Registration number:
Craven & Co Limited
for the Year Ended 31 December 2024
Craven & Co Limited
(Registration number: 03909505)
Balance Sheet as at 31 December 2024
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Note |
31 December |
31 December |
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|
Fixed assets |
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Intangible assets |
- |
2,083 |
|
|
Tangible assets |
166,785 |
70,608 |
|
|
Investments |
2 |
2 |
|
|
166,787 |
72,693 |
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Current assets |
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|
Stocks |
239,824 |
254,091 |
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Debtors |
2,504,865 |
3,154,326 |
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Cash at bank and in hand |
159,691 |
103,675 |
|
|
2,904,380 |
3,512,092 |
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Creditors: Amounts falling due within one year |
(1,287,003) |
(2,264,200) |
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Net current assets |
1,617,377 |
1,247,892 |
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Total assets less current liabilities |
1,784,164 |
1,320,585 |
|
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Creditors: Amounts falling due after more than one year |
(111,307) |
(34,789) |
|
|
Provisions for liabilities |
(37,459) |
(15,272) |
|
|
Net assets |
1,635,398 |
1,270,524 |
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Capital and reserves |
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Called up share capital |
68,141 |
68,141 |
|
|
Share premium reserve |
229,445 |
229,445 |
|
|
Capital redemption reserve |
88,441 |
88,441 |
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|
Profit and loss account |
1,249,371 |
884,497 |
|
|
Total equity |
1,635,398 |
1,270,524 |
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Craven & Co Limited
(Registration number: 03909505)
Balance Sheet as at 31 December 2024
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......................................... |
Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
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 |
|
Plant and machinery |
12.5% - 25% Straight line |
|
Fixtures and fittings |
15% - 20% Straight line |
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Motor vehicles |
20% Straight line (Fully written off) |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
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Goodwill |
Over 5 years (Fully written off) |
|
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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Intangible assets |
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Goodwill |
Total |
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Cost or valuation |
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At 1 January 2024 |
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At 31 December 2024 |
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Amortisation |
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At 1 January 2024 |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
- |
- |
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At 31 December 2023 |
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Tangible assets |
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Fixtures and fittings |
Plant and machinery |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 January 2024 |
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Additions |
- |
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- |
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Disposals |
- |
( |
- |
( |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
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Charge for the year |
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- |
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Eliminated on disposal |
- |
( |
- |
( |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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- |
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At 31 December 2023 |
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- |
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Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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Investments |
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31 December |
31 December |
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Investments in subsidiaries |
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Subsidiaries |
£ |
|
Cost |
|
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At 1 January 2024 and 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Holding |
Proportion of voting rights and shares held |
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31 December 2024 |
31 December 2023 |
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Subsidiary undertakings |
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Ordinary |
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Ordinary |
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Subsidiary undertakings |
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Firmashelf Ltd The principal activity of Firmashelf Ltd is |
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Richard Craven & Co Ltd The principal activity of Richard Craven & Co Ltd is |
Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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Debtors |
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31 December |
31 December |
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Trade debtors |
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Other debtors |
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Amounts owed by parent undertakings |
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Total current trade and other debtors |
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Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
31 December |
31 December |
|
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
- |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
|
Note |
31 December |
31 December |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
|
31 December |
31 December |
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Non-current loans and borrowings |
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HP and finance lease liabilities |
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Current loans and borrowings
|
31 December |
31 December |
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Bank overdrafts |
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Hire purchase contracts |
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Craven & Co Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Related party transactions |
Summary of transactions with parent
(Parent Company)
There were no disclosable transactions during the year. At the balance sheet date the amount due from CBB Group Ltd was £1,527,093 (2023 - £2,183,503).
Summary of transactions with associates
During the year Booth Wire Products Ltd made purchase of £Nil (2023 - £28,568) from Craven & Co Limited and made sales of £Nil (2023 - £Nil) to Craven & Co Limited. At the balance sheet date the amount due to Craven & Co Limited was £Nil (2023 - £176,945).
Summary of transactions with associates
Bedford Shelving Limited
Associate Company under common control.
During the year Bedford Shelving Limited made purchase of £83,735 (2023 - £90,326) from Craven & Co Limited and made sales of £38,323 (2023 - £235,748) to Craven & Co Limited.
Bedford Shelving Limited has paid mangement charges of £125,000 (2023 - £Nil) to Craven & Co Limited. At the balance sheet date the amount due from/(to) Craven & Co Limited was £162,212 (2023 - (£319,293)).