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REGISTERED NUMBER: SC575436 (Scotland)















Financial Statements for the Period 1 October 2023 to 30 April 2024

for

Craig Ferguson Foods Limited

Craig Ferguson Foods Limited (Registered number: SC575436)






Contents of the Financial Statements
for the Period 1 October 2023 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Craig Ferguson Foods Limited

Company Information
for the Period 1 October 2023 to 30 April 2024







DIRECTORS: C Ferguson
Mrs S M Ferguson





REGISTERED OFFICE: 3 East Drumloch Farm
Hamilton
ML3 8RL





REGISTERED NUMBER: SC575436 (Scotland)






Craig Ferguson Foods Limited (Registered number: SC575436)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,000
Tangible assets 5 - 2,677
- 8,677

CURRENT ASSETS
Stocks - 2,500
Debtors 6 331 -
Cash at bank and in hand 9,088 8,797
9,419 11,297
CREDITORS
Amounts falling due within one year 7 4,588 14,254
NET CURRENT ASSETS/(LIABILITIES) 4,831 (2,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,831

5,720

CREDITORS
Amounts falling due after more than one
year

8

(4,613

)

(5,800

)

PROVISIONS FOR LIABILITIES (509 ) (509 )
NET LIABILITIES (291 ) (589 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (293 ) (591 )
SHAREHOLDERS' FUNDS (291 ) (589 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 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 Ferguson Foods Limited (Registered number: SC575436)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





C Ferguson - Director


Craig Ferguson Foods Limited (Registered number: SC575436)

Notes to the Financial Statements
for the Period 1 October 2023 to 30 April 2024

1. STATUTORY INFORMATION

Craig Ferguson Foods Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Craig Ferguson Foods Limited (Registered number: SC575436)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023 12,000
Disposals (12,000 )
At 30 April 2024 -
AMORTISATION
At 1 October 2023 6,000
Charge for period 700
Eliminated on disposal (6,700 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 September 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 5,718
Disposals (5,718 )
At 30 April 2024 -
DEPRECIATION
At 1 October 2023 3,041
Charge for period 313
Eliminated on disposal (3,354 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 September 2023 2,677

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 331 -

Craig Ferguson Foods Limited (Registered number: SC575436)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,400 2,400
Taxation and social security 328 980
Other creditors 1,860 10,874
4,588 14,254

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,613 5,800

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Craig Ferguson Foods Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Ferguson Foods Limited for the period ended 30 April 2024 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Craig Ferguson Foods Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Craig Ferguson Foods Limited and state those matters that we have agreed to state to the Board of Directors of Craig Ferguson Foods Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Craig Ferguson Foods Limited 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 profit of Craig Ferguson Foods Limited. You consider that Craig Ferguson Foods Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Craig Ferguson Foods Limited. 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.








18 September 2024