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REGISTERED NUMBER: 05905703 (England and Wales)















CRAIG TRANSPORT LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023






CRAIG TRANSPORT LTD (REGISTERED NUMBER: 05905703)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

CRAIG TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: A Craig





SECRETARY: Mrs T E Craig





REGISTERED OFFICE: 9 Mayfield Gardens
Gawthorpe
OSSETT
West Yorkshire
WF5 9PW





REGISTERED NUMBER: 05905703 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

CRAIG TRANSPORT LTD (REGISTERED NUMBER: 05905703)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 86,319 107,898
86,319 107,898

CURRENT ASSETS
Debtors 6 79,516 68,837

CREDITORS
Amounts falling due within one year 7 126,641 116,533
NET CURRENT LIABILITIES (47,125 ) (47,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,194

60,202

CREDITORS
Amounts falling due after more than one
year

8

36,954

59,368
NET ASSETS 2,240 834

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 2,040 634
SHAREHOLDERS' FUNDS 2,240 834

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

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

CRAIG TRANSPORT LTD (REGISTERED NUMBER: 05905703)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 director and authorised for issue on 22 April 2024 and were signed by:





A Craig - Director


CRAIG TRANSPORT LTD (REGISTERED NUMBER: 05905703)

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

1. STATUTORY INFORMATION

Craig Transport 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance
Motor Vehicles - 20% on reducing balance
Computer Equipment - 33% on cost

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 statement of financial position date.

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.

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 TRANSPORT LTD (REGISTERED NUMBER: 05905703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 55,000
AMORTISATION
At 1 September 2022
and 31 August 2023 55,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
Machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 9,750 320,980 1,657 332,387
DEPRECIATION
At 1 September 2022 8,993 213,843 1,653 224,489
Charge for year 151 21,428 - 21,579
At 31 August 2023 9,144 235,271 1,653 246,068
NET BOOK VALUE
At 31 August 2023 606 85,709 4 86,319
At 31 August 2022 757 107,137 4 107,898

CRAIG TRANSPORT LTD (REGISTERED NUMBER: 05905703)

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

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Vehicles
£   
COST
At 1 September 2022 290,051
Transfer to ownership (135,510 )
At 31 August 2023 154,541
DEPRECIATION
At 1 September 2022 186,488
Charge for year 12,128
Transfer to ownership (92,587 )
At 31 August 2023 106,029
NET BOOK VALUE
At 31 August 2023 48,512
At 31 August 2022 103,563

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,322 23,918
Other debtors 61,194 44,919
79,516 68,837

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,276 19,011
Hire purchase contracts 19,470 22,445
Taxation and social security 77,385 69,674
Other creditors 13,510 5,403
126,641 116,533

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 36,554 40,763
Hire purchase contracts 400 18,605
36,954 59,368

CRAIG TRANSPORT LTD (REGISTERED NUMBER: 05905703)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,461 15,271

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 B Shares £1 100 100
200 200

10. DIRECTORS TRANSACTIONS

The following interest free loans to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
A Craig
Balance outstanding at start of year 25,641 54,030
Amounts advanced 30,555 83,507
Amounts repaid (25,641 ) (111,896 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,555 25,641

CRAIG TRANSPORT LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
CRAIG TRANSPORT 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 Statement of Financial Position. 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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


22 April 2024