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REGISTERED NUMBER: 01327741 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 April 2024

for

Crampton and Moore (Television) Limited

Crampton and Moore (Television) Limited (Registered number: 01327741)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Independent Auditors' Report 5

Profit and Loss Account 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


Crampton and Moore (Television) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr R J Moore
Mrs M J Moore





SECRETARY: Mrs M J Moore





REGISTERED OFFICE: Poplar Way
Catcliffe
Rotherham
South Yorkshire
S60 5TR





REGISTERED NUMBER: 01327741 (England and Wales)





AUDITORS: Harris & Co Limited
Chartered Accountants & Statutory Auditor
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Crampton and Moore (Television) Limited (Registered number: 01327741)

Strategic Report
for the Year Ended 30 April 2024

The directors present their strategic report for the year ended 30 April 2024.

REVIEW OF BUSINESS
The directors aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year-end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

Turnover increased by £3,479k (10.9%) to £35,510k, and the gross profit percentage decreased to 24.8% (2023: 27.7%) which together resulted in a £60k decrease in gross profit to £8,801k (2023: £8,861k). Administrative expenses increased by £822k (15.4%) which, taken with the decrease in gross profit, resulted in the company recording a profit before tax of £2,437k (2023: £3,316k).

The Company's shareholders funds increased by £1,494k to £8,528k (2023: £7,034) reflecting retained profits. Net current assets increased by £646k to £5,717k (2023: £5,072k).

The directors are pleased with the Company's financial performance during the year despite the issues and uncertainties around the economy and market conditions. The Company is well placed to withstand any future adverse events as detailed in the basis of preparation note to the financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES
The company's operations expose it to a variety of financial risks that include the effects of changes in credit risk, liquidity risk and interest rate risk. The company does not use derivative financial instruments to manage interest rate costs and as such, no hedge accounting is applied.

The board of directors is responsible for monitoring financial risks and for deciding where it would be appropriate to use financial instruments to manage this risk.

Price risk
The company has no exposure to equity securities price risk as it holds no listed or other equity investments.

Credit risk
The company has implemented policies that require appropriate credit checks on potential customers before credit sales are made.

Liquidity risk
The company actively maintains a mixture of long-term and short-term debt to ensure that the company has sufficient available funds for its operations.

Interest rate cashflow risk
The company has interest bearing liabilities by way of bank loans and overdrafts, and therefore is exposed to interest rate cashflow risk. The board of directors regularly review the level and mix of debt to manage interest rate risk.

KEY PERFORMANCE INDICATORS
We consider that our key performance indicators are those that communicate the financial performance and strength of the company as a whole. Management use a range of performance measures to monitor and manage the business. The performance measures are split into financial and non-financial key performance indicators as set out below.


2024 2023

Profit ratios: Gross profit margin 24.78% 27.66%
Net profit after tax margin 5.26% 8.39%

Liquidity ratios: Current ratio 1.6:1 1.8:1

Activity ratios: Debtor days 30.9 days 28.9 days
Creditors days 90.9 days 74.6 days
Stock turnover 2.45 times 3.03 times

Crampton and Moore (Television) Limited (Registered number: 01327741)

Strategic Report
for the Year Ended 30 April 2024


ON BEHALF OF THE BOARD:





Mr R J Moore - Director


9 January 2025

Crampton and Moore (Television) Limited (Registered number: 01327741)

Report of the Directors
for the Year Ended 30 April 2024

The directors present their report with the financial statements of the Company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the Company in the year under review was that of electrical goods retailer.

DIVIDENDS
The total distribution of dividends for the year ended 30 April 2024 will be £ 363,600 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

Mr R J Moore
Mrs M J Moore

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

AUDITORS
The auditors, Harris & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr R J Moore - Director


9 January 2025

Independent Auditors' Report to the Members of
Crampton and Moore (Television) Limited

Opinion
We have audited the financial statements of Crampton and Moore (Television) Limited (the 'Company') for the year ended 30 April 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the Company's affairs as at 30 April 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Independent Auditors' Report to the Members of
Crampton and Moore (Television) Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- Enquiring of management, including obtaining and reviewing supporting documentation, concerning
the company's policies and procedures relating to:

-
Identifying, evaluating and complying with laws and regulations and whether they were aware of
any instances of non-compliance;

-
Detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud;

-
The internal controls established to mitigate risk related to fraud or non-compliance with laws &
regulations;
- Obtaining an understanding of the legal and regulatory frameworks that the company operates in,
focusing on those laws and regulations that had a direct effect on the financial statements or that had a
fundamental effect on the operations of the company. The key laws and regulations we considered in
this context included the customer contracts regulations, data protection act, employment, pension and
health and safety regulations as well as the Financial Conduct Authority regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Independent Auditors' Report to the Members of
Crampton and Moore (Television) Limited


Audit response to risks identified
Our procedures to respond to risks identified included the following:

- Reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with relevant laws and regulations;
- Enquiring of management concerning actual and potential litigation and claims;
- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risk of material misstatement due to fraud; and
- In addressing the risk of fraud through management override of controls, testing the appropriateness
of journal entries and other adjustments; assessing the judgements used in accounting estimates to
assess whether these may be indicative of potential bias; and evaluating the business rationale of any
significant transactions that are unusual or outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Tom Garner CA CTA (Senior Statutory Auditor)
for and on behalf of Harris & Co Limited
Chartered Accountants & Statutory Auditor
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

9 January 2025

Crampton and Moore (Television) Limited (Registered number: 01327741)

Profit and Loss Account
for the Year Ended 30 April 2024

2024 2023
Notes £    £   

TURNOVER 35,509,845 32,030,448

Cost of sales 26,709,136 23,169,228
GROSS PROFIT 8,800,709 8,861,220

Administrative expenses 6,149,424 5,327,832
2,651,285 3,533,388

Other operating income 4 3,050 19,488
OPERATING PROFIT 6 2,654,335 3,552,876


Interest payable and similar expenses 7 217,146 236,926
PROFIT BEFORE TAXATION 2,437,189 3,315,950

Tax on profit 8 579,672 629,923
PROFIT FOR THE FINANCIAL YEAR 1,857,517 2,686,027

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,857,517

2,686,027

Crampton and Moore (Television) Limited (Registered number: 01327741)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 6,864,111 6,280,986
Investments 11 1,000 1,000
6,865,111 6,281,986

CURRENT ASSETS
Stocks 12 10,901,802 7,640,661
Debtors 13 4,616,443 3,807,254
Cash at bank and in hand 33,173 318,402
15,551,418 11,766,317
CREDITORS
Amounts falling due within one year 14 9,833,932 6,694,739
NET CURRENT ASSETS 5,717,486 5,071,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,582,597

11,353,564

CREDITORS
Amounts falling due after more than one
year

15

(3,927,846

)

(4,225,850

)

PROVISIONS FOR LIABILITIES 19 (126,703 ) (93,583 )
NET ASSETS 8,528,048 7,034,131

CAPITAL AND RESERVES
Called up share capital 20 1,000 1,000
Retained earnings 21 8,527,048 7,033,131
SHAREHOLDERS' FUNDS 8,528,048 7,034,131

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:





Mr R J Moore - Director


Crampton and Moore (Television) Limited (Registered number: 01327741)

Statement of Changes in Equity
for the Year Ended 30 April 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 1,000 4,632,654 4,633,654

Changes in equity
Dividends - (285,550 ) (285,550 )
Total comprehensive income - 2,686,027 2,686,027
Balance at 30 April 2023 1,000 7,033,131 7,034,131

Changes in equity
Dividends - (363,600 ) (363,600 )
Total comprehensive income - 1,857,517 1,857,517
Balance at 30 April 2024 1,000 8,527,048 8,528,048

Crampton and Moore (Television) Limited (Registered number: 01327741)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Crampton and Moore (Television) 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared under the historical cost convention and in compliance with FRS 102, 'The Financial Standard Applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirement of paragraph 33.7.

Crampton and Moore (Television) Limited is a qualifying entity for the above exemptions as its results are consolidated into the financial statements of Crampton & Moore Holdings Limited which are publically available.

Preparation of consolidated financial statements
The financial statements contain information about Crampton and Moore (Television) Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Crampton & Moore Holdings Limited, Horsleygate Hall, Horsleygate Lane, Holmesfield, Dronfield, Derbyshire, England, S18 7WD.

Significant judgements and estimates
The significant judgements and estimates applied in the preparation of these financial statements are the useful lives and residual values of property and stock provisions. All accounting policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities.Turnover is recognised at the point of despatch or payment, whichever is earlier.

Crampton and Moore (Television) Limited (Registered number: 01327741)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-
Not provided as in the opinion of the directors the residual
value of the freehold buildings at the end of their useful life is
not significantly less than original cost.
Fixtures and motor vehicles-3 to 25 years on straight line and 25% on reducing balance.

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost is valued using the weighted average cost method and includes all purchase, transport and handling costs bringing stocks to their present location and condition.

Financial instruments
The company has adopted the provisions set out in sections 11 and 12 of FRS 102 in the recognition and measurement of financial instruments. All financial instruments are initially measured at the original transaction price, less associated costs. For subsequent measurement, basic financial instruments are measured at amortised cost in accordance with section 11 of FRS 102. Other financial instruments that are not considered basic and that are material to the financial statements are measured at fair value through profit or loss in accordance with section 12 of FRS 102.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Crampton and Moore (Television) Limited (Registered number: 01327741)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

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 the shorter.

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

Rentals paid under operating leases are charged to profit or loss 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.

4. OTHER OPERATING INCOME
2024 2023
£    £   
Rents received 3,050 19,488

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,276,753 1,166,242
Social security costs 111,500 124,663
Other pension costs 109,518 125,602
1,497,771 1,416,507

The average number of employees during the year was as follows:
2024 2023

Directors 2 2
Administrative 47 44
49 46

2024 2023
£    £   
Directors' remuneration 36,400 39,476
Directors' pension contributions to money purchase schemes 86,446 104,132

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

Crampton and Moore (Television) Limited (Registered number: 01327741)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 25,925 21,313
Depreciation - owned assets 86,068 88,855
Depreciation - assets on hire purchase contracts 32,354 -
Profit on disposal of fixed assets (18,630 ) (166,985 )
Auditors' remuneration 19,000 13,500
Auditors' remuneration for non audit work 5,000 4,250

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 210,434 233,210
Hire purchase 6,712 3,716
217,146 236,926

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 546,552 590,756

Deferred tax 33,120 39,167
Tax on profit 579,672 629,923

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 2,437,189 3,315,950
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 19.493%)

609,297

646,378

Effects of:
Expenses not deductible for tax purposes 33,381 39,712
Income not taxable for tax purposes (4,657 ) (32,648 )
Capital allowances in excess of depreciation (77,465 ) (23,185 )
Group tax relief (127 ) (334 )
Prior year adjustment 19,243 -
Total tax charge 579,672 629,923

Crampton and Moore (Television) Limited (Registered number: 01327741)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DIVIDENDS
2024 2023
£    £   
Interim 363,600 285,550

10. TANGIBLE FIXED ASSETS
Fixtures
Freehold and motor
property vehicles Totals
£    £    £   
COST
At 1 May 2023 5,993,766 825,222 6,818,988
Additions 453,630 285,523 739,153
Disposals - (90,666 ) (90,666 )
Reclassification/transfer (36,957 ) 36,957 -
At 30 April 2024 6,410,439 1,057,036 7,467,475
DEPRECIATION
At 1 May 2023 73,123 464,879 538,002
Charge for year 1,052 117,370 118,422
Eliminated on disposal - (53,060 ) (53,060 )
At 30 April 2024 74,175 529,189 603,364
NET BOOK VALUE
At 30 April 2024 6,336,264 527,847 6,864,111
At 30 April 2023 5,920,643 360,343 6,280,986

Freehold buildings are maintained to a high standard. In addition, in the opinion of the directors the residual value of the freehold buildings at the end of their useful life is not significantly less than original cost and so no depreciation is necessary.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and motor
vehicles
£   
COST
Additions 220,770
At 30 April 2024 220,770
DEPRECIATION
Charge for year 32,354
At 30 April 2024 32,354
NET BOOK VALUE
At 30 April 2024 188,416

Crampton and Moore (Television) Limited (Registered number: 01327741)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1,000
NET BOOK VALUE
At 30 April 2024 1,000
At 30 April 2023 1,000

The Company's investments at the Balance Sheet date in the share capital of companies include the following:

Horsleygate Hall Limited
Registered office: Horsleygate Hall Horsleygate Lane, Holmesfield, Dronfield, Derbyshire, S18 7WD
Nature of business: Self catering holiday cottages
%
Class of shares: holding
Ordinary 100.00

12. STOCKS
2024 2023
£    £   
Stocks 10,901,802 7,640,661

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,001,626 2,535,863
Amounts owed by group undertakings 1,127,397 1,129,157
Other debtors - 508
Directors' current accounts 39 548
VAT 172,769 -
Prepayments and accrued income 314,612 141,178
4,616,443 3,807,254

Amounts due from group undertakings represent amounts due from the company's subsidiary undertaking and are shown as receivable in less than one year as technically the debt is repayable on demand. In the view of the company's director, the value of the subsidiary undertaking's assets is sufficient to enable repayment of this debt, but the debt will not be recovered within 12 months of the balance sheet date.

Crampton and Moore (Television) Limited (Registered number: 01327741)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 16) 1,910,489 816,276
Hire purchase contracts (see note 17) 7,754 -
Trade creditors 7,441,702 5,230,777
Corporation tax 357,309 425,757
Social security and other taxes 35,382 54,477
VAT - 111,244
Other creditors 8,265 8,230
Accruals and deferred income 73,031 47,978
9,833,932 6,694,739

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 16) 3,802,403 4,225,850
Hire purchase contracts (see note 17) 125,443 -
3,927,846 4,225,850

16. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,485,158 -
Bank loans 425,331 816,276
1,910,489 816,276

Amounts falling due between one and two years:
Bank loans - 1-2 years 439,407 437,584

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,771,888 3,163,839

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 591,108 624,427
591,108 624,427

Crampton and Moore (Television) Limited (Registered number: 01327741)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 7,754 -
Between one and five years 125,443 -
133,197 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 40,411 44,136
Between one and five years 64,795 70,101
In more than five years - 7,175
105,206 121,412

18. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 1,485,158 -
Bank loans 4,227,734 5,042,126
Hire purchase contracts 133,197 -
5,846,089 5,042,126

The bank loans are secured on certain properties held on the balance sheet by means of legal mortgages and a debenture. The loans are repayable between 2 and 14 years and carry an annual interest rate of between 3.00% and 12.69%.

Hire purchase liabilities are secured against specific assets to which the agreements relate. The contracts are repayable between 1 and 4 years and carry an annual interest rate of between 8.54% and 9.37%.

19. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 106,703 73,583
Other provisions 20,000 20,000
126,703 93,583

Crampton and Moore (Television) Limited (Registered number: 01327741)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

19. PROVISIONS FOR LIABILITIES - continued

Deferred Other
tax provisions
£    £   
Balance at 1 May 2023 73,583 20,000
Charge to Profit and Loss Account during year 33,120 -
Balance at 30 April 2024 106,703 20,000

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

The Ordinary shares carry full voting and distribution rights.

21. RESERVES
Retained
earnings
£   

At 1 May 2023 7,033,131
Profit for the year 1,857,517
Dividends (363,600 )
At 30 April 2024 8,527,048

22. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr R J Moore
Balance outstanding at start of year 548 288
Amounts advanced 5,174 548
Amounts repaid (5,683 ) (288 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39 548

All advances and credits granted to the directors by the company are interest free and repayable on demand.

23. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of a parent undertaking whose financial statements are publicly available. Consequently, the company has taken advantage of section 33.1A of FRS 102 "Related party disclosures" from disclosing related party transactions with entities that are part of the Crampton & Moore Holdings Limited group.

Crampton and Moore (Television) Limited (Registered number: 01327741)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

24. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Crampton & Moore Holdings Limited, a company registered in England and Wales.

The ultimate controlling parties are RJ and MJ Moore.