Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falsetrue33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00581483 2023-05-01 2024-04-30 00581483 2022-05-01 2023-04-30 00581483 2024-04-30 00581483 2023-04-30 00581483 c:CompanySecretary1 2023-05-01 2024-04-30 00581483 c:Director4 2023-05-01 2024-04-30 00581483 c:RegisteredOffice 2023-05-01 2024-04-30 00581483 d:Buildings 2023-05-01 2024-04-30 00581483 d:Buildings 2024-04-30 00581483 d:Buildings 2023-04-30 00581483 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00581483 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 00581483 d:LandBuildings 2024-04-30 00581483 d:LandBuildings 2023-04-30 00581483 d:PlantMachinery 2023-05-01 2024-04-30 00581483 d:PlantMachinery 2024-04-30 00581483 d:PlantMachinery 2023-04-30 00581483 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00581483 d:MotorVehicles 2023-05-01 2024-04-30 00581483 d:MotorVehicles 2024-04-30 00581483 d:MotorVehicles 2023-04-30 00581483 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00581483 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00581483 d:PatentsTrademarksLicencesConcessionsSimilar 2023-05-01 2024-04-30 00581483 d:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 00581483 d:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 00581483 d:CurrentFinancialInstruments 2024-04-30 00581483 d:CurrentFinancialInstruments 2023-04-30 00581483 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00581483 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 00581483 d:ShareCapital 2024-04-30 00581483 d:ShareCapital 2023-04-30 00581483 d:SharePremium 2024-04-30 00581483 d:SharePremium 2023-04-30 00581483 d:CapitalRedemptionReserve 2024-04-30 00581483 d:CapitalRedemptionReserve 2023-04-30 00581483 d:RetainedEarningsAccumulatedLosses 2024-04-30 00581483 d:RetainedEarningsAccumulatedLosses 2023-04-30 00581483 c:FRS102 2023-05-01 2024-04-30 00581483 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 00581483 c:FullAccounts 2023-05-01 2024-04-30 00581483 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00581483 2 2023-05-01 2024-04-30 00581483 6 2023-05-01 2024-04-30 00581483 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 00581483










G.W. CRANE LIMITED





UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
G.W. CRANE LIMITED
 
 
COMPANY INFORMATION


Director
Mrs M Bean 




Company secretary
Mrs M Bean



Registered number
00581483



Registered office
Keepers Cottage
Oxnead

Norwich

Norfolk

NR10 5HP




Accountants
Larking Gowen LLP
Chartered Accountants

80 Grove Lane

Holt

Norfolk

NR25 6ED





 
G.W. CRANE LIMITED
REGISTERED NUMBER:00581483

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
1

Tangible assets
 5 
1,810,063
1,814,765

Investments
 6 
51
51

  
1,810,114
1,814,817

Current assets
  

Stocks
  
105,096
122,422

Debtors
 7 
17,269
20,174

Cash at bank and in hand
  
252,756
226,780

  
375,121
369,376

Creditors: amounts falling due within one year
 8 
(56,000)
(81,350)

Net current assets
  
 
 
319,121
 
 
288,026

Total assets less current liabilities
  
2,129,235
2,102,843

Provisions for liabilities
  

Deferred tax
  
(24,958)
(25,568)

  
 
 
(24,958)
 
 
(25,568)

Net assets
  
2,104,277
2,077,275


Capital and reserves
  

Called up share capital 
  
8,000
8,000

Share premium account
  
1,250
1,250

Capital redemption reserve
  
4,500
4,500

Profit and loss account
  
2,090,527
2,063,525

  
2,104,277
2,077,275


Page 1

 
G.W. CRANE LIMITED
REGISTERED NUMBER:00581483
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mrs M Bean
Director

Date: 14 January 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
G.W. CRANE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

G W Crane Limited is a private company limited by shares and incorporated in England and Wales, registration number 00581483. The registered office is Keepers Cottage, Oxnead, Norwich, Norfolk, NR10 5HP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
G.W. CRANE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income statement in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
G.W. CRANE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and buildings leasehold
-
10% reducing balance
Plant & machinery
-
20% reducing balance
Motor vehicles
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
G.W. CRANE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
G.W. CRANE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Sugarbeet quota

£





At 1 May 2023
7,500


Disposals
(7,500)



At 30 April 2024

-





At 1 May 2023
7,499


On disposals
(7,499)



At 30 April 2024

-



Net book value



At 30 April 2024
-



At 30 April 2023
1



Page 7

 
G.W. CRANE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 May 2023
1,900,844
411,214
23,354
2,335,412


Additions
-
10,733
21,495
32,228


Disposals
(10,000)
-
-
(10,000)



At 30 April 2024

1,890,844
421,947
44,849
2,357,640



Depreciation


At 1 May 2023
148,636
350,545
21,466
520,647


Charge for the year on owned assets
7,973
14,279
4,678
26,930



At 30 April 2024

156,609
364,824
26,144
547,577



Net book value



At 30 April 2024
1,734,235
57,123
18,705
1,810,063



At 30 April 2023
1,752,208
60,669
1,888
1,814,765




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
1,734,235
1,752,208

1,734,235
1,752,208


Page 8

 
G.W. CRANE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 May 2023
51



At 30 April 2024
51





7.


Debtors

2024
2023
£
£



Trade debtors
6,691
7,280

Other debtors
6,924
1,505

Prepayments and accrued income
3,654
11,389

17,269
20,174



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
17,228
28,033

Corporation tax
5,473
12,597

Other taxation and social security
3,237
1,528

Other creditors
14,185
14,000

Accruals and deferred income
15,877
25,192

56,000
81,350



9.


Related party transactions

Included in other creditors is £14,185 (2023 - £14,000) of loans from the director.


Page 9