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REGISTERED NUMBER: 02405751 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CAMCRAFT LIMITED

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMCRAFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S Lawrence
B Mueller
S M Woods
M Bugarcic





REGISTERED OFFICE: Unit 10-11
Court Farm Industrial Estate
Bishops Frome
Worcester
Worcestershire
WR6 5AY





REGISTERED NUMBER: 02405751 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,254,530 1,052,249
1,254,530 1,052,249

CURRENT ASSETS
Stocks 1,030,850 1,241,394
Debtors 6 669,187 641,868
Cash at bank and in hand 1,015,915 94,509
2,715,952 1,977,771
CREDITORS
Amounts falling due within one year 7 1,122,834 809,410
NET CURRENT ASSETS 1,593,118 1,168,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,847,648

2,220,610

CREDITORS
Amounts falling due after more than
one year

8

(269,059

)

(399,814

)

PROVISIONS FOR LIABILITIES 10 (304,871 ) (252,529 )
NET ASSETS 2,273,718 1,568,267

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

BALANCE SHEET - continued
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 111 111
Retained earnings 2,273,607 1,568,156
2,273,718 1,568,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





S Lawrence - Director


CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Camcraft Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance and 10% on reducing balance
Plant and machinery - 20% on cost, 20% on cost, 10% on cost and at varying rates on cost
Motor vehicles - 25% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Derivatives, including forward foreign exchange rates, are not basic financial instruments. Derivatives artificially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value at the year end. Changes in the fair value of derivatives are recognised in the statement of income and retained earnings as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange contracts.


CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of those obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on the going concern basis.

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 October 2023
and 30 September 2024 363,828
AMORTISATION
At 1 October 2023
and 30 September 2024 363,828
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2023 87,028 2,967,495 175,878 3,230,401
Additions - 402,140 - 402,140
Disposals - (19,337 ) - (19,337 )
At 30 September 2024 87,028 3,350,298 175,878 3,613,204
DEPRECIATION
At 1 October 2023 67,775 1,980,161 130,216 2,178,152
Charge for year 3,113 172,454 24,292 199,859
Eliminated on disposal - (19,337 ) - (19,337 )
At 30 September 2024 70,888 2,133,278 154,508 2,358,674
NET BOOK VALUE
At 30 September 2024 16,140 1,217,020 21,370 1,254,530
At 30 September 2023 19,253 987,334 45,662 1,052,249

The net book value of assets held under finance leases or hire purchase contracts, included within the above categories, are plant and machinery £857,454 (2023: £567,184) and motor vehicles £21,370 (2023: £45,662).

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 239,702 328,831
Other debtors 122,502 85,124
Directors' current accounts 260,277 204,347
Corporation tax - 4,316
VAT 31,248 -
Prepayments and accrued income 15,458 19,250
669,187 641,868

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 457,776 130,958
Trade creditors 491,364 391,218
Social security and other taxes 94,646 92,556
VAT - 868
Business credit card - 12,690
Business interruption loans - 80,096
Accruals and deferred income 79,048 101,024
1,122,834 809,410

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 269,059 382,449
Business interruption loans - 17,365
269,059 399,814

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 726,835 513,407

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 304,871 252,529

CAMCRAFT LIMITED (REGISTERED NUMBER: 02405751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 252,529
Provided during year 52,342
Balance at 30 September 2024 304,871

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
J S Pearson
Balance outstanding at start of year 148,869 153,577
Amounts advanced 86,926 44,769
Amounts repaid (36,651 ) (49,477 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 199,144 148,869

S Lawrence
Balance outstanding at start of year 55,477 71,276
Amounts advanced 31,750 30,101
Amounts repaid (26,097 ) (45,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,130 55,477

Money was owed to the company by the Directors at the year end, as shown in the debtors note. Interest is charged on these balances at the HMRC approved rate. The loans are unsecured and are repayable on demand.

12. RELATED PARTY DISCLOSURES

Co-Motion Limited is majority owned by Mr J S Pearson, one of the director of Camcraft Limited until his resignation on 7 October. No amounts were due to Co-Motion Limited at either year end. In the year to 30 September 2023 £2,678 of Co-Motion Limited costs were written off.

Camcraft Limited is a wholly owned subsidiary of Transom Wild Limited. Mr J S Pearson was director of both companies until 7 October 2024. Mrs S Lawrence is a director of both companies. From 7 October 2024 the company is controlled by Howmet Limited and Mr M Bugaric, Mr S Woods and Mr B Mueller are directors of both companies.