Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08150231 Mr Tony Metcalfe Mr Paul Metcalfe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08150231 2023-05-31 08150231 2024-05-31 08150231 2023-06-01 2024-05-31 08150231 frs-core:CurrentFinancialInstruments 2024-05-31 08150231 frs-core:Non-currentFinancialInstruments 2024-05-31 08150231 frs-core:BetweenOneFiveYears 2024-05-31 08150231 frs-core:ComputerEquipment 2024-05-31 08150231 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08150231 frs-core:ComputerEquipment 2023-05-31 08150231 frs-core:NetGoodwill 2024-05-31 08150231 frs-core:NetGoodwill 2023-06-01 2024-05-31 08150231 frs-core:NetGoodwill 2023-05-31 08150231 frs-core:MotorVehicles 2024-05-31 08150231 frs-core:MotorVehicles 2023-06-01 2024-05-31 08150231 frs-core:MotorVehicles 2023-05-31 08150231 frs-core:PlantMachinery 2024-05-31 08150231 frs-core:PlantMachinery 2023-06-01 2024-05-31 08150231 frs-core:PlantMachinery 2023-05-31 08150231 frs-core:WithinOneYear 2024-05-31 08150231 frs-core:ShareCapital 2024-05-31 08150231 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08150231 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08150231 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08150231 frs-bus:SmallEntities 2023-06-01 2024-05-31 08150231 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08150231 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08150231 frs-bus:Director1 2023-06-01 2024-05-31 08150231 frs-bus:Director1 2023-05-31 08150231 frs-bus:Director1 2024-05-31 08150231 frs-bus:Director2 2023-06-01 2024-05-31 08150231 frs-bus:Director2 2023-05-31 08150231 frs-bus:Director2 2024-05-31 08150231 frs-countries:EnglandWales 2023-06-01 2024-05-31 08150231 2022-05-31 08150231 2023-05-31 08150231 2022-06-01 2023-05-31 08150231 frs-core:CurrentFinancialInstruments 2023-05-31 08150231 frs-core:Non-currentFinancialInstruments 2023-05-31 08150231 frs-core:BetweenOneFiveYears 2023-05-31 08150231 frs-core:WithinOneYear 2023-05-31 08150231 frs-core:ShareCapital 2023-05-31 08150231 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08150231
Craven Concrete Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08150231
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,542 6,042
Tangible Assets 5 430,831 383,491
434,373 389,533
CURRENT ASSETS
Stocks 6 407,685 442,586
Debtors 7 1,194,569 2,420,426
Cash at bank and in hand 17,494 6,844
1,619,748 2,869,856
Creditors: Amounts Falling Due Within One Year 8 (1,621,610 ) (2,519,316 )
NET CURRENT ASSETS (LIABILITIES) (1,862 ) 350,540
TOTAL ASSETS LESS CURRENT LIABILITIES 432,511 740,073
Creditors: Amounts Falling Due After More Than One Year 9 (172,750 ) (173,808 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (94,613 ) (95,873 )
NET ASSETS 165,148 470,392
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 165,048 470,292
SHAREHOLDERS' FUNDS 165,148 470,392
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Metcalfe
Director
25/02/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Craven Concrete Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08150231 . The registered office is Butts Work, Bentham, Lancaster, England, LA2 7AN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% and 25% WDV
Motor Vehicles 25% WDV
Computer Equipment 25% WDV
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 31)
21 31
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 25,000
As at 31 May 2024 25,000
Amortisation
As at 1 June 2023 18,958
Provided during the period 2,500
As at 31 May 2024 21,458
Net Book Value
As at 31 May 2024 3,542
As at 1 June 2023 6,042
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 443,289 172,383 45,418 661,090
Additions 102,945 33,500 3,503 139,948
Disposals (1,000 ) - - (1,000 )
As at 31 May 2024 545,234 205,883 48,921 800,038
...CONTINUED
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Depreciation
As at 1 June 2023 159,702 83,291 34,606 277,599
Provided during the period 62,877 25,763 2,968 91,608
As at 31 May 2024 222,579 109,054 37,574 369,207
Net Book Value
As at 31 May 2024 322,655 96,829 11,347 430,831
As at 1 June 2023 283,587 89,092 10,812 383,491
6. Stocks
2024 2023
£ £
Stock 407,685 442,586
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 721,869 1,227,258
Prepayments and accrued income 49,869 34,475
Directors' loan accounts 33,621 36,475
Amounts owed by group undertakings (368,939 ) -
436,420 1,298,208
Due after more than one year
Amounts owed by related parties 758,149 1,122,218
1,194,569 2,420,426
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 80,227 55,977
Trade creditors 993,317 1,284,129
Other loans 275,827 580,958
Other creditors 28,900 21,987
Taxation and social security 243,339 576,265
1,621,610 2,519,316
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 127,181 77,112
Other loans 45,569 96,696
172,750 173,808
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 80,227 55,977
Later than one year and not later than five years 127,181 77,112
207,408 133,089
207,408 133,089
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,787 (PY £2,569) were due to the fund. They are included in Other Creditors.
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Tony METCALFE 1,585 9,296 (9,200 ) - 1,681
Mr Paul Metcalfe 34,890 64,850 (67,800 ) - 31,940
The above loan is unsecured, interest free and repayable on demand.
14. Related Party Transactions
T & P Metcalfe & Son Ltd
A company owned and controlled by the directors.
Amount due from the related party at the balance sheet date was £Nil (2023: £637,884).
T&P Metcalfe & Son Ltd went into adminsistration and was dissolved in October 2024 therefore all debts owed form the company have been written off.
Forgewood Plant Ltd
A company owned and controlled by the directors.
Amount due to related party at the balance sheet date was £134,110 (2023 £1,552).
TPM Construction Ltd
A company owned and controlled by one of the directors.
Amount due from the related party at the balance sheet date £217,274 (2023 £Nil).
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