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Craig Massey Builders Ltd
Registered Number:06294611
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Craig Massey Builders Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06294611
As at 31 March 2023
Craig Massey Builders Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
7,650
9,450
2
Property, plant and equipment
5,713
6,039
3
13,363
15,489
Current assets
Trade and other receivables
15,000
101,120
4
32,239
Cash and cash equivalents
17,252
118,372
47,239
Trade and other payables: amounts falling due within one
year
(22,393)
(31,243)
5
24,846
87,129
Net current assets
Total assets less current liabilities
100,492
40,335
Trade and other payables: amounts falling due after more
than one year
(1,658)
-
6
(1,085)
(1,147)
Provisions for liabilities
99,407
Net assets
37,530
Capital and reserves
Called up share capital
4
2
Retained earnings
99,403
37,528
99,407
37,530
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 C Massey Director
These financial statements were approved and authorised for issue by the Board on 16 November 2023 and were signed by:
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4
Registered Number :
06294611
For the year ended 31 March 2023
Craig Massey Builders Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2023
Craig Massey Builders Ltd
Notes to the Financial Statements
Statutory Information
Craig Massey Builders Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06294611.
Registered address:
87 Wepre Park
Connahs Quay
Deeside
Flintshire
CH5 4HL
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.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of 20 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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:
Plant and machinery
10% per annum on cost
20% per annum on cost
Motor vehicles
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.
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.
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6
For the year ended 31 March 2023
Craig Massey Builders Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
36,000
At 31 March 2023
36,000
Amortisation
At 01 April 2022
26,550
1,800
Charge for year
At 31 March 2023
28,350
Net book value
At 31 March 2023
7,650
At 31 March 2022
9,450
3. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 April 2022
16,532
13,274
3,258
At 31 March 2023
3,258
13,274
16,532
Provision for depreciation and impairment
At 01 April 2022
10,493
9,136
1,357
Charge for year
326
-
326
At 31 March 2023
10,819
9,136
1,683
At 31 March 2023
Net book value
1,575
4,138
5,713
At 31 March 2022
1,901
4,138
6,039
4. Trade and other receivables
2022
2023
£
£
Trade debtors
28,000
15,000
Amounts owed by directors
73,120
-
15,000
101,120
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7
For the year ended 31 March 2023
Craig Massey Builders Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
2,062
2,163
Taxation and social security
29,181
17,663
Accruals and deferred income
-
1,800
Obligations under HP/Financial leases
-
767
31,243
22,393
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
1,658
-
Directors' loan accounts
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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