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REGISTERED NUMBER: 08056776 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Craig Haile Precast Services Ltd

Craig Haile Precast Services Ltd (Registered number: 08056776)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Craig Haile Precast Services Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr. C. Haile





SECRETARY:





REGISTERED OFFICE: 18 Nursery Road
Atherstone
Warwickshire
CV9 1PN





REGISTERED NUMBER: 08056776 (England and Wales)





ACCOUNTANTS: Screatons Ltd
Former Atherstone College
Ratcliffe Road
Atherstone
Warwickshire
CV9 1LF

Craig Haile Precast Services Ltd (Registered number: 08056776)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,048 25,398

CURRENT ASSETS
Debtors 5 443 599
Cash at bank 30,530 16,281
30,973 16,880
CREDITORS
Amounts falling due within one year 6 42,871 32,586
NET CURRENT LIABILITIES (11,898 ) (15,706 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,150

9,692

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 7,050 9,592
SHAREHOLDERS' FUNDS 7,150 9,692

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

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

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 director and authorised for issue on 19 February 2024 and were signed by:



Mr. C. Haile - Director


Craig Haile Precast Services Ltd (Registered number: 08056776)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Craig Haile Precast Services Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 4 (2022 - 4 ) .

Craig Haile Precast Services Ltd (Registered number: 08056776)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022
and 31 May 2023 8,731 2,322 38,263 1,994 51,310
DEPRECIATION
At 1 June 2022 3,941 1,796 18,920 1,255 25,912
Charge for year 1,198 131 4,836 185 6,350
At 31 May 2023 5,139 1,927 23,756 1,440 32,262
NET BOOK VALUE
At 31 May 2023 3,592 395 14,507 554 19,048
At 31 May 2022 4,790 526 19,343 739 25,398

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
VAT 443 599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts - 1,188
Tax 892 3,795
Social security and other taxes 8 8
Other creditors 21,909 21,909
Directors' current accounts 14,482 106
Accrued expenses 5,580 5,580
42,871 32,586

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

Craig Haile Precast Services Ltd (Registered number: 08056776)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. RESERVES
Retained
earnings
£   

At 1 June 2022 9,592
Deficit for the year (2,542 )
At 31 May 2023 7,050

9. RELATED PARTY DISCLOSURES

Mr C Haile is both a director and 50% shareholder of the company. His wife, Mrs N Haile, is also a shareholder of the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Craig Haile Precast Services Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Craig Haile Precast Services Ltd for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Craig Haile Precast Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Craig Haile Precast Services Ltd and state those matters that we have agreed to state to the director of Craig Haile Precast Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Craig Haile Precast Services Ltd and its director for our work or for this report.

It is your duty to ensure that Craig Haile Precast Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Craig Haile Precast Services Ltd. You consider that Craig Haile Precast Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Craig Haile Precast Services Ltd. 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 statutory financial statements.






Screatons Ltd
Former Atherstone College
Ratcliffe Road
Atherstone
Warwickshire
CV9 1LF


19 February 2024