IRIS Accounts Production v24.2.0.383 07136050 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071360502023-01-31071360502024-01-31071360502023-02-012024-01-31071360502022-01-31071360502022-02-012023-01-31071360502023-01-3107136050ns15:EnglandWales2023-02-012024-01-3107136050ns14:PoundSterling2023-02-012024-01-3107136050ns10:Director12023-02-012024-01-3107136050ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107136050ns10:SmallEntities2023-02-012024-01-3107136050ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3107136050ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107136050ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107136050ns10:FullAccounts2023-02-012024-01-3107136050ns10:Director22023-02-012024-01-3107136050ns10:RegisteredOffice2023-02-012024-01-3107136050ns5:CurrentFinancialInstruments2024-01-3107136050ns5:CurrentFinancialInstruments2023-01-3107136050ns5:Non-currentFinancialInstruments2024-01-3107136050ns5:Non-currentFinancialInstruments2023-01-3107136050ns5:ShareCapital2024-01-3107136050ns5:ShareCapital2023-01-3107136050ns5:RetainedEarningsAccumulatedLosses2024-01-3107136050ns5:RetainedEarningsAccumulatedLosses2023-01-3107136050ns5:PlantMachinery2023-01-3107136050ns5:PlantMachinery2023-02-012024-01-3107136050ns5:PlantMachinery2024-01-3107136050ns5:PlantMachinery2023-01-3107136050ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3107136050ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: 07136050 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Craig Young Consulting Limited

Craig Young Consulting Limited (Registered number: 07136050)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craig Young Consulting Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs R L Young
C Young





REGISTERED OFFICE: Units 1 & 2 Artillery Business Park
Oswestry
SY11 4AD





REGISTERED NUMBER: 07136050 (England and Wales)





ACCOUNTANTS: Welch and Ellis
The Fort
Artillery Business Park
Oswestry
Shropshire
SY11 4AD

Craig Young Consulting Limited (Registered number: 07136050)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,236 29,035

CURRENT ASSETS
Stocks 435,990 399,213
Debtors 5 103,209 166,932
Cash at bank 98,530 112,933
637,729 679,078
CREDITORS
Amounts falling due within one year 6 294,175 249,789
NET CURRENT ASSETS 343,554 429,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,790

458,324

CREDITORS
Amounts falling due after more than
one year

7

11,583

23,996
NET ASSETS 385,207 434,328

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 385,205 434,326
385,207 434,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Young Consulting Limited (Registered number: 07136050)

Balance Sheet - continued
31 January 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 15 October 2024 and were signed on its behalf by:





C Young - Director


Craig Young Consulting Limited (Registered number: 07136050)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Craig Young Consulting 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their
estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles 25% Reducing Balance method
Fixtures & Fittings 10% Reducing Balance method
Computer Equipment 12% Reducing Balance method

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 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 balance sheet date.


Craig Young Consulting Limited (Registered number: 07136050)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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 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.

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.

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 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 43,734
Additions 40,810
At 31 January 2024 84,544
DEPRECIATION
At 1 February 2023 14,699
Charge for year 16,609
At 31 January 2024 31,308
NET BOOK VALUE
At 31 January 2024 53,236
At 31 January 2023 29,035

Craig Young Consulting Limited (Registered number: 07136050)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 91,053 166,932
Other debtors 12,156 -
103,209 166,932

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 259,031 178,676
Taxation and social security 18,033 61,113
Other creditors 7,111 -
294,175 249,789

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 11,583 23,996