2022-04-01 09562309 2023-03-31 09562309 2022-04-01 2023-03-31 09562309 2022-03-31 09562309 2021-04-01 2022-03-31 09562309 uk-core:WithinOneYear 2022-03-31 09562309 uk-core:WithinOneYear 2023-03-31 09562309 uk-core:ShareCapital 2023-03-31 09562309 uk-core:ShareCapital 2022-03-31 09562309 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 09562309 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 09562309 uk-bus:Director1 2022-04-01 2023-03-31 09562309 uk-core:Buildings 2022-04-01 2023-03-31 09562309 uk-core:PlantMachinery 2022-04-01 2023-03-31 09562309 uk-core:ToolsEquipment 2022-04-01 2023-03-31 09562309 uk-core:OtherVehicles 2022-04-01 2023-03-31 09562309 uk-core:FurnitureFittings 2022-04-01 2023-03-31 09562309 uk-core:ToolsEquipment 2022-03-31 09562309 uk-core:FurnitureFittings 2022-03-31 09562309 uk-core:OtherVehicles 2022-03-31 09562309 uk-core:PlantMachinery 2022-03-31 09562309 uk-core:Buildings 2022-03-31 09562309 uk-core:Buildings 2023-03-31 09562309 uk-core:OtherVehicles 2023-03-31 09562309 uk-core:FurnitureFittings 2023-03-31 09562309 uk-core:ToolsEquipment 2023-03-31 09562309 uk-core:PlantMachinery 2023-03-31 09562309 2 uk-bus:Director1 2022-04-01 2023-03-31 09562309 2 uk-bus:Director1 2023-03-31 09562309 2 uk-bus:Director1 2022-03-31 09562309 3 uk-bus:Director2 2022-04-01 2023-03-31 09562309 3 uk-bus:Director2 2023-03-31 09562309 3 uk-bus:Director2 2022-03-31 iso4217:GBP xbrli:pure 09562309 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09562309 uk-bus:FRS102 2022-04-01 2023-03-31 09562309 uk-bus:FullAccounts 2022-04-01 2023-03-31 09562309 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Craig Williams Designs & Innovations Ltd
Registered Number:09562309
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
09562309
As at 31 March 2023
Craig Williams Designs & Innovations Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
23,021
30,457
2
23,021
30,457
Current assets
Inventories
45,860
9,354
3
Trade and other receivables
101,860
48,019
4
126,016
Cash and cash equivalents
141,270
198,643
273,736
Trade and other payables: amounts falling due within one year
(71,889)
(42,854)
5
201,847
155,789
Net current assets
Total assets less current liabilities
178,810
232,304
178,810
Net assets
232,304
Capital and reserves
Called up share capital
2
2
Retained earnings
178,808
232,302
178,810
232,304
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Craig Williams Director
These financial statements were approved and authorised for issue by the Board on 12 October 2023 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2023
Craig Williams Designs & Innovations Ltd
Notes to the Financial Statements
Statutory Information
Craig Williams Designs & Innovations Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09562309.
Registered address:
Hill View
Station Road
Broadway
Worcestershire
WR12 7DE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Changes in accounting policies
The principal accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented unless otherwise stated. No changes have arisen as a result of the transition to Section 1A of Financial Reporting Standard 102.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
20% Straight line
Plant and machinery
20% Reducing balance
33% Reducing balance
Computer equipment
20% Straight line
Motor vehicles
33% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2023
Craig Williams Designs & Innovations Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or valuation
At 01 April 2022
68,656
5,711
1,011
31,605
14,001
16,328
At 31 March 2023
16,328
31,605
1,011
5,711
68,656
14,001
Provision for depreciation and impairment
At 01 April 2022
38,199
5,090
1,011
6,321
9,449
16,328
Charge for year
7,436
205
-
6,321
910
-
At 31 March 2023
45,635
5,295
1,011
12,642
10,359
16,328
At 31 March 2023
Net book value
-
3,642
18,963
-
416
23,021
-
4,552
25,284
-
621
30,457
At 31 March 2022
3. Inventories
2022
2023
£
£
Stocks
9,354
45,860
4. Trade and other receivables
2022
2023
£
£
Trade debtors
1,422
68,390
Other debtors
46,597
33,470
101,860
48,019
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
31,652
54,306
Other creditors
11,202
17,583
42,854
71,889
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For the year ended 31 March 2023
Craig Williams Designs & Innovations Ltd
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 01/04/2022
Loaned
Repaid
At 31/03/2023
£
£
£
£
Mr Craig Williams
Interest free loan
19,522
12,698
34,524
27,700
19,522
12,698
34,524
27,700
Mrs Jo Williams
Interest free loan
19,522
12,697
34,525
27,700
19,522
12,697
34,525
27,700
7. Average number of persons employed
During the year the average number of employees was 3.
8. Transition to FRS 102
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the
transition to Section 1A of Financial Reporting Standard 102.
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