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REGISTERED NUMBER: SC420698 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Craigmile Plumbing and Heating Limited

Craigmile Plumbing and Heating Limited (Registered number: SC420698)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craigmile Plumbing and Heating Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Craigmile
Mrs Y B Craigmile





SECRETARY:





REGISTERED OFFICE: Unit 1a
14 Keithall Road
Inverurie
Aberdeenshire
AB51 3UA





REGISTERED NUMBER: SC420698 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

Craigmile Plumbing and Heating Limited (Registered number: SC420698)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 398,281 423,455

CURRENT ASSETS
Stocks 232,589 162,589
Debtors 5 335,696 177,790
Cash at bank and in hand 36,889 126,515
605,174 466,894
CREDITORS
Amounts falling due within one year 6 473,967 317,892
NET CURRENT ASSETS 131,207 149,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

529,488

572,457

CREDITORS
Amounts falling due after more than one year 7 164,059 168,827
NET ASSETS 365,429 403,630

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 365,329 403,530
SHAREHOLDERS' FUNDS 365,429 403,630

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Craigmile Plumbing and Heating Limited (Registered number: SC420698)

Balance Sheet - continued
30 June 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 11 February 2025 and were signed on its behalf by:





M Craigmile - Director


Craigmile Plumbing and Heating Limited (Registered number: SC420698)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Craigmile Plumbing and Heating 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Craigmile Plumbing and Heating Limited (Registered number: SC420698)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 NIL (2023 - 15 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 263,533 105,395 514
Additions - 329 -
At 30 June 2024 263,533 105,724 514
DEPRECIATION
At 1 July 2023 - 64,659 225
Charge for year - 10,267 72
At 30 June 2024 - 74,926 297
NET BOOK VALUE
At 30 June 2024 263,533 30,798 217
At 30 June 2023 263,533 40,736 289

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 347,395 4,027 720,864
Additions 18,498 916 19,743
At 30 June 2024 365,893 4,943 740,607
DEPRECIATION
At 1 July 2023 230,033 2,492 297,409
Charge for year 33,965 613 44,917
At 30 June 2024 263,998 3,105 342,326
NET BOOK VALUE
At 30 June 2024 101,895 1,838 398,281
At 30 June 2023 117,362 1,535 423,455

Craigmile Plumbing and Heating Limited (Registered number: SC420698)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 262,544 107,790
Loan - Craigmile Properties 71,497 70,000
VAT 1,655 -
335,696 177,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 7,265 34,891
Hire purchase contracts 46,319 70,052
Trade creditors 321,748 152,379
Tax 7,630 13,981
Social security and other taxes 24,436 41,861
VAT - 4,448
Directors' current accounts 66,569 280
473,967 317,892

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
RBS Term Loan 164,059 168,827

Amounts falling due in more than five years:

Repayable otherwise than by instalments
RBS Term Loan 164,059 168,827