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REGISTERED NUMBER: 07185611 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CRAIG DAGGITT LIMITED

CRAIG DAGGITT LIMITED (REGISTERED NUMBER: 07185611)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CRAIG DAGGITT LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: C M Daggitt
Mrs L J Daggitt





REGISTERED OFFICE: 3 Mellor Road
Cheadle Hulme
Cheadle
Cheshire
SK8 5AT





REGISTERED NUMBER: 07185611 (England and Wales)





ACCOUNTANTS: Moss & Williamson Limited
Chartered Accountants
3 Mellor Road
Cheadle Hulme
Cheadle
Cheshire
SK8 5AT

CRAIG DAGGITT LIMITED (REGISTERED NUMBER: 07185611)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 51,245 64,145

CURRENT ASSETS
Stocks 172,000 136,782
Debtors 43,300 35,555
Cash at bank and in hand 10,508 17,632
225,808 189,969
CREDITORS
Amounts falling due within one year (230,997 ) (183,488 )
NET CURRENT (LIABILITIES)/ASSETS (5,189 ) 6,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,056

70,626

CREDITORS
Amounts falling due after more than one
year

(44,578

)

(68,147

)
NET ASSETS 1,478 2,479

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,378 2,379
SHAREHOLDERS' FUNDS 1,478 2,479

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 DAGGITT LIMITED (REGISTERED NUMBER: 07185611)

ABRIDGED BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





C M Daggitt - Director


CRAIG DAGGITT LIMITED (REGISTERED NUMBER: 07185611)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Craig Daggitt 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Golfing equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

CRAIG DAGGITT LIMITED (REGISTERED NUMBER: 07185611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 107,059
Additions 2,994
At 31 December 2023 110,053
DEPRECIATION
At 1 January 2023 42,914
Charge for year 15,894
At 31 December 2023 58,808
NET BOOK VALUE
At 31 December 2023 51,245
At 31 December 2022 64,145

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023
and 31 December 2023 58,774
DEPRECIATION
At 1 January 2023 14,694
Charge for year 11,020
At 31 December 2023 25,714
NET BOOK VALUE
At 31 December 2023 33,060
At 31 December 2022 44,080

6. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 13,569 13,569
Between one and five years 23,745 37,314
37,314 50,883

CRAIG DAGGITT LIMITED (REGISTERED NUMBER: 07185611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. RELATED PARTY DISCLOSURES

At the start of current year, the company was owed the sum of £35,000 from S Golf Limited, a company in which Mr C M Daggitt is a director.

During the year, a further loan was issued to S Golf totalling £38,370.

Repayments of £30,070 , were made during the year.

The balance of £43,300 remained payable at the date of the balance sheet.

8. ULTIMATE CONTROLLING PARTY

The controlling party is C M Daggitt.