SC245718falseslaters2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:SharePremium2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/pt:SharePremium2024-03-31http://www.companieshouse.gov.uk/cd:Director32023-04-012024-03-31http://www.companieshouse.gov.uk/cd:Director42023-04-012024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC245718

D Craig & Sons (Slaters) Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Cass N Co Ltd
Accountants - IFA
18 Mallpark Road
Montrose
Angus
DD10 8NS

D Craig & Sons (Slaters) Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
D R Craig
D G Craig
I M Craig
Mrs K Craig
SECRETARY
Mrs Kathleen Craig
REGISTERED OFFICE
12 York Terrace
Montrose
DD10 8LG
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC245718
ACCOUNTANTS
Cass N Co Ltd
Accountants - IFA
18 Mallpark Road
Montrose
Angus
DD10 8NS

D Craig & Sons (Slaters) Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

D Craig & Sons (Slaters) Ltd

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Intangible assets312,50012,500
Tangible assets491,80572,168
104,30584,668
CURRENT ASSETS
Stock1,0001,050
Debtors65,9714,367
Cash at bank and in hand116,09491,268
123,06596,685
CREDITORS: Amounts falling due within one year769,12962,126
NET CURRENT ASSETS53,93634,559
TOTAL ASSETS LESS CURRENT LIABILITIES158,241119,227
CAPITAL AND RESERVES
Called up share capital8740740
Share premium account91515
Profit and loss account157,486118,472
SHAREHOLDERS' FUNDS158,241119,227

D Craig & Sons (Slaters) Ltd

BALANCE SHEET AT 31/03/2024
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/04/2024 and signed on their behalf by
.............................
D R Craig
Director
.............................
D G Craig
director
.............................
I M Craig
Director

D Craig & Sons (Slaters) Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Plant and Machinerystraight line 18%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

D Craig & Sons (Slaters) Ltd

2. EMPLOYEES
20242023
No.No.
Average number of employees54
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/202350,00050,000
At 31/03/202450,00050,000
Depreciation
At 01/04/202337,50037,500
At 31/03/202437,50037,500
Net Book Amounts
At 31/03/202412,50012,500
At 31/03/202312,50012,500
4. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 01/04/202347,85073,287121,137
Additions-65,64565,645
Disposals-(44,797)(44,797)
At 31/03/202447,85094,135141,985
Depreciation
At 01/04/202311,48437,48548,969
Disposals-(16,690)(16,690)
For the year95716,94417,901
At 31/03/202412,44137,73950,180
Net Book Amounts
At 31/03/202435,40956,39691,805
At 31/03/202336,36635,80272,168

D Craig & Sons (Slaters) Ltd

5. STOCK 20242023
££
Stock comprises:
Stock1,0001,050
1,0001,050
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors5,9714,290
Other debtors - CIS tax-77
5,9714,367
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax10,62010,583
VAT7,5906,368
PAYE control255-
Directors current account - David Craig6,40611,247
Directors current account - Kathleen Craig21,08226,580
Trade creditors21,4365,363
Accruals1,7401,985
69,12962,126
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
740 Ordinary shares of £1 each740740
740740
9. SHARE PREMIUM ACCOUNT 20242023
££
Share premium account1515