-04-30 08892323 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08892323 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 08892323

Prepared for the registrar

Crombie Wilkinson Services Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 May 2023 to 31 March 2024

 

Crombie Wilkinson Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Crombie Wilkinson Services Limited

Company Information

Directors

D G Morter

S E Murgatroyd

D C Myles

N A Largan

I J Barnard

A L Holliday

Registered office

19 Clifford Street
York
Yorkshire
YO1 9RJ

Bankers

Lloyds Bank plc
2 Pavement
York
Yorkshire
YO1 9UP

Accountants

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

Crombie Wilkinson Services Limited

(Registration number: 08892323)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,962

10,711

Current assets

 

Debtors

5

1,183,291

969,183

Cash at bank and in hand

 

6,177

489

 

1,189,468

969,672

Creditors: Amounts falling due within one year

6

(1,010,320)

(789,664)

Net current assets

 

179,148

180,008

Total assets less current liabilities

 

186,110

190,719

Deferred tax liabilities

7

(1,741)

(2,678)

Net assets

 

184,369

188,041

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

184,367

188,039

Shareholders' funds

 

184,369

188,041

For the financial period ending 31 March 2024 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 period 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 October 2024 and signed on its behalf by:
 


D G Morter
Director

 

Crombie Wilkinson Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

 

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:
19 Clifford Street
York
Yorkshire
YO1 9RJ

 

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

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
The financial statements do not contain any significant judgements or estimation uncertainty.
 

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to Crombie Wilkinson Solicitors LLP.

Tax

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

The current corporation 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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

Fixtures and fittings

15% straight line

 

Crombie Wilkinson Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

Trade debtors

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

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. 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 debtors.

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 all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Crombie Wilkinson Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

Crombie Wilkinson Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 91 (2023 - 87).

 

4

Tangible assets

Fixtures and fittings
 £

Cost

At 1 May 2023

41,220

At 31 March 2024

41,220

Depreciation

At 1 May 2023

30,509

Charge for the year

3,749

At 31 March 2024

34,258

Carrying amount

At 31 March 2024

6,962

At 30 April 2023

10,711

 

5

Debtors

31 March 2024
 £

30 April 2023
 £

Trade debtors

1,182,989

966,369

Other debtors

302

302

Prepayments

-

2,512

 

1,183,291

969,183

 

Crombie Wilkinson Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

 

6

Creditors

Note

31 March 2024
 £

30 April 2023
 £

Due within one year

 

Social security and other taxes

 

153,177

191,037

Outstanding defined contribution pension costs

 

16,520

15,786

Other creditors

 

702,849

548,604

Accrued expenses

 

98,454

3,810

Corporation tax liability

39,320

30,427

 

1,010,320

789,664

 

7

Deferred tax

Deferred tax assets and liabilities

2024

Liability
£

Difference between depreciation and capital allowances

1,680

1,680

2023

Liability
£

Difference between depreciation and capital allowances

2,678

2,678