2023-10-01 04608635 2024-09-30 04608635 2023-10-01 2024-09-30 04608635 2023-09-30 04608635 2022-10-01 2023-09-30 04608635 uk-core:WithinOneYear 2023-09-30 04608635 uk-core:WithinOneYear 2024-09-30 04608635 uk-core:AfterOneYear 2023-09-30 04608635 uk-core:AfterOneYear 2024-09-30 04608635 uk-core:ShareCapital 2024-09-30 04608635 uk-core:ShareCapital 2023-09-30 04608635 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 04608635 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 04608635 uk-bus:Director1 2023-10-01 2024-09-30 04608635 uk-core:NetGoodwill 2023-10-01 2024-09-30 04608635 uk-core:Buildings 2023-10-01 2024-09-30 04608635 uk-core:PlantMachinery 2023-10-01 2024-09-30 04608635 uk-core:ToolsEquipment 2023-10-01 2024-09-30 04608635 uk-core:MotorVehicles 2023-10-01 2024-09-30 04608635 uk-core:FurnitureFittings 2023-10-01 2024-09-30 04608635 uk-core:Goodwill 2023-09-30 04608635 uk-core:ComputerSoftware 2023-09-30 04608635 uk-core:Goodwill 2024-09-30 04608635 uk-core:ComputerSoftware 2024-09-30 04608635 uk-core:Goodwill 2023-10-01 2024-09-30 04608635 uk-core:ComputerSoftware 2023-10-01 2024-09-30 04608635 uk-core:ToolsEquipment 2023-09-30 04608635 uk-core:FurnitureFittings 2023-09-30 04608635 uk-core:MotorVehicles 2023-09-30 04608635 uk-core:PlantMachinery 2023-09-30 04608635 uk-core:Buildings 2023-09-30 04608635 uk-core:Buildings 2024-09-30 04608635 uk-core:MotorVehicles 2024-09-30 04608635 uk-core:FurnitureFittings 2024-09-30 04608635 uk-core:ToolsEquipment 2024-09-30 04608635 uk-core:PlantMachinery 2024-09-30 04608635 uk-core:WithinOneYear 2024-09-30 04608635 uk-core:WithinOneYear 2023-09-30 04608635 uk-core:AfterOneYear uk-core:Secured 2024-09-30 04608635 uk-core:AfterOneYear uk-core:Secured 2023-09-30 04608635 uk-core:AfterOneYear 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure 04608635 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04608635 uk-bus:FRS102 2023-10-01 2024-09-30 04608635 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 04608635 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Craig West Turf Limited
Registered Number:04608635
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
Craig West Turf Limited
Contents Page
1
Statement of Financial Position
2 to 7
Notes to the Financial Statements
3
Registered Number :
04608635
As at 30 September 2024
Craig West Turf Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
-
802
2
Property, plant and equipment
265,363
280,626
3
265,363
281,428
Current assets
Inventories
54,432
63,543
4
Trade and other receivables
688,148
704,335
5
106,021
Cash and cash equivalents
141,379
909,257
848,601
Trade and other payables: amounts falling due within one
year
(808,560)
(893,385)
6
40,041
15,872
Net current assets
Total assets less current liabilities
281,235
321,469
Trade and other payables: amounts falling due after more
than one year
(180,012)
(95,714)
7
(61,000)
(65,200)
Provisions for liabilities
124,521
Net assets
76,257
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
123,521
75,257
124,521
76,257
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
04608635
For the year ended 30 September 2024
Craig West Turf Limited
Statement of Financial Position Continued
Mr Craig West Director
These financial statements were approved and authorised for issue by the Board on 23 June 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 September 2024
Craig West Turf Limited
Notes to the Financial Statements
Statutory Information
Craig West Turf Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04608635.
Registered address:
Craig West Turf Limited
Gloucester Road,
Avonmouth,
Bristol
BS11 9AQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover comprises both the invoiced value of goods and services supplied by the company (net of Value Added Tax & trade discounts) and the movement in the value of uninvoiced amounts due under contract.
Goodwill
Goodwill is recorded at cost less amortisation and any provision for impairment, over its estimated remaining useful life. The estimated useful life of goodwill ranges from 10 to 20 years.
Intangible assets
Intangible fixed assets are recorded at cost and amortised over the estimated useful life on a straight line basis over the following periods: Computer software 2 Years Web-site creation costs 2 Years
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives. Details of all of the rates of depreciation and basis applied are as follows:.
Land and buildings
10% to 20% Straight line
Plant and machinery
15% to 50% Straight line
20% to 50% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
20% Straight line
Fixtures and fittings
.
A higher depreciation rate of 50% is applied in respect of the capitalised cost of small tools and mobile telephones.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. The provision is made based on the expected timing of reversals at anticipated future rates that have been substantially enacted at the statement of financial position date.
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6
For the year ended 30 September 2024
Craig West Turf Limited
Notes to the Financial Statements Continued
Hire purchase and leasing commitments
Where the company enters into a lease that entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Where an asset is obtained under such a lease, or under a hire purchase agreement, the asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life. Future instalments under such leases or contracts, net of finance charges, are included within creditors. Amounts payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element, which reduces the outstanding obligation for future capital repayments. Leases, not accounted for as finance leases (including the lease of land & buildings), are classed as operating leases and the rental charges 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 contributes to a defined contribution pension scheme (under Payroll Auto Enrolment arrangements) for the benefit of most of its directors and employees. Contributions payable are charged to the profit and loss account in relation to the payroll period in which they arise.
2. Intangible fixed assets
Other
Intangible
Assets
Total
Goodwill
Cost or valuation
£
£
£
120,000
At 01 October 2023
125,350
5,350
125,350
120,000
At 30 September 2024
5,350
Amortisation
124,548
120,000
At 01 October 2023
4,548
802
-
802
Charge for year
125,350
At 30 September 2024
120,000
5,350
-
Net book value
-
At 30 September 2024
-
At 30 September 2023
-
802
802
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7
For the year ended 30 September 2024
Craig West Turf Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or
valuation
At 01 October
2023
490,578
15,649
4,308
320,678
82,419
67,524
67,012
1,807
826
21,850
42,529
-
Additions
(3,040)
-
(15,925)
(3,150)
-
Disposals
(22,115)
At 30 September
2024
67,524
326,603
5,134
14,416
535,475
121,798
Provision for depreciation and impairment
At 01 October
2023
209,952
8,542
3,533
121,581
40,323
35,973
Charge for year
73,442
2,372
463
50,200
13,644
6,763
(13,282)
(2,921)
-
(7,211)
(3,150)
-
On disposal
At 30 September
2024
270,112
7,993
3,996
164,570
50,817
42,736
At 30 September
2024
Net book value
24,788
70,981
162,033
1,138
6,423
265,363
31,551
42,096
199,097
775
7,107
280,626
At 30 September
2023
4. Inventories
2023
2024
£
£
Stocks
63,543
54,432
5. Trade and other receivables
2023
2024
£
£
Trade debtors
622,982
597,843
Prepayments and accrued income
77,355
81,925
Other debtors
3,998
8,380
688,148
704,335
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For the year ended 30 September 2024
Craig West Turf Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
43,955
43,955
Trade creditors
652,429
543,150
Taxation and social security
63,173
59,137
Accruals and deferred income
46,920
43,995
Directors' loan accounts
26,512
49,915
Obligations under HP/Financial leases
48,008
55,308
Other creditors
12,388
13,100
893,385
808,560
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
45,713
134,299
95,714
Obligations under HP/Financial leases
95,714
180,012
All of the above amounts at 30 September 2024 and 30 September 2023, fell due for payment within two to five years.
8. Related party transactions
There were no related party transactions other than movements on the directors' current accounts. There were
movements on three directors' current accounts, including one joint directors' account, during the year. The current
account of Mr S West became overdrawn for short periods of time, by a maximum of £9,961, during the prior year
ended 30 September 2023. The total of the short term advances to Mr S West during the year ended 30 September
2023 amounted to £22,090. The loan account was returned to credit before 30 September 2023.
The total directors' loan account balances outstanding, and due to the company, at 30 September 2024 was £Nil
(2023 £Nil). The total amount owed by the company to a number of the directors (and members of their families who
are Participators) at the end of the year amounted to £35,523 (2023 £61,059).
With effect from May 2018, one director has (jointly with other non-connected parties) provided a personal guarantee
in respect of a joint (with another unconnected party) ten year lease. This is in relation to the premises from which
the Company trades with the other 50% joint non-connected tenant. The total annual rent payable under the joint
lease is £70,000 (plus VAT) per annum.
Two directors have each provided joint personal guarantees in respect of all assets that have been purchased under
Hire Purchase or Finance Lease agreements. The outstanding balances on the HP and Finance Lease agreements
at 30 September 2024 amounted to £143,722 (2023 £189,607). The total future commitments under these
arrangements at 30 September 2024 amounted to £162,282 (2023 £217,908). The two directors have also provided
a joint personal guarantee of £30,000 to one of the Company's major suppliers.
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For the year ended 30 September 2024
Craig West Turf Limited
Notes to the Financial Statements Continued
9. Guarantees and other financial commitments
Lease commitments
At 30 September 2024 and 30 September 2023, the Company had obligations under an operating lease for land and
buildings, which expires in May 2028. At the end of the year the total obligation amounted to £210,000 (2023
£280,000); of which £70,000 (2023 £70,000) falls due within one year, and £140,000 (2023 £210,000) falls due
within two to five years.
The 2024 and 2023 lease commitments relate to the Company's maximum potential obligations under a lease from
May 2018 when the Company became an equal 50% party to a joint lease. Under the terms of this lease the
Company became jointly liable for the whole of the rent payable of £700,000 over the original ten year term.
At 30 September 2024 (and at 30 September 2023) the Company had further obligations under an operating lease
for plant and equipment, which expires in June 2027 (2021: December 2023). At the end of the year the total
obligation amounted to £5,709 (2023 £7,785); of which £2,076 (2023 £2,076) falls due within one year, and £3,633
(2023 £5,709) falls due within two to five years.
The value of these commitments are stated exclusive of VAT.
10. Average number of persons employed
During the year the average number of employees was 19 (2023 : 19)
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