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REGISTERED NUMBER: 01415951 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE CRUSTY COB SHOP LIMITED

THE CRUSTY COB SHOP LIMITED (REGISTERED NUMBER: 01415951)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CRUSTY COB SHOP LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: M Harris
Mrs D Harris





REGISTERED OFFICE: 34 West Street
Conisbrough
Nr Doncaster
DN12 3JH





REGISTERED NUMBER: 01415951 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
Aizlewood's Mill
Nursery Street
Sheffield
S3 8GG

THE CRUSTY COB SHOP LIMITED (REGISTERED NUMBER: 01415951)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 265,146 298,462
Investment property 6 448,928 448,928
714,074 747,390

CURRENT ASSETS
Stocks 21,472 25,081
Debtors 7 40,218 28,491
Cash at bank and in hand 790,877 646,072
852,567 699,644
CREDITORS
Amounts falling due within one year 8 175,208 151,502
NET CURRENT ASSETS 677,359 548,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,391,433

1,295,532

PROVISIONS FOR LIABILITIES 49,349 43,835
NET ASSETS 1,342,084 1,251,697

CAPITAL AND RESERVES
Called up share capital 336 336
Capital redemption reserve 664 664
Fair value reserve 9 54,867 57,572
Retained earnings 1,286,217 1,193,125
SHAREHOLDERS' FUNDS 1,342,084 1,251,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 CRUSTY COB SHOP LIMITED (REGISTERED NUMBER: 01415951)

BALANCE SHEET - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





M Harris - Director


THE CRUSTY COB SHOP LIMITED (REGISTERED NUMBER: 01415951)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Crusty Cob Shop 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Monetary amounts in these financial statements are rounded to the nearest £.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided (see policy note below)
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 10% on cost and 10% on reducing balance

Investment property
In accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 " The Financial Reporting Standard applicable in the UK and Republic of Ireland " investment properties are revalued annually and the aggregate surplus or deficit after taxation is transferred to a fair value reserve. The Directors consider that this accounting policy results in the financial statements giving a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise been shown cannot be separately identified or quantified.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

THE CRUSTY COB SHOP LIMITED (REGISTERED NUMBER: 01415951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Freehold property
In the opinion of the directors the buildings residual value is such that it would at least equate to net book value. Therefore the depreciation to expected value, as required by the Companies Act 2006 and Section 1A "Small Entities" of Financial Reporting Standard 102 " The Financial Reporting Standard applicable in the UK and Republic of Ireland " is not material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 36,696
AMORTISATION
At 1 April 2023
and 31 March 2024 36,696
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

THE CRUSTY COB SHOP LIMITED (REGISTERED NUMBER: 01415951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 112,822 1,055,771 1,168,593
Additions - 12,190 12,190
Disposals - (81,733 ) (81,733 )
At 31 March 2024 112,822 986,228 1,099,050
DEPRECIATION
At 1 April 2023 - 870,131 870,131
Charge for year - 34,431 34,431
Eliminated on disposal - (70,658 ) (70,658 )
At 31 March 2024 - 833,904 833,904
NET BOOK VALUE
At 31 March 2024 112,822 152,324 265,146
At 31 March 2023 112,822 185,640 298,462

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 448,928
NET BOOK VALUE
At 31 March 2024 448,928
At 31 March 2023 448,928

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 51,498
Valuation in 2022 14,637
Cost 382,793
448,928

THE CRUSTY COB SHOP LIMITED (REGISTERED NUMBER: 01415951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 382,793 382,793

The investment property was valued on an open market basis on 31 March 2024 by Michael Harris, director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 673 48
Other debtors 39,545 28,443
40,218 28,491

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 20,882 16,987
Taxation and social security 86,232 63,804
Other creditors 68,094 70,711
175,208 151,502

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 57,572
Movement on reserves (2,705 )

At 31 March 2024 54,867

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Harris.