2023-04-01 09562309 2024-03-31 09562309 2023-04-01 2024-03-31 09562309 2023-03-31 09562309 2022-04-01 2023-03-31 09562309 uk-core:WithinOneYear 2023-03-31 09562309 uk-core:WithinOneYear 2024-03-31 09562309 uk-core:ShareCapital 2024-03-31 09562309 uk-core:ShareCapital 2023-03-31 09562309 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 09562309 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 09562309 uk-bus:Director1 2023-04-01 2024-03-31 09562309 uk-core:Buildings 2023-04-01 2024-03-31 09562309 uk-core:PlantMachinery 2023-04-01 2024-03-31 09562309 uk-core:ToolsEquipment 2023-04-01 2024-03-31 09562309 uk-core:OtherVehicles 2023-04-01 2024-03-31 09562309 uk-core:FurnitureFittings 2023-04-01 2024-03-31 09562309 uk-core:ToolsEquipment 2023-03-31 09562309 uk-core:FurnitureFittings 2023-03-31 09562309 uk-core:OtherVehicles 2023-03-31 09562309 uk-core:PlantMachinery 2023-03-31 09562309 uk-core:Buildings 2023-03-31 09562309 uk-core:Buildings 2024-03-31 09562309 uk-core:OtherVehicles 2024-03-31 09562309 uk-core:FurnitureFittings 2024-03-31 09562309 uk-core:ToolsEquipment 2024-03-31 09562309 uk-core:PlantMachinery 2024-03-31 09562309 2 uk-bus:Director1 2023-04-01 2024-03-31 09562309 2 uk-bus:Director1 2024-03-31 09562309 2 uk-bus:Director1 2023-03-31 09562309 3 uk-bus:Director2 2023-04-01 2024-03-31 09562309 3 uk-bus:Director2 2024-03-31 09562309 3 uk-bus:Director2 2023-03-31 iso4217:GBP xbrli:pure 09562309 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09562309 uk-bus:FRS102 2023-04-01 2024-03-31 09562309 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 09562309 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Craig Williams Designs & Innovations Ltd
Registered Number:09562309
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
09562309
As at 31 March 2024
Craig Williams Designs & Innovations Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
15,835
23,021
2
15,835
23,021
Current assets
Inventories
9,354
21,345
3
Trade and other receivables
48,019
43,899
4
141,270
Cash and cash equivalents
108,325
173,569
198,643
Trade and other payables: amounts falling due within one year
(42,854)
(65,039)
5
155,789
108,530
Net current assets
Total assets less current liabilities
124,365
178,810
124,365
Net assets
178,810
Capital and reserves
Called up share capital
2
2
Retained earnings
124,363
178,808
124,365
178,810
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Craig Williams Director
These financial statements were approved and authorised for issue by the Board on 15 August 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2024
Craig Williams Designs & Innovations Ltd
Notes to the Financial Statements
Statutory Information
Craig Williams Designs & Innovations Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09562309.
Registered address:
Hill View
Station Road
Broadway
Worcestershire
WR12 7DE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Changes in accounting policies
The principal accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented unless otherwise stated. No changes have arisen as a result of the transition to Section 1A of Financial Reporting Standard 102.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
20% Straight line
Plant and machinery
20% Reducing balance
33% Reducing balance
Computer equipment
20% Straight line
Motor vehicles
33% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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4
For the year ended 31 March 2024
Craig Williams Designs & Innovations Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or valuation
At 01 April 2023
68,656
5,711
1,011
31,605
14,001
16,328
At 31 March 2024
16,328
31,605
1,011
5,711
68,656
14,001
Provision for depreciation and impairment
At 01 April 2023
45,635
5,295
1,011
12,642
10,359
16,328
Charge for year
7,186
137
-
6,321
728
-
At 31 March 2024
52,821
5,432
1,011
18,963
11,087
16,328
At 31 March 2024
Net book value
-
2,914
12,642
-
279
15,835
-
3,642
18,963
-
416
23,021
At 31 March 2023
3. Inventories
2023
2024
£
£
Stocks
21,345
9,354
4. Trade and other receivables
2023
2024
£
£
Trade debtors
8,000
1,422
Other debtors
35,899
46,597
48,019
43,899
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
31,282
31,652
Other creditors
33,757
11,202
65,039
42,854
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For the year ended 31 March 2024
Craig Williams Designs & Innovations Ltd
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 01/04/2023
Loaned
Repaid
At 31/03/2024
£
£
£
£
Mr Craig Williams
Interest free loan
14,173
19,522
14,173
19,522
14,173
19,522
14,173
19,522
Mrs Jo Williams
Interest free loan
14,173
19,522
14,173
19,522
14,173
19,522
14,173
19,522
7. Average number of persons employed
During the year the average number of employees was 3.
8. Transition to FRS 102
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the
transition to Section 1A of Financial Reporting Standard 102.
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