Company Registration No. NI062293 (Northern Ireland)
George Crawford & Son Ltd
Unaudited accounts
for the year ended 31 January 2023
George Crawford & Son Ltd
Unaudited accounts
Contents
George Crawford & Son Ltd
Company Information
for the year ended 31 January 2023
Directors
Mr James Samuel Crawford
Mrs Jacqueline Crawford
Secretary
Mrs Jacqueline Crawford
Company Number
NI062293 (Northern Ireland)
Registered Office
Eskrahoole Quarry
Dromore Middle
Clogher
BT76 0UF
Northern Ireland
Accountants
MacNeary Rasdale & Co. Ltd
Wellington House
30 Darling St
Enniskillen
Fermanagh
BT74 7EW
Accountants' report to the Board of Directors on the unaudited financial statements of George Crawford & Son Ltd for the year ended 31 January 2023
In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made solely to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors as a body, for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Chartered Accountants Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet for the year ended 31 January 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
MacNeary Rasdale & Co. Ltd
Chartered Accountants
Wellington House
30 Darling St
Enniskillen
Fermanagh
BT74 7EW
12 October 2023
George Crawford & Son Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
111,149
123,836
Inventories
173,576
112,099
Cash at bank and in hand
344,970
373,643
Creditors: amounts falling due within one year
(231,046)
(250,280)
Net current assets
592,300
516,899
Total assets less current liabilities
703,449
640,735
Provisions for liabilities
Deferred tax
(15,929)
(19,290)
Net assets
687,520
621,445
Called up share capital
200
200
Profit and loss account
687,320
621,245
Shareholders' funds
687,520
621,445
For the year ending 31 January 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by
Mr James Samuel Crawford
Director
Company Registration No. NI062293
George Crawford & Son Ltd
Notes to the Accounts
for the year ended 31 January 2023
George Crawford & Son Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI062293. The registered office is Eskrahoole Quarry, Dromore Middle, Clogher, BT76 0UF, Northern Ireland.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% x reducing balance
Motor vehicles
20% x reducing balance
Fixtures & fittings
20% x reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
534,890
299,880
6,092
840,862
Additions
-
15,100
-
15,100
At 31 January 2023
534,890
314,980
6,092
855,962
At 1 February 2022
461,340
251,460
4,226
717,026
Charge for the year
14,710
12,704
373
27,787
At 31 January 2023
476,050
264,164
4,599
744,813
At 31 January 2023
58,840
50,816
1,493
111,149
At 31 January 2022
73,550
48,420
1,866
123,836
Amounts falling due within one year
Trade debtors
304,800
281,437
George Crawford & Son Ltd
Notes to the Accounts
for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
89,202
131,730
Taxes and social security
34,257
6,119
Other creditors
16,775
32,562
Loans from directors
59,329
41,683
7
Average number of employees
During the year the average number of employees was 13 (2022: 13).