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REGISTERED NUMBER: SC537789 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Craig W. Dickie Ltd

Craig W. Dickie Ltd (Registered number: SC537789)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craig W. Dickie Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: C W Dickie
Mrs R E Dickie





REGISTERED OFFICE: Andersville
Cullivoe
Yell
Shetland
ZE2 9DD





REGISTERED NUMBER: SC537789 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

Craig W. Dickie Ltd (Registered number: SC537789)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 945,363 854,421

CURRENT ASSETS
Stocks 8,650 9,450
Debtors 5 490,679 343,713
Cash at bank 128,306 295,479
627,635 648,642
CREDITORS
Amounts falling due within one year 6 448,380 514,442
NET CURRENT ASSETS 179,255 134,200
TOTAL ASSETS LESS CURRENT LIABILITIES 1,124,618 988,621

CREDITORS
Amounts falling due after more than one year 7 (195,362 ) (136,549 )

PROVISIONS FOR LIABILITIES (236,340 ) (162,340 )
NET ASSETS 692,916 689,732

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 692,816 689,632
SHAREHOLDERS' FUNDS 692,916 689,732

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Craig W. Dickie Ltd (Registered number: SC537789)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





C W Dickie - Director


Craig W. Dickie Ltd (Registered number: SC537789)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Craig W. Dickie 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

Craig W. Dickie Ltd (Registered number: SC537789)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 1,003,097 54,150 3,000 1,060,247
Additions 438,873 - - 438,873
Disposals (174,000 ) (28,700 ) - (202,700 )
At 30 June 2023 1,267,970 25,450 3,000 1,296,420
DEPRECIATION
At 1 July 2022 187,716 17,089 1,021 205,826
Charge for year 171,052 8,256 866 180,174
Eliminated on disposal (19,360 ) (15,583 ) - (34,943 )
At 30 June 2023 339,408 9,762 1,887 351,057
NET BOOK VALUE
At 30 June 2023 928,562 15,688 1,113 945,363
At 30 June 2022 815,381 37,061 1,979 854,421

Craig W. Dickie Ltd (Registered number: SC537789)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 July 2022 278,265
Additions 365,508
Disposals (127,500 )
At 30 June 2023 516,273
DEPRECIATION
At 1 July 2022 71,104
Charge for year 73,850
Eliminated on disposal (15,938 )
At 30 June 2023 129,016
NET BOOK VALUE
At 30 June 2023 387,257
At 30 June 2022 207,161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 125,895 45,429
Amounts recoverable on contract 73,628 176,038
Other debtors 291,156 122,246
490,679 343,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 14,617 14,617
Hire purchase contracts 78,674 48,217
Trade creditors 167,078 146,431
Taxation and social security 80,477 56,563
Other creditors 107,534 248,614
448,380 514,442

Craig W. Dickie Ltd (Registered number: SC537789)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 28,016 42,633
Hire purchase contracts 167,346 93,916
195,362 136,549