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Registration number: 03394233

JW Crawshaw Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

JW Crawshaw Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

JW Crawshaw Limited

Company Information

Directors

JW Crawshaw

D Heathcote

W M Barker

RJ Howe

Company secretary

JW Crawshaw

Registered office

518 Manchester Road
Stocksbridge
Sheffield
South Yorkshire
S36 2DW

 

JW Crawshaw Limited

(Registration number: 03394233)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

279,110

270,780

Current assets

 

Stocks

5

69,500

76,500

Debtors

6

253,771

225,341

Cash at bank and in hand

 

41,245

13,207

 

364,516

315,048

Creditors: Amounts falling due within one year

7

(495,909)

(427,232)

Net current liabilities

 

(131,393)

(112,184)

Total assets less current liabilities

 

147,717

158,596

Creditors: Amounts falling due after more than one year

7

-

(2,633)

Provisions for liabilities

(70,171)

(67,327)

Net assets

 

77,546

88,636

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

76,546

87,636

Shareholders' funds

 

77,546

88,636

 

JW Crawshaw Limited

(Registration number: 03394233)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 April 2025 and signed on its behalf by:
 

.........................................
D Heathcote
Director

   
     
 

JW Crawshaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
518 Manchester Road
Stocksbridge
Sheffield
South Yorkshire
S36 2DW
United Kingdom

These financial statements were authorised for issue by the Board on 15 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

 

JW Crawshaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% on cost

Plant and machinery

10% on reducing balance

Fixtures and fittings

10% on reducing balance

Motor vehicles

25% on reducing balance

Office equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

JW Crawshaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

JW Crawshaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 44 (2024 - 43).

 

JW Crawshaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

245,045

457,653

8,980

72,884

784,562

Additions

3,708

11,184

416

40,495

55,803

Disposals

(2,717)

(5,325)

-

(27,510)

(35,552)

At 31 January 2025

246,036

463,512

9,396

85,869

804,813

Depreciation

At 1 February 2024

172,046

293,022

8,007

40,707

513,782

Charge for the year

7,670

17,581

626

12,615

38,492

Eliminated on disposal

(1,571)

(3,828)

-

(21,172)

(26,571)

At 31 January 2025

178,145

306,775

8,633

32,150

525,703

Carrying amount

At 31 January 2025

67,891

156,737

763

53,719

279,110

At 31 January 2024

72,999

164,631

973

32,177

270,780

 

JW Crawshaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Stocks

2025
£

2024
£

Other inventories

69,500

76,500

6

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

139,986

150,811

Amounts owed by related parties

9

85,000

40,000

Prepayments

 

8,811

11,421

Other debtors

 

19,974

23,109

   

253,771

225,341

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

2,633

12,140

Trade creditors

 

382,810

328,917

Taxation and social security

 

45,831

32,030

Accruals and deferred income

 

24,653

33,766

Other creditors

 

39,982

20,379

 

495,909

427,232

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

-

2,633

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Hire purchase contracts

-

2,633

 

JW Crawshaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Current loans and borrowings

2025
£

2024
£

Bank borrowings

-

18

Bank overdrafts

-

8,172

Hire purchase contracts

2,633

3,950

2,633

12,140

 

JW Crawshaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9

Related party transactions

During the year the company paid rent of £11,500 (2024 £11,500) for a property in Stocksbridge which is owned by J W Crawshaw, a director of the company, and his brother. The transaction was carried out on commercial terms.

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

28,830

62,504

Contributions paid to money purchase schemes

6,939

542

35,769

63,046