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Registration number: 03909505

Craven & Co Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Craven & Co Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 8

 

Craven & Co Limited

(Registration number: 03909505)
Balance Sheet as at 31 December 2024

Note

31 December
2024
£

31 December
2023
£

Fixed assets

 

Intangible assets

4

-

2,083

Tangible assets

5

166,785

70,608

Investments

6

2

2

 

166,787

72,693

Current assets

 

Stocks

239,824

254,091

Debtors

7

2,504,865

3,154,326

Cash at bank and in hand

 

159,691

103,675

 

2,904,380

3,512,092

Creditors: Amounts falling due within one year

8

(1,287,003)

(2,264,200)

Net current assets

 

1,617,377

1,247,892

Total assets less current liabilities

 

1,784,164

1,320,585

Creditors: Amounts falling due after more than one year

8

(111,307)

(34,789)

Provisions for liabilities

(37,459)

(15,272)

Net assets

 

1,635,398

1,270,524

Capital and reserves

 

Called up share capital

68,141

68,141

Share premium reserve

229,445

229,445

Capital redemption reserve

88,441

88,441

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:

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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 June 2025
 

 

Craven & Co Limited

(Registration number: 03909505)
Balance Sheet as at 31 December 2024

.........................................
Mr Wesley Michael Spencer Dance
Director

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

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:
Manse Lane
Knaresborough
North Yorkshire
HG5 8ET

These financial statements were authorised for issue by the director on 3 June 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 - '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

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

Goodwill

Over 5 years (Fully written off)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 44 (2023 - 41).

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

12,500

12,500

At 31 December 2024

12,500

12,500

Amortisation

At 1 January 2024

12,500

12,500

At 31 December 2024

12,500

12,500

Carrying amount

At 31 December 2024

-

-

At 31 December 2023

2,083

2,083

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

279,567

2,077,007

23,729

2,380,303

Additions

-

152,944

-

152,944

Disposals

-

(140,533)

-

(140,533)

At 31 December 2024

279,567

2,089,418

23,729

2,392,714

Depreciation

At 1 January 2024

275,034

2,010,932

23,729

2,309,695

Charge for the year

1,500

55,267

-

56,767

Eliminated on disposal

-

(140,533)

-

(140,533)

At 31 December 2024

276,534

1,925,666

23,729

2,225,929

Carrying amount

At 31 December 2024

3,033

163,752

-

166,785

At 31 December 2023

4,533

66,075

-

70,608

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Investments

31 December
2024
£

31 December
2023
£

Investments in subsidiaries

2

2

Subsidiaries

£

Cost

At 1 January 2024 and 31 December 2024

2

Carrying amount

At 31 December 2024

2

At 31 December 2023

2

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:

Undertaking

Holding

Proportion of voting rights and shares held

     

31 December 2024

31 December 2023

Subsidiary undertakings

Firmashelf Ltd

Ordinary

100%

100%

         

Richard Craven & Co Ltd

Ordinary

100%

100%

         

Subsidiary undertakings

Firmashelf Ltd

The principal activity of Firmashelf Ltd is Dormant Company.

Richard Craven & Co Ltd

The principal activity of Richard Craven & Co Ltd is Dormant Company.

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Debtors

31 December
2024
£

31 December
2023
£

Trade debtors

665,099

809,019

Other debtors

220,426

161,804

Amounts owed by parent undertakings

1,619,340

2,183,503

Total current trade and other debtors

2,504,865

3,154,326

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

Note

31 December
2024
£

31 December
2023
£

Due within one year

 

Bank loans and overdrafts

9

401,187

573,711

Trade creditors

 

542,555

1,045,505

Amounts owed to group undertakings

 

-

193,537

Taxation and social security

 

170,489

143,148

Accruals and deferred income

 

75,090

86,666

Other creditors

 

97,682

221,633

 

1,287,003

2,264,200

Creditors: amounts falling due after more than one year

Note

31 December
2024
£

31 December
2023
£

Due after one year

 

Loans and borrowings

9

111,307

34,789

9

Loans and borrowings

31 December
2024
£

31 December
2023
£

Non-current loans and borrowings

HP and finance lease liabilities

111,307

34,789

Current loans and borrowings

31 December
2024
£

31 December
2023
£

Bank overdrafts

363,063

556,252

Hire purchase contracts

38,124

17,459

401,187

573,711

 

Craven & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

10

Related party transactions

Summary of transactions with parent

CBB Group Ltd
(Parent Company)
Craven & Co Limited is 100% subsidiary of CBB Group Ltd.

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

Booth Wire Products Ltd Associate Company under common control.

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)).