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REGISTERED NUMBER: 05787177 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Crowthers Accountants Limited

Crowthers Accountants Limited (Registered number: 05787177)






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


Crowthers Accountants Limited

Company Information
for the Year Ended 31 March 2024







Directors: J J Crowther FCA
Mrs N L Walding FCA CTA
I P Cooke FCA
Mrs S Howard FCA
Miss S L Crowther FCA CTA
Miss L M Davenport ACA





Secretary: Mrs A J Crowther





Registered office: The Courtyard
19 High Street
Pershore
Worcestershire
WR10 1AA





Registered number: 05787177 (England and Wales)





Accountants: Crowthers Chartered Accountants
15 St Georges Road
Cheltenham
Gloucestershire
GL50 3DT

Crowthers Accountants Limited (Registered number: 05787177)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 36,512
Tangible assets 5 7,699 32,232
Investments 6 100 100
7,799 68,844

CURRENT ASSETS
Stocks - 1,609
Debtors 7 750,869 888,327
Cash at bank 182,306 326,076
933,175 1,216,012
CREDITORS
Amounts falling due within one year 8 281,942 416,752
NET CURRENT ASSETS 651,233 799,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,032

868,104

PROVISIONS FOR LIABILITIES 1,925 6,124
NET ASSETS 657,107 861,980

CAPITAL AND RESERVES
Called up share capital 9,500 9,500
Capital redemption reserve 500 500
Retained earnings 647,107 851,980
SHAREHOLDERS' FUNDS 657,107 861,980

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.

Crowthers Accountants Limited (Registered number: 05787177)

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 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 26 June 2024 and were signed on its behalf by:




J J Crowther FCA - Director



Mrs N L Walding FCA CTA - Director


Crowthers Accountants Limited (Registered number: 05787177)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Crowthers Accountants 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.

Significant judgements and estimates
In the application of the company's accounting policies, which are described in the notes, the directors are required to make judgements; estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered· to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods

Turnover
Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Invoices may not be raised until the work is complete so the value of incomplete services is included as amounts recoverable on contracts in the balance sheet.

Goodwill
Goodwill being the amounts paid in connection with:

a) the transfer of businesses in 2007 that was amortised over 10 years
b) the acquisition of Edward Watkins accountancy practice in 2011 that was amortised over 2 years, and
c) the acquisition of Richard Shaw accountancy practice in 2022 that is amortised over 2 years.

The amortisation is calculated to write off the cost of goodwill over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Investments in subsidiaries
The investment in subsidiary represents shares in the dormant company Crowther Associates Limited and are stated at nominal value.

Taxation
Current tax: including UK corporation tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Crowthers Accountants Limited (Registered number: 05787177)

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 where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. ·

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 698,790
Amortisation
At 1 April 2023 662,278
Charge for year 36,512
At 31 March 2024 698,790
Net book value
At 31 March 2024 -
At 31 March 2023 36,512

Crowthers Accountants Limited (Registered number: 05787177)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2023
and 31 March 2024 182,665
Depreciation
At 1 April 2023 150,432
Charge for year 24,534
At 31 March 2024 174,966
Net book value
At 31 March 2024 7,699
At 31 March 2023 32,233

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 April 2023
and 31 March 2024 100
Net book value
At 31 March 2024 100
At 31 March 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 643,251 782,454
Amounts recoverable on contract 33,975 27,918
Other debtors 73,643 77,955
750,869 888,327

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,080 20,498
Taxation and social security 245,274 348,932
Other creditors 2,588 47,322
281,942 416,752