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REGISTERED NUMBER: 04813974 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CROWBOND GROCERIES LIMITED

CROWBOND GROCERIES LIMITED (REGISTERED NUMBER: 04813974)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CROWBOND GROCERIES LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: Mr M Suavi
Mr K Suavi





SECRETARY: Mrs R Suavi





REGISTERED OFFICE: Unit 1 & 2 Balch House
New Spitalfields Market
25 Sherrin Road
Leyton
London
E10 5SQ





REGISTERED NUMBER: 04813974 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

CROWBOND GROCERIES LIMITED (REGISTERED NUMBER: 04813974)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,022,187 638,431
Tangible assets 5 487,729 243,179
Investments 6 28,150 20,000
1,538,066 901,610

CURRENT ASSETS
Stocks 587,248 411,700
Debtors 2,074,956 1,393,492
Cash at bank and in hand 164,818 63,702
2,827,022 1,868,894
CREDITORS
Amounts falling due within one year 2,775,810 1,758,427
NET CURRENT ASSETS 51,212 110,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,589,278

1,012,077

CREDITORS
Amounts falling due after more than one
year

648,298

251,888
NET ASSETS 940,980 760,189

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 940,978 760,187
SHAREHOLDERS' FUNDS 940,980 760,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CROWBOND GROCERIES LIMITED (REGISTERED NUMBER: 04813974)

ABRIDGED BALANCE SHEET - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





Mr K Suavi - Director


CROWBOND GROCERIES LIMITED (REGISTERED NUMBER: 04813974)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Crowbond Groceries 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 currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a businesses, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

CROWBOND GROCERIES LIMITED (REGISTERED NUMBER: 04813974)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. 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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 786,035
Additions 519,825
At 30 June 2024 1,305,860
AMORTISATION
At 1 July 2023 147,604
Amortisation for year 136,069
At 30 June 2024 283,673
NET BOOK VALUE

At 30 June 2024 1,022,187
At 30 June 2023 638,431

CROWBOND GROCERIES LIMITED (REGISTERED NUMBER: 04813974)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 541,539
Additions 407,127
At 30 June 2024 948,666
DEPRECIATION
At 1 July 2023 298,360
Charge for year 162,577
At 30 June 2024 460,937
NET BOOK VALUE
At 30 June 2024 487,729
At 30 June 2023 243,179

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2023 213,176
Additions 340,876
At 30 June 2024 554,052
DEPRECIATION
At 1 July 2023 59,972
Charge for year 123,521
At 30 June 2024 183,493
NET BOOK VALUE
At 30 June 2024 370,559
At 30 June 2023 153,204

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023 20,000
Additions 8,150
At 30 June 2024 28,150
NET BOOK VALUE
At 30 June 2024 28,150
At 30 June 2023 20,000

CROWBOND GROCERIES LIMITED (REGISTERED NUMBER: 04813974)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 238,222 127,033
Hire purchase contracts 465,028 187,790
703,250 314,823

Hire purchase contracts are secured over the assets to which they relate.

The bank loan is secured by way of a fixed and floating charge over the properties held by the company.

Bank overdraft is secured against directors personal guarantee.

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £53,331 (2023: £249,139) to Mr M Suavi, the director.