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REGISTERED NUMBER: SC395052 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

GRAEME CRAIG CONSULTING
ENGINEERS LTD.

GRAEME CRAIG CONSULTING
ENGINEERS LTD. (REGISTERED NUMBER: SC395052)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

GRAEME CRAIG CONSULTING
ENGINEERS LTD.

COMPANY INFORMATION
for the Year Ended 31 March 2022







DIRECTORS: G K Craig
Mrs F Craig





REGISTERED OFFICE: New Office Block
Coneyhatch Farm
Stonehaven
Aberdeenshire
AB39 5AX





REGISTERED NUMBER: SC395052 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

GRAEME CRAIG CONSULTING
ENGINEERS LTD. (REGISTERED NUMBER: SC395052)

STATEMENT OF FINANCIAL POSITION
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,016 3,822
3,016 3,822

CURRENT ASSETS
Stocks 6 2,394 6,510
Debtors 7 8,647 12,548
Cash at bank and in hand 10,549 10,264
21,590 29,322
CREDITORS
Amounts falling due within one year 8 21,420 31,366
NET CURRENT ASSETS/(LIABILITIES) 170 (2,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,186

1,778

PROVISIONS FOR LIABILITIES 573 726
NET ASSETS 2,613 1,052

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,513 952
SHAREHOLDERS' FUNDS 2,613 1,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 18 August 2022 and were signed on its behalf by:





G K Craig - Director


GRAEME CRAIG CONSULTING
ENGINEERS LTD. (REGISTERED NUMBER: SC395052)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Graeme Craig Consulting Engineers Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer software - 20% Straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

GRAEME CRAIG CONSULTING
ENGINEERS LTD. (REGISTERED NUMBER: SC395052)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 63,200 3,264 66,464
AMORTISATION
At 1 April 2021
and 31 March 2022 63,200 3,264 66,464
NET BOOK VALUE
At 31 March 2022 - - -
At 31 March 2021 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021 700 829 13,783 15,312
Additions - - 1,237 1,237
At 31 March 2022 700 829 15,020 16,549
DEPRECIATION
At 1 April 2021 665 766 10,059 11,490
Charge for year 35 63 1,945 2,043
At 31 March 2022 700 829 12,004 13,533
NET BOOK VALUE
At 31 March 2022 - - 3,016 3,016
At 31 March 2021 35 63 3,724 3,822

6. STOCKS
2022 2021
£    £   
Stocks 2,394 6,510

GRAEME CRAIG CONSULTING
ENGINEERS LTD. (REGISTERED NUMBER: SC395052)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,209 1,872
Other debtors 3,438 10,676
8,647 12,548

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 627 -
Taxation and social security 15,454 9,757
Other creditors 5,339 21,609
21,420 31,366

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
G K Craig
Balance outstanding at start of year (10,930 ) (12,806 )
Amounts advanced 8,773 1,876
Amounts repaid (2,034 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,191 ) (10,930 )

Mrs F Craig
Balance outstanding at start of year (9,081 ) (12,806 )
Amounts advanced 8,773 3,725
Amounts repaid (839 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,147 ) (9,081 )

The loans are interest free, unsecured and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are deemed to be the company directors Mr Graeme Craig and Mrs Fiona Craig.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GRAEME CRAIG CONSULTING
ENGINEERS LTD.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Graeme Craig Consulting Engineers Ltd. for the year ended 31 March 2022 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Graeme Craig Consulting Engineers Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graeme Craig Consulting Engineers Ltd. and state those matters that we have agreed to state to the Board of Directors of Graeme Craig Consulting Engineers Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graeme Craig Consulting Engineers Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Graeme Craig Consulting Engineers Ltd.. You consider that Graeme Craig Consulting Engineers Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Graeme Craig Consulting Engineers Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


18 August 2022