Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3012023-07-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07688067 2023-07-01 2024-06-30 07688067 2022-07-01 2023-06-30 07688067 2024-06-30 07688067 2023-06-30 07688067 c:Director1 2023-07-01 2024-06-30 07688067 d:PlantMachinery 2023-07-01 2024-06-30 07688067 d:PlantMachinery 2024-06-30 07688067 d:PlantMachinery 2023-06-30 07688067 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07688067 d:CurrentFinancialInstruments 2024-06-30 07688067 d:CurrentFinancialInstruments 2023-06-30 07688067 d:Non-currentFinancialInstruments 2024-06-30 07688067 d:Non-currentFinancialInstruments 2023-06-30 07688067 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07688067 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07688067 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 07688067 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07688067 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 07688067 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 07688067 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 07688067 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 07688067 d:ShareCapital 2024-06-30 07688067 d:ShareCapital 2023-06-30 07688067 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 07688067 d:RetainedEarningsAccumulatedLosses 2024-06-30 07688067 d:RetainedEarningsAccumulatedLosses 2023-06-30 07688067 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 07688067 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 07688067 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 07688067 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 07688067 c:OrdinaryShareClass1 2023-07-01 2024-06-30 07688067 c:OrdinaryShareClass1 2024-06-30 07688067 c:OrdinaryShareClass1 2023-06-30 07688067 c:FRS102 2023-07-01 2024-06-30 07688067 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07688067 c:FullAccounts 2023-07-01 2024-06-30 07688067 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07688067 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07688067










CRAIG PUGH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CRAIG PUGH LIMITED
REGISTERED NUMBER:07688067

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
790
1,054

  
790
1,054

Current assets
  

Debtors: amounts falling due within one year
 6 
1,154
8,000

Cash at bank and in hand
 7 
185
256

  
1,339
8,256

Creditors: amounts falling due within one year
 8 
(5,164)
(6,207)

Net current (liabilities)/assets
  
 
 
(3,825)
 
 
2,049

Total assets less current liabilities
  
(3,035)
3,103

Creditors: amounts falling due after more than one year
 9 
(5,758)
(10,247)

Provisions for liabilities
  

Deferred tax
 11 
-
(200)

  
 
 
-
 
 
(200)

Net liabilities
  
(8,793)
(7,344)


Capital and reserves
  

Called up share capital 
 12 
50
50

Profit and loss account
 13 
(8,843)
(7,394)

  
(8,793)
(7,344)


Page 1

 
CRAIG PUGH LIMITED
REGISTERED NUMBER:07688067
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 January 2025.





C M Pugh
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
CRAIG PUGH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Craig Pugh Limited, 07688067, is a private company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Red House Farm, Garthmyl, Montgomery, Powys, SY15 6RZ.
The principal activity of the Company is tree surgery.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on the going concern basis with the continuing support of the director.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CRAIG PUGH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
CRAIG PUGH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
CRAIG PUGH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
CRAIG PUGH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2023
14,510



At 30 June 2024

14,510



Depreciation


At 1 July 2023
13,456


Charge for the year on owned assets
264



At 30 June 2024

13,720



Net book value



At 30 June 2024
790



At 30 June 2023
1,054


6.


Debtors

2024
2023
£
£


Other debtors
1,014
8,000

Deferred taxation
140
-

1,154
8,000



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
185
256

185
256


Page 7

 
CRAIG PUGH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,408
5,160

Corporation tax
-
267

Accruals and deferred income
756
780

5,164
6,207


The following liabilities were secured:

2024
2023
£
£



Bank loan
408
1,160

408
1,160

Details of security provided:

The bank loan is secured upon the assets of the company.
The amount of £4,000 (2023: £4,000) included in creditors due within one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

Page 8

 
CRAIG PUGH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,333
8,733

Other creditors
1,425
1,514

5,758
10,247


The following liabilities were secured:

2024
2023
£
£



Bank loan
-
399

-
399

Details of security provided:

The bank loan is secured upon the assets of the company.
The amount of £4,333 (2023: £8,333) included in creditors due after one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

Page 9

 
CRAIG PUGH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,408
5,160


4,408
5,160

Amounts falling due 1-2 years

Bank loans
4,000
4,399


4,000
4,399

Amounts falling due 2-5 years

Bank loans
334
4,333


334
4,333


8,742
13,892


Page 10

 
CRAIG PUGH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Deferred taxation




2024


£






At beginning of year
(200)


Charged to profit or loss
340



At end of year
140

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
150
200

Tax losses carried forward
(290)
-

(140)
200


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary shares of £1.00 each
50
50



13.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders.


14.


Related party transactions

Included within debtors due within one year is an amount of £904 (2023: £8,000) from Great British Woodwool Limited, a company in which Mr C M Pugh, director, is also a director.

 
Page 11