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REGISTERED NUMBER: 03946919 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

CRAIG RITCHIE & COMPANY LIMITED

CRAIG RITCHIE & COMPANY LIMITED (REGISTERED NUMBER: 03946919)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRAIG RITCHIE & COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: C R Ritchie





SECRETARIES: C R Ritchie
Mrs L Oakley





REGISTERED OFFICE: 313 Dyke Road
Hove
East Sussex
BN3 6PE





REGISTERED NUMBER: 03946919 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

CRAIG RITCHIE & COMPANY LIMITED (REGISTERED NUMBER: 03946919)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 1,704 1,721
Investments 5 6,100 6,100
7,804 7,821

CURRENT ASSETS
Debtors 6 204,029 234,544
Cash at bank 20,058 20,932
224,087 255,476
CREDITORS
Amounts falling due within one year 7 57,980 76,275
NET CURRENT ASSETS 166,107 179,201
TOTAL ASSETS LESS CURRENT LIABILITIES 173,911 187,022

CREDITORS
Amounts falling due after more than one year 8 (19,370 ) (25,575 )

PROVISIONS FOR LIABILITIES (426 ) (327 )
NET ASSETS 154,115 161,120

CAPITAL AND RESERVES
Called up share capital 36 36
Share premium 154,076 154,076
Retained earnings 3 7,008
154,115 161,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CRAIG RITCHIE & COMPANY LIMITED (REGISTERED NUMBER: 03946919)

BALANCE SHEET - continued
30 APRIL 2023


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 director and authorised for issue on 10 October 2023 and were signed by:





C R Ritchie - Director


CRAIG RITCHIE & COMPANY LIMITED (REGISTERED NUMBER: 03946919)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CRAIG RITCHIE & COMPANY LIMITED (REGISTERED NUMBER: 03946919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 240,000
AMORTISATION
At 1 May 2022
and 30 April 2023 240,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 2,769 2,602 5,371
Additions 213 857 1,070
At 30 April 2023 2,982 3,459 6,441
DEPRECIATION
At 1 May 2022 2,140 1,510 3,650
Charge for year 263 824 1,087
At 30 April 2023 2,403 2,334 4,737
NET BOOK VALUE
At 30 April 2023 579 1,125 1,704
At 30 April 2022 629 1,092 1,721

5. FIXED ASSET INVESTMENTS
Own
shares
£   
COST
At 1 May 2022
and 30 April 2023 6,100
NET BOOK VALUE
At 30 April 2023 6,100
At 30 April 2022 6,100

CRAIG RITCHIE & COMPANY LIMITED (REGISTERED NUMBER: 03946919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,324 22,943
Amounts owed by associates 178,299 188,235
Prepayments and accrued income 1,599 4,930
Prepayments 11,807 18,436
204,029 234,544

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,249 8,295
Trade creditors 191 159
Amounts owed to associates - 10,000
Tax 5,932 8,645
Social security and other taxes 651 598
VAT 5,064 8,756
Other creditors 452 488
Directors' loan accounts 36,539 37,711
Accrued expenses 1,902 1,623
57,980 76,275

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 7,249 8,295
Bank loans - 2-5 years 12,121 17,280
19,370 25,575

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, C Ritchie decreased his loan to the company. As at 30 April 2023, the company owed him £36,539 (2022: £37,711). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, the company paid C Ritchie rent amounting to £2,760 (2022: £4,675) as a result of utilising office space within his home.

10. ULTIMATE CONTROLLING PARTY

The controlling party is C R Ritchie.

This was by virtue of his 100%. holding of the issued share capital.