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REGISTERED NUMBER: 04486207 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

KIRK CRAIG LIMITED

KIRK CRAIG LIMITED (REGISTERED NUMBER: 04486207)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIRK CRAIG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: S Craig





REGISTERED OFFICE: Merton Bank Road
St. Helens
Merseyside
WA9 1HZ





REGISTERED NUMBER: 04486207 (England and Wales)





ACCOUNTANTS: John Kerr - Chartered Accountants
375 Eaton Road
West Derby
Liverpool
Merseyside
L12 2AH

KIRK CRAIG LIMITED (REGISTERED NUMBER: 04486207)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 80,657 94,633
80,658 94,634

CURRENT ASSETS
Stocks 7,995 13,450
Debtors 6 162,129 262,900
Cash at bank and in hand 201,116 155,751
371,240 432,101
CREDITORS
Amounts falling due within one year 7 101,461 137,686
NET CURRENT ASSETS 269,779 294,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,437

389,049

CREDITORS
Amounts falling due after more than one year 8 (4,473 ) (14,367 )

PROVISIONS FOR LIABILITIES (15,325 ) (17,980 )
NET ASSETS 330,639 356,702

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 330,539 356,602
SHAREHOLDERS' FUNDS 330,639 356,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

KIRK CRAIG LIMITED (REGISTERED NUMBER: 04486207)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





S Craig - Director


KIRK CRAIG LIMITED (REGISTERED NUMBER: 04486207)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Kirk Craig Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% 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 Statement of Income and Retained Earnings, 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KIRK CRAIG LIMITED (REGISTERED NUMBER: 04486207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs
The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 70,000
AMORTISATION
At 1 November 2022
and 31 October 2023 69,999
NET BOOK VALUE
At 31 October 2023 1
At 31 October 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 27,589 33,665 165,318 226,572
Additions - - 24,750 24,750
Disposals - - (12,500 ) (12,500 )
At 31 October 2023 27,589 33,665 177,568 238,822
DEPRECIATION
At 1 November 2022 22,496 31,935 77,508 131,939
Charge for year 1,442 789 31,570 33,801
Eliminated on disposal - - (7,575 ) (7,575 )
At 31 October 2023 23,938 32,724 101,503 158,165
NET BOOK VALUE
At 31 October 2023 3,651 941 76,065 80,657
At 31 October 2022 5,093 1,730 87,810 94,633

KIRK CRAIG LIMITED (REGISTERED NUMBER: 04486207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 101,282
DEPRECIATION
At 1 November 2022 45,370
Charge for year 20,256
At 31 October 2023 65,626
NET BOOK VALUE
At 31 October 2023 35,656
At 31 October 2022 55,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 130,861 195,958
Other debtors 31,268 66,942
162,129 262,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 9,894 14,197
Trade creditors 63,814 105,450
Taxation and social security 19,134 11,472
Other creditors 8,619 6,567
101,461 137,686

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 4,473 14,367

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Hire purchase contracts 14,367 28,564

Hire purchase contracts are secured on the assets financed.