IRIS Accounts Production v25.1.4.42 NI013709 Board of Directors Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 Medium entities The principal activity of the company in the year under review was that of sawmilling and planing of wood. true true false true true false false false true true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0137092023-12-31NI0137092024-12-31NI0137092024-01-012024-12-31NI0137092022-12-31NI0137092023-01-012023-12-31NI0137092023-12-31NI013709ns15:NorthernIreland2024-01-012024-12-31NI013709ns14:PoundSterling2024-01-012024-12-31NI013709ns10:Director12024-01-012024-12-31NI013709ns10:Director22024-01-012024-12-31NI013709ns10:Director32024-01-012024-12-31NI013709ns10:CompanySecretary12024-01-012024-12-31NI013709ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31NI013709ns10:MediumEntities2024-01-012024-12-31NI013709ns10:Audited2024-01-012024-12-31NI013709ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-31NI013709ns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-31NI013709ns10:FullAccounts2024-01-012024-12-31NI01370912024-01-012024-12-31NI013709ns10:OrdinaryShareClass12024-01-012024-12-31NI013709ns10:RegisteredOffice2024-01-012024-12-31NI013709ns5:Exceptional2024-01-012024-12-31NI013709ns5:Exceptional2023-01-012023-12-31NI013709ns5:CurrentFinancialInstruments2024-12-31NI013709ns5:CurrentFinancialInstruments2023-12-31NI013709ns5:Non-currentFinancialInstruments2024-12-31NI013709ns5:Non-currentFinancialInstruments2023-12-31NI013709ns5:ShareCapital2024-12-31NI013709ns5:ShareCapital2023-12-31NI013709ns5:RetainedEarningsAccumulatedLosses2024-12-31NI013709ns5:RetainedEarningsAccumulatedLosses2023-12-31NI013709ns5:ShareCapital2022-12-31NI013709ns5:RetainedEarningsAccumulatedLosses2022-12-31NI013709ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31NI013709ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31NI013709ns5:NetGoodwill2024-01-012024-12-31NI013709ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31NI013709ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-012024-12-31NI013709ns5:PlantMachinery2024-01-012024-12-31NI013709ns5:FurnitureFittings2024-01-012024-12-31NI013709ns5:MotorVehicles2024-01-012024-12-31NI013709ns5:OwnedAssets2024-01-012024-12-31NI013709ns5:OwnedAssets2023-01-012023-12-31NI013709112024-01-012024-12-31NI013709112023-01-012023-12-31NI013709122024-01-012024-12-31NI013709122023-01-012023-12-31NI013709ns10:OrdinaryShareClass12023-01-012023-12-31NI013709ns5:NetGoodwill2023-12-31NI013709ns5:NetGoodwill2024-12-31NI013709ns5:NetGoodwill2023-12-31NI013709ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-31NI013709ns5:PlantMachinery2023-12-31NI013709ns5:FurnitureFittings2023-12-31NI013709ns5:MotorVehicles2023-12-31NI013709ns5:LongLeaseholdAssetsns5:LandBuildings2024-12-31NI013709ns5:PlantMachinery2024-12-31NI013709ns5:FurnitureFittings2024-12-31NI013709ns5:MotorVehicles2024-12-31NI013709ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-31NI013709ns5:PlantMachinery2023-12-31NI013709ns5:FurnitureFittings2023-12-31NI013709ns5:MotorVehicles2023-12-31NI013709ns5:CostValuation2023-12-31NI013709ns5:Subsidiary12024-01-012024-12-31NI0137091ns5:Subsidiary12024-01-012024-12-31NI013709ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31NI013709ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31NI013709ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-31NI013709ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-31NI013709ns5:DeferredTaxation2023-12-31NI013709ns5:DeferredTaxation2024-01-012024-12-31NI013709ns5:DeferredTaxation2024-12-31NI013709ns10:OrdinaryShareClass12024-12-31NI013709ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: NI013709 (Northern Ireland)















R.T.D. CRAWFORD LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 14

Notes to the Financial Statements 15


R.T.D. CRAWFORD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr R T D Crawford
Mr G R Crawford
Mr M T Crawford



SECRETARY: Mrs M A Blakely



REGISTERED OFFICE: 9 Drummeer Road
Faughard
LISBELLAW
Co. Fermanagh
BT94 5ES



REGISTERED NUMBER: NI013709 (Northern Ireland)



AUDITORS: McAleer Jackson Ltd
Chartered Accountants & Statutory Auditors
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Danske Bank
Donegall Square West
BELFAST
BT1 6JS

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

PRINCIPAL ACTIVITY
The principal activity of the company during the year was importation, processing and manufacturing of timber products.

REVIEW OF BUSINESS
The financial results for the period are set out in the following pages and are considered by the directors to be satisfactory considering the volatility in raw material prices that prevailed during the year.

The directors continue to review its facilities and operations to ensure adequate and appropriate facilities are available to meet future demand and evolving market conditions.

The company remains committed to continued growth in the business through delivering quality products and services to its customers.

PRINCIPAL RISKS AND UNCERTAINTIES
The management and the execution of the company's strategy is subject to a number of risks. The key business risks and uncertainties affecting the company are considered to relate to competition from both national and international manufacturers, the impact of the wider economy on product demand and the ongoing sustainable supply of quality raw materials.

Supply chain and pricing challenges continue to have a significant impact on operations. The overall performance for the year demonstrated both the agility of our management team in responding at speed to emerging events, and to the strength of the company's relationships with suppliers and customers.

Environment
The company recognises it responsibility to carry out its operations whilst minimising environmental impacts. The directors' continued aim is to comply with all applicable environmental legislation, prevent pollution and reduce waste wherever possible.

Health and Safety
The company is committed to achieving the highest practicable standards in health and safety management and strives to make its sites and offices safe environments for employees and customer alike.

Human resources
The company's staff are a key resource in the business. Their knowledge and experience enable the company to meet customer requirements, and retention of key staff is therefore important.

Financial risk management
The company's operations expose it to a variety of financial risks that include the effects of changes in, price risk, liquidity risk, foreign currency risk and credit risk.

Liquidity risk
The company actively maintains liquidity within its balance sheet to ensure that sufficient funds are available for operations and planned investment, as required.

Price risk

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The company is exposed to commodity price risk as a result of its operations. However, given the size of the company's operations the costs of managing exposure to commodity price risk exceed any potential benefits. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature.

Foreign currency risk
The company manages exposure to foreign currency risk through the use of dedicated bank accounts denominated in foreign currencies to which receipts are lodged, and out of which payments are made. The directors monitor movements to the exchange rates on a regular basis, and trade funds when rates are favourable.

Credit risk
The company's credit risk is primarily attributable to its trade debtors, which is minimised by stable ongoing trade with a number of long established customers and its emphasis on good credit management.


KEY PERFORMANCE INDICATORS (KPIS)
Given the straightforward nature of the business, the company's directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the company.

ON BEHALF OF THE BOARD:





Mr R T D Crawford - Director


1 July 2025

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2024 will be £ 2,000,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr R T D Crawford
Mr G R Crawford
Mr M T Crawford

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


AUDITORS
The auditors, McAleer Jackson Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



Mrs M A Blakely - Secretary


1 July 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
R.T.D. CRAWFORD LIMITED

Opinion
We have audited the financial statements of R.T.D. Crawford Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
R.T.D. CRAWFORD LIMITED


Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
R.T.D. CRAWFORD LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, pensions and tax legislation, environmental regulations and health and safety laws, together with provisions of other laws and regulations that do not have a direct effect on the financial statements, but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

We tailored our response to those identified risks to include enquiring of management and external legal advisors concerning actual and potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, and reviewing correspondence with tax authorities and other regulatory bodies.

In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias, and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business. We apply professional scepticism throughout the audit to consider deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statements.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
- the nature of the industry and sector, control environment and business performance including the company's remuneration policies, and performance targets;
- results of our enquiries of management and other key persons about the company's own policies for the identification and assessment of the risks of irregularities, including those that may occur either as a result of fraud or error, and matters we identified from our review of the company's policies, procedures and internal controls; and

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
R.T.D. CRAWFORD LIMITED

- the matters discussed among the audit engagement team regarding potential indicators of fraud and where it might occur in the financial statements;
- design of audit procedures responsive to those risks that incorporate unpredictability around the nature, timing and extent of our testing.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Michael Barnett (Senior Statutory Auditor)
for and on behalf of McAleer Jackson Ltd
Chartered Accountants & Statutory Auditors
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE

1 July 2025

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 17,649,947 17,461,417

Cost of sales 13,751,123 14,018,304
GROSS PROFIT 3,898,824 3,443,113

Administrative expenses 2,128,354 1,060,616
1,770,470 2,382,497

Other operating income 96,010 359,185
OPERATING PROFIT 5 1,866,480 2,741,682

Profit/loss on sale of assets 6 - 1,438,597
1,866,480 4,180,279

Interest receivable and similar income 113,361 106,474
1,979,841 4,286,753

Interest payable and similar expenses 7 6,418 -
PROFIT BEFORE TAXATION 1,973,423 4,286,753

Tax on profit 8 511,072 621,055
PROFIT FOR THE FINANCIAL YEAR 1,462,351 3,665,698

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,462,351 3,665,698


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,462,351

3,665,698

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 10,284,300 10,346,889
Investments 12 10,000 10,000
10,294,300 10,356,889

CURRENT ASSETS
Stocks 13 4,724,129 2,824,394
Debtors 14 4,738,479 3,034,761
Cash at bank and in hand 2,246,255 6,873,950
11,708,863 12,733,105
CREDITORS
Amounts falling due within one year 15 1,041,027 1,362,600
NET CURRENT ASSETS 10,667,836 11,370,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,962,136

21,727,394

CREDITORS
Amounts falling due after more than one
year

16

(141,485

)

(172,124

)

PROVISIONS FOR LIABILITIES 19 (77,280 ) (274,250 )
NET ASSETS 20,743,371 21,281,020

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 20 100,000 100,000
Retained earnings 21 20,643,371 21,181,020
SHAREHOLDERS' FUNDS 20,743,371 21,281,020


The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:




Mr R T D Crawford - Director Mr M T Crawford - Director




Mr G R Crawford - Director


R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 100,000 21,515,322 21,615,322

Changes in equity
Dividends - (4,000,000 ) (4,000,000 )
Total comprehensive income - 3,665,698 3,665,698
Balance at 31 December 2023 100,000 21,181,020 21,281,020

Changes in equity
Dividends - (2,000,000 ) (2,000,000 )
Total comprehensive income - 1,462,351 1,462,351
Balance at 31 December 2024 100,000 20,643,371 20,743,371

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

R.T.D. Crawford Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are shown in pounds sterling, which is the functional currency of the company.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23.

Significant judgements and estimates
When preparing the financial statements, the directors undertake a number of judgements/estimates and assumptions about the recognition and measurement of assets, liabilities, income and expenses. The following are significant management judgements in applying the accounting policies of the company that have the most significant effect on the financial statements.

Carrying value of stock
Stock is measured at the lower of cost and net realisable value. Net realisable value is the estimated selling price, less costs to complete and sell. A provision is made for obsolete and slow moving stock based on historical experience.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. It is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them

Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings - 2% straight line
Plant and machinery - 20% straight line
Fixtures and fittings - At varying rates on cost
Motor vehicles - 25% straight line

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

The carrying values of tangible fixed assets are reviewed for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is defined as the expenditure which has been incurred in the normal course of business in bridging the product to its present location and condition. Net realisable value is the actual or estimated selling price less all further costs to completion and all costs to be incurred in marketing, selling and distributing.


R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
The company's presentation currency is GBP ("sterling"). Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Property, plant & equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Pension costs
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the company.

Turnover is derived from activities undertaken in UK and Ireland.

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 809,607 802,384
Social security costs 81,638 81,255
Other pension costs 1,338,063 23,068
2,229,308 906,707

The average number of employees during the year was as follows:
2024 2023

Production 18 18
Sales & distribution 4 4
Administration 2 2
24 24

20242023
££
Directors' remuneration87,13096,644
Directors' pension972,2142,614
1,059,34499,258



R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 107,192 149,628
Depreciation - owned assets 1,129,393 1,346,332
Profit on disposal of fixed assets (182,400 ) -
(Profit)/loss on foreign currencies 169,606 (147,204 )
Auditors' Remuneration 23,000 21,500

6. EXCEPTIONAL ITEMS
2024 2023
£    £   
Profit/loss on sale of assets - 1,438,597

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 6,418 -

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 708,042 597,992

Deferred tax (196,970 ) 23,063
Tax on profit 511,072 621,055

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,973,423 4,286,753
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 23.520%)

493,356

1,008,244

Effects of:
Expenses not deductible for tax purposes 2,340 235
Changes in tax rates (752 ) (4,457 )
Depreciation of non-qualifying assets 16,128 15,173
Other allowable deductions - (398,140 )
Total tax charge 511,072 621,055

9. DIVIDENDS
2024 2023
£    £   
Interim 2,000,000 4,000,000

10. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 5
AMORTISATION
At 1 January 2024
and 31 December 2024 5
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. TANGIBLE FIXED ASSETS
Fixtures
Land & Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 9,855,850 11,494,102 178,384 477,363 22,005,699
Additions - 1,210,793 38,411 - 1,249,204
Disposals - (528,214 ) - - (528,214 )
At 31 December 2024 9,855,850 12,176,681 216,795 477,363 22,726,689
DEPRECIATION
At 1 January 2024 1,966,089 9,128,029 165,351 399,341 11,658,810
Charge for year 133,392 938,356 12,842 44,803 1,129,393
Eliminated on disposal - (345,814 ) - - (345,814 )
At 31 December 2024 2,099,481 9,720,571 178,193 444,144 12,442,389
NET BOOK VALUE
At 31 December 2024 7,756,369 2,456,110 38,602 33,219 10,284,300
At 31 December 2023 7,889,761 2,366,073 13,033 78,022 10,346,889

12. FIXED ASSET INVESTMENTS
Shares in
subsidiary
undertakin
£   
COST
At 1 January 2024
and 31 December 2024 10,000
NET BOOK VALUE
At 31 December 2024 10,000
At 31 December 2023 10,000

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

12. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Dooneen Farms
Registered office: 10 Lunnon Road, Islandmagee, Co. Antrim, Northern Ireland, BT40 3TH
Nature of business: Farming
%
Class of shares: holding
Ordinary 100.00

13. STOCKS
2024 2023
£    £   
Stocks 4,724,129 2,824,394

14. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 2,355,652 2,415,576
Other debtors 15,000 -
Prepayments 352,200 361,215
2,722,852 2,776,791

Amounts falling due after more than one year:
Amounts owed by group undertakings 2,015,627 257,970

Aggregate amounts 4,738,479 3,034,761

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 18) - 4,931
Trade creditors 357,663 217,506
Amounts owed to group undertakings - 300,862
Corporation tax 341,863 309,910
Social security and other taxes 30,967 32,695
VAT 152,122 295,908
Accruals 158,412 200,788
1,041,027 1,362,600

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other loans (see note 17) 141,485 172,124

17. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Directors loan 141,485 172,124

18. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year - 4,931

19. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 77,280 274,250

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

19. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 274,250
Provided during year (196,970 )
Balance at 31 December 2024 77,280

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 ordinary £1 100,000 100,000

21. RESERVES
Retained
earnings
£   

At 1 January 2024 21,181,020
Profit for the year 1,462,351
Dividends (2,000,000 )
At 31 December 2024 20,643,371

22. RELATED PARTY DISCLOSURES

The company has taken advantage of Section 33.1A of FRS 102, whereby disclosures need not be given of transactions entered between members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

Derrygiff Farm is an enterprise under the control of Mr Garreth Crawford. During the year the company supplied goods of £78,024 (2023: £160,532) to Derrygiff Farm. No balances were due to or from Derrygiff Farm at the balance sheet date.

R.T.D. CRAWFORD LIMITED (REGISTERED NUMBER: NI013709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

23. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is RTD Crawford Holdings Ltd, a company incorporated in Northern Ireland, which owns 100% of the issued share capital of R.T.D Crawford Limited.

The smallest and largest group of undertakings for which group financial statements are drawn up and for which the company is a member is RTD Crawford Holdings Ltd. Copies of group financial statements are available from Companies House.

At the balance sheet date the ultimate controlling party is Mr RTD Crawford by virtue of his controlling interest in RTD Crawford Holdings Ltd.