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REGISTERED NUMBER: 03932696 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

CRAVEN SERVICES (NORTH WEST) LIMITED

CRAVEN SERVICES (NORTH WEST) LIMITED (REGISTERED NUMBER: 03932696)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRAVEN SERVICES (NORTH WEST) LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr A J Millar
Mr J M Craven
Mrs J A Haywood





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 03932696 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

CRAVEN SERVICES (NORTH WEST) LIMITED (REGISTERED NUMBER: 03932696)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 265,210 203,141
265,210 203,141

CURRENT ASSETS
Stocks 6 91,697 92,155
Debtors 7 220,149 197,447
Cash at bank and in hand 332,846 152,772
644,692 442,374
CREDITORS
Amounts falling due within one year 8 500,029 390,184
NET CURRENT ASSETS 144,663 52,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,873

255,331

CREDITORS
Amounts falling due after more than one
year

9

(128,386

)

(141,643

)

PROVISIONS FOR LIABILITIES (66,303 ) (38,597 )
NET ASSETS 215,184 75,091

CAPITAL AND RESERVES
Called up share capital 1,195 1,195
Share premium 68,603 68,603
Retained earnings 145,386 5,293
SHAREHOLDERS' FUNDS 215,184 75,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

CRAVEN SERVICES (NORTH WEST) LIMITED (REGISTERED NUMBER: 03932696)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:




Mr A J Millar - Director Mr J M Craven - Director




Mrs J A Haywood - Director


CRAVEN SERVICES (NORTH WEST) LIMITED (REGISTERED NUMBER: 03932696)

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

1. STATUTORY INFORMATION

Craven Services (North West) Limited is a private company, limited by shares , registered in England and Wales. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax. It is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on reducing balance

Impairment of Assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


CRAVEN SERVICES (NORTH WEST) LIMITED (REGISTERED NUMBER: 03932696)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 and to the directors personal schemes are charged to the profit and loss account in the period to which they relate.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 43 ) .

CRAVEN SERVICES (NORTH WEST) LIMITED (REGISTERED NUMBER: 03932696)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 526,518
AMORTISATION
At 1 January 2024
and 31 December 2024 526,518
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 27,511 361,951 360,046 43,004 792,512
Additions - 15,792 115,260 1,099 132,151
Disposals - - (89,771 ) - (89,771 )
At 31 December 2024 27,511 377,743 385,535 44,103 834,892
DEPRECIATION
At 1 January 2024 27,511 305,984 220,701 35,175 589,371
Charge for year - 9,402 48,259 2,732 60,393
Eliminated on disposal - - (80,082 ) - (80,082 )
At 31 December 2024 27,511 315,386 188,878 37,907 569,682
NET BOOK VALUE
At 31 December 2024 - 62,357 196,657 6,196 265,210
At 31 December 2023 - 55,967 139,345 7,829 203,141

CRAVEN SERVICES (NORTH WEST) LIMITED (REGISTERED NUMBER: 03932696)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 162,585 13,684 176,269
Additions 115,260 - 115,260
Transfer to ownership - (13,684 ) (13,684 )
At 31 December 2024 277,845 - 277,845
DEPRECIATION
At 1 January 2024 47,171 10,305 57,476
Charge for year 44,698 - 44,698
Transfer to ownership - (10,305 ) (10,305 )
At 31 December 2024 91,869 - 91,869
NET BOOK VALUE
At 31 December 2024 185,976 - 185,976
At 31 December 2023 115,414 3,379 118,793

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 76,461 67,035
Work-in-progress 15,236 25,120
91,697 92,155

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 196,147 132,786
Amounts owed by group undertakings - 31,493
Other debtors 4,830 2,643
Prepayments 19,172 30,525
220,149 197,447

CRAVEN SERVICES (NORTH WEST) LIMITED (REGISTERED NUMBER: 03932696)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 45,636 47,374
Hire purchase contracts (see note 10) 55,253 40,652
Trade creditors 116,809 105,343
Amounts owed to group undertakings 12,947 -
Tax 67,910 2,632
Social security and other taxes 166,669 158,236
Other creditors 12,902 15,516
Accruals 21,903 20,431
500,029 390,184

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 25,142 46,638
Bank loans - 2-5 years - 22,986
Hire purchase contracts (see note 10) 103,244 72,019
128,386 141,643

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 55,253 40,652
Between one and five years 103,244 72,019
158,497 112,671

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 22,205 17,212
Between one and five years 4,283 -
26,488 17,212

CRAVEN SERVICES (NORTH WEST) LIMITED (REGISTERED NUMBER: 03932696)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 70,778 116,998
Hire purchase contracts 158,497 112,671
229,275 229,669

Balances due under hire purchase contracts are secured against the individual assets for which the agreements were undertaken.

The bank loan is secured by a partial guarantee from the UK government under the CBIL scheme.

12. CONTROLLING PARTY

The controlling party is AMJC Holdings Limited.

The registered address of AMJC Holdings Limited is 41 St Thomas's Road, Chorley, Lancashire, PR7 1JE.