Company Registration No. SC337186 (Scotland)
C. Craig Limited
Unaudited accounts
for the year ended 29 February 2020
C. Craig Limited
Unaudited accounts
Contents
C. Craig Limited
Company Information
for the year ended 29 February 2020
Director
Christopher Craig
Company Number
SC337186 (Scotland)
Registered Office
Suite 2.5
94 Hope Street
Glasgow
G2 6PH
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
C. Craig Limited
Statement of financial position
as at
29 February 2020
Tangible assets
9,713
2,409
Cash at bank and in hand
-
6,475
Creditors: amounts falling due within one year
(48,108)
(15,966)
Net current liabilities
(32,324)
(8,045)
Net liabilities
(22,611)
(5,636)
Called up share capital
1
1
Profit and loss account
(22,612)
(5,637)
Shareholders' funds
(22,611)
(5,636)
For the year ending 29 February 2020 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2020 and were signed on its behalf by
Christopher Craig
Director
Company Registration No. SC337186
C. Craig Limited
Notes to the Accounts
for the year ended 29 February 2020
C. Craig Limited is a private company, limited by shares, registered in Scotland, registration number SC337186. The registered office is Suite 2.5, 94 Hope Street, Glasgow, G2 6PH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2019
3,012
7,500
10,512
Additions
-
12,417
12,417
At 29 February 2020
3,012
19,917
22,929
At 1 March 2019
2,478
5,625
8,103
Charge for the year
134
4,979
5,113
At 29 February 2020
2,612
10,604
13,216
At 29 February 2020
400
9,313
9,713
At 28 February 2019
534
1,875
2,409
C. Craig Limited
Notes to the Accounts
for the year ended 29 February 2020
Accrued income and prepayments
3,208
915
6
Creditors: amounts falling due within one year
2020
2019
Other creditors
2,160
1,620
Loans from directors
45,948
14,346
7
Share capital
2020
2019
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).