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REGISTERED NUMBER: 05031476 (England and Wales)















Group Strategic Report, Report of the Director and

Consolidated Financial Statements for the Year Ended 30 April 2024

for

Crampton & Moore Holdings Limited

Crampton & Moore Holdings Limited (Registered number: 05031476)






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




Page

Company Information 1

Group Strategic Report 2

Report of the Director 4

Independent Auditors' Report 5

Consolidated Statement of Comprehensive Income 8

Consolidated Balance Sheet 9

Company Balance Sheet 10

Consolidated Statement of Changes in Equity 11

Company Statement of Changes in Equity 12

Consolidated Cash Flow Statement 13

Notes to the Consolidated Cash Flow Statement 14

Notes to the Consolidated Financial Statements 16


Crampton & Moore Holdings Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr R J Moore





SECRETARY: Mrs M J Moore





REGISTERED OFFICE: Horsleygate Hall
Horsleygate Lane
Holmesfield
Dronfield
Derbyshire
S18 7WD





REGISTERED NUMBER: 05031476 (England and Wales)





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

Crampton & Moore Holdings Limited (Registered number: 05031476)

Group Strategic Report
for the Year Ended 30 April 2024

The director presents his strategic report of the Company and the Group 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 £3,483k (10.9%) to £35,516k, and the gross profit percentage decreased to 24.8% (2023: increased to 27.7%) resulting in a £52k decrease in gross profit to £8,813k (2023: £8,866k). Administrative expenses increased by £824k (15.4%) which, taken with the decrease in gross profit, resulted in the group recording a profit before tax of £2,438k (2023: £3,310k).

The Group's shareholders funds increased by £1,495k to £8,260k (2023: £6,765k) reflecting retained profits. Net current assets increased by £649k to £4,595k (2023: £3,946k).

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 Group'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 Group 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 Group has no exposure to equity securities price risk as it holds no listed or other equity investments.

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

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

Interest rate cashflow risk
The Group 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.


Crampton & Moore Holdings Limited (Registered number: 05031476)

Group Strategic Report
for the Year Ended 30 April 2024

KEY PERFORMANCE INDICATORS
We consider that our key performance indicators are those that communicate the financial performance and strength of the group 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 27.68% 20.16%
Net profit margin 8.37% 4.12%

Liquidity ratios: Current ratio 1.59 : 1 1.37 : 1

Activity ratios: Debtor days 28.9 days 23.1 days
Creditors days 82.4 days 61.9 days
Stock turnover 3.03 times 3.56 times

ON BEHALF OF THE BOARD:





Mr R J Moore - Director


9 January 2025

Crampton & Moore Holdings Limited (Registered number: 05031476)

Report of the Director
for the Year Ended 30 April 2024

The director presents his report with the financial statements of the Company and the Group for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the Group in the year under review was that of electrical retailing.

DIVIDENDS
The total distribution of dividends for the year ended 30 April 2024 will be £361,850.

DIRECTOR
Mr R J Moore held office during the whole of the period from 1 May 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's and the Group's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and the Group 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the Group'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 & Moore Holdings Limited

Opinion
We have audited the financial statements of Crampton & Moore Holdings Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 30 April 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 Group's and of the Parent Company affairs as at 30 April 2024 and of the Group's 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 Group 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 director's 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 Group's and the Parent 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 director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Independent Auditors' Report to the Members of
Crampton & Moore Holdings Limited


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

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 by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or
- the Parent Company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is responsible for assessing the Group's and the Parent 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 director either intends to liquidate the Group or the Parent Company or to cease operations, or has 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 & Moore Holdings 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 & Moore Holdings Limited (Registered number: 05031476)

Consolidated
Statement of Comprehensive
Income
for the Year Ended 30 April 2024

2024 2023
Notes £    £   

TURNOVER 35,516,468 32,033,945

Cost of sales 26,703,073 23,168,355
GROSS PROFIT 8,813,395 8,865,590

Administrative expenses 6,161,590 5,337,678
2,651,805 3,527,912

Other operating income 4 3,050 19,488
OPERATING PROFIT 6 2,654,855 3,547,400


Interest payable and similar expenses 7 217,146 236,926
PROFIT BEFORE TAXATION 2,437,709 3,310,474

Tax on profit 8 580,882 630,768
PROFIT FOR THE FINANCIAL YEAR 1,856,827 2,679,706

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,856,827

2,679,706

Profit attributable to:
Owners of the parent 1,856,827 2,679,706

Total comprehensive income attributable to:
Owners of the parent 1,856,827 2,679,706

Crampton & Moore Holdings Limited (Registered number: 05031476)

Consolidated Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 7,721,341 7,139,317
Investments 12 - -
7,721,341 7,139,317

CURRENT ASSETS
Stocks 13 10,901,802 7,640,661
Debtors 14 3,492,035 2,683,520
Cash at bank and in hand 33,173 318,625
14,427,010 10,642,806
CREDITORS
Amounts falling due within one year 15 9,831,702 6,696,572
NET CURRENT ASSETS 4,595,308 3,946,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,316,649

11,085,551

CREDITORS
Amounts falling due after more than one
year

16

(3,927,846

)

(4,225,850

)

PROVISIONS FOR LIABILITIES 20 (128,553 ) (94,428 )
NET ASSETS 8,260,250 6,765,273

CAPITAL AND RESERVES
Called up share capital 21 100 100
Retained earnings 22 8,260,150 6,765,173
SHAREHOLDERS' FUNDS 8,260,250 6,765,273

The financial statements were approved by the director and authorised for issue on 9 January 2025 and were signed by:





Mr R J Moore - Director


Crampton & Moore Holdings Limited (Registered number: 05031476)

Company Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 - -
Investments 12 472,555 472,555
472,555 472,555

CURRENT ASSETS
Cash at bank 1,393 154
NET CURRENT ASSETS 1,393 154
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,948

472,709

CAPITAL AND RESERVES
Called up share capital 21 100 100
Retained earnings 22 473,848 472,609
SHAREHOLDERS' FUNDS 473,948 472,709

Company's profit for the financial year 363,089 285,152

The financial statements were approved by the director and authorised for issue on 9 January 2025 and were signed by:





Mr R J Moore - Director


Crampton & Moore Holdings Limited (Registered number: 05031476)

Consolidated 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 100 4,370,627 4,370,727

Changes in equity
Dividends - (285,160 ) (285,160 )
Total comprehensive income - 2,679,706 2,679,706
Balance at 30 April 2023 100 6,765,173 6,765,273

Changes in equity
Dividends - (361,850 ) (361,850 )
Total comprehensive income - 1,856,827 1,856,827
Balance at 30 April 2024 100 8,260,150 8,260,250

Crampton & Moore Holdings Limited (Registered number: 05031476)

Company 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 100 472,617 472,717

Changes in equity
Dividends - (285,160 ) (285,160 )
Total comprehensive income - 285,152 285,152
Balance at 30 April 2023 100 472,609 472,709

Changes in equity
Dividends - (361,850 ) (361,850 )
Total comprehensive income - 363,089 363,089
Balance at 30 April 2024 100 473,848 473,948

Crampton & Moore Holdings Limited (Registered number: 05031476)

Consolidated Cash Flow Statement
for the Year Ended 30 April 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 793,863 2,057,225
Interest paid (210,434 ) (233,210 )
Interest element of hire purchase
payments paid

(6,712

)

(3,716

)
Tax paid (615,000 ) (291,252 )
Net cash from operating activities (38,283 ) 1,529,047

Cash flows from investing activities
Purchase of tangible fixed assets (746,026 ) (1,332,887 )
Sale of tangible fixed assets 56,236 603,881
Net cash from investing activities (689,790 ) (729,006 )

Cash flows from financing activities
New loans in year - 2,597,750
Loan repayments in year (814,390 ) (2,270,095 )
New hire purchase agreements 136,268 -
Capital repayments in year (3,072 ) (106,550 )
Amount introduced by directors 8,530 4,569
Amount withdrawn by directors (5,587 ) (6,844 )
Equity dividends paid (361,850 ) (285,160 )
Net cash from financing activities (1,040,101 ) (66,330 )

(Decrease)/increase in cash and cash equivalents (1,768,174 ) 733,711
Cash and cash equivalents at
beginning of year

2

318,625

(415,086

)

Cash and cash equivalents at end of
year

2

(1,449,549

)

318,625

Crampton & Moore Holdings Limited (Registered number: 05031476)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 30 April 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 2,437,709 3,310,474
Depreciation charges 126,395 95,599
Profit on disposal of fixed assets (18,630 ) (166,985 )
Finance costs 217,146 236,926
2,762,620 3,476,014
Increase in stocks (3,261,141 ) (2,423,387 )
Increase in trade and other debtors (811,458 ) (1,037,808 )
Increase in trade and other creditors 2,103,842 2,042,406
Cash generated from operations 793,863 2,057,225

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30/4/24 1/5/23
£    £   
Cash and cash equivalents 33,173 318,625
Bank overdrafts (1,482,722 ) -
(1,449,549 ) 318,625
Year ended 30 April 2023
30/4/23 1/5/22
£    £   
Cash and cash equivalents 318,625 28,623
Bank overdrafts - (443,709 )
318,625 (415,086 )


Crampton & Moore Holdings Limited (Registered number: 05031476)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 30 April 2024

3. ANALYSIS OF CHANGES IN NET DEBT

At 1/5/23 Cash flow At 30/4/24
£    £    £   
Net cash
Cash at bank and in hand 318,625 (285,452 ) 33,173
Bank overdrafts - (1,482,722 ) (1,482,722 )
318,625 (1,768,174 ) (1,449,549 )
Debt
Finance leases - (133,197 ) (133,197 )
Debts falling due within 1 year (816,276 ) 390,945 (425,331 )
Debts falling due after 1 year (4,225,850 ) 423,447 (3,802,403 )
(5,042,126 ) 681,195 (4,360,931 )
Total (4,723,501 ) (1,086,979 ) (5,810,480 )

Crampton & Moore Holdings Limited (Registered number: 05031476)

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

1. STATUTORY INFORMATION

Crampton & Moore Holdings 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 General 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 consolidated 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 Group 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.

Basis of consolidation
The financial statements incorporate the financial statements of the company and all group undertakings made up to 30 April 2024.

A subsidiary is an entity controlled by the company. Control exists when the company has power, directly or indirectly to govern the operating policies of the entity so as to derive benefits from its activities.

The consolidation of the subsidiary companies has been accounted for using the acquisition method of accounting as permitted by FRS 102. Any subsidiary undertakings sold or acquired during the year are included up to, or from, the dates of change of control. The financial statements of all subsidiary companies are prepared to the same accounting date as the parent company. Uniform accounting policies are followed throughout the group.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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; stock provisions; and dilapidation 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 and services falling within the company's ordinary activities. Turnover is recognised at the point of despatch or payment, whichever is earlier.

Crampton & Moore Holdings Limited (Registered number: 05031476)

Notes to the Consolidated 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 theresidual value of the
freehold buildings at the end of their useful life is not significantly less than
original cost and where applicable straight line over 50 years.
Fixtures and fittings-25% on reducing balance, 20% on cost straight line and 10% onreducing
balance

All fixed assets are initially recorded at cost.

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 Consolidated Statement of Comprehensive Income, 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.

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.

Crampton & Moore Holdings Limited (Registered number: 05031476)

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

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group'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

The average number of employees by undertakings that were proportionately consolidated during the year was 49 (2023 - 46 ) .

2024 2023
£    £   
Director's remuneration 36,400 39,476
Director's 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

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 94,042 95,599
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

Crampton & Moore Holdings Limited (Registered number: 05031476)

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

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 546,757 590,756

Deferred tax 34,125 40,012
Tax on profit 580,882 630,768

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 2,437,709 3,310,474
Profit multiplied by the standard rate of corporation tax in the UK of
24.997 % (2023 - 19.493 %)

609,354

645,311

Effects of:
Expenses not deductible for tax purposes 34,398 40,527
Income not taxable for tax purposes (4,657 ) (32,648 )
Capital allowances in excess of depreciation (77,456 ) (22,422 )
Adjustments to tax charge in respect of previous periods 19,243 -

Total tax charge 580,882 630,768

9. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


10. DIVIDENDS

2024 2023
£ £

Interim dividends 361,850 285,160

Crampton & Moore Holdings Limited (Registered number: 05031476)

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

11. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 May 2023 6,846,919 931,240 7,778,159
Additions 453,630 292,396 746,026
Disposals - (90,666 ) (90,666 )
Reclassification/transfer (36,957 ) 36,957 -
At 30 April 2024 7,263,592 1,169,927 8,433,519
DEPRECIATION
At 1 May 2023 77,186 561,656 638,842
Charge for year 5,115 121,281 126,396
Eliminated on disposal - (53,060 ) (53,060 )
At 30 April 2024 82,301 629,877 712,178
NET BOOK VALUE
At 30 April 2024 7,181,291 540,050 7,721,341
At 30 April 2023 6,769,733 369,584 7,139,317

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and
fittings
£   
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 & Moore Holdings Limited (Registered number: 05031476)

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

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 472,555
NET BOOK VALUE
At 30 April 2024 472,555
At 30 April 2023 472,555

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

Subsidiaries

Crampton and Moore (Television) Limited
Registered office: Poplar Way, Catcliffe, Rotherham, England, S60 5TR
Nature of business: Electronics retailer
%
Class of shares: holding
Ordinary 100.00

Horsleygate Hall Limited
Registered office: Horsleygate Lane,Holmesfield, Dronfield, Derbyshire, S18 7WD
Nature of business: Holiday lettings
%
Class of shares: holding
Ordinary 100.00

Crampton & Moore Holdings Limited has granted a parent company guarantee to Horsleygate Hall Limited (registered number 08669669), the subsidiary wholly owned by Crampton and Moore (Television) Limited and therefore they are exempt from the requirements of the Companies Act with regard to the audit requirements of their individual financial statements.


13. STOCKS

Group
2024 2023
£    £   
Stocks 10,901,802 7,640,661

Crampton & Moore Holdings Limited (Registered number: 05031476)

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

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
2024 2023
£    £   
Trade debtors 3,001,626 2,535,863
Other debtors - 508
Directors' current accounts 3,028 5,971
VAT 172,769 -
Prepayments and accrued income 314,612 141,178
3,492,035 2,683,520

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
2024 2023
£    £   
Bank loans and overdrafts (see note 17) 1,908,053 816,276
Hire purchase contracts (see note 18) 7,754 -
Trade creditors 7,441,703 5,230,877
Corporation tax 357,514 425,757
Social security and other taxes 35,382 54,477
VAT - 111,244
Other creditors 8,265 9,963
Accruals and deferred income 73,031 47,978
9,831,702 6,696,572

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2024 2023
£    £   
Bank loans (see note 17) 3,802,403 4,225,850
Hire purchase contracts (see note 18) 125,443 -
3,927,846 4,225,850

Crampton & Moore Holdings Limited (Registered number: 05031476)

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

17. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,482,722 -
Bank loans 425,331 816,276
1,908,053 816,276
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

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

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

Group
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

Crampton & Moore Holdings Limited (Registered number: 05031476)

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

19. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank overdraft 1,482,722 -
Bank loans 4,227,734 5,042,126
Hire purchase contracts 133,197 -
5,843,653 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%.

20. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 108,553 74,428

Other provisions 20,000 20,000

Aggregate amounts 128,553 94,428

Group
Deferred Other
tax provisions
£    £   
Balance at 1 May 2023 74,428 20,000
Charge to Statement of Comprehensive Income during year 34,125 -
Balance at 30 April 2024 108,553 20,000

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 A Ordinary £1 75 75
15 B Ordinary £1 15 15
10 C Ordinary £1 10 10
100 100

Crampton & Moore Holdings Limited (Registered number: 05031476)

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

22. RESERVES

Group
Retained
earnings
£   

At 1 May 2023 6,765,173
Profit for the year 1,856,827
Dividends (361,850 )
At 30 April 2024 8,260,150

Company
Retained
earnings
£   

At 1 May 2023 472,609
Profit for the year 363,089
Dividends (361,850 )
At 30 April 2024 473,848


23. DIRECTOR'S 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 5,971 3,696
Amounts advanced 10,761 7,133
Amounts repaid (13,704 ) (4,858 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,028 5,971

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

24. RELATED PARTY DISCLOSURES

There is an unlimited multilateral guarantee between Crampton & Moore Holdings Limited, Crampton and Moore (Television) Limited and Horsleygate Hall Limited.

25. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are RJ and MJ Moore.