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REGISTERED NUMBER: SC534406 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

CRAIG FRASER JOINERY LIMITED

CRAIG FRASER JOINERY LIMITED (REGISTERED NUMBER: SC534406)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRAIG FRASER JOINERY LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: C Fraser
Mrs N Fraser





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC534406 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

CRAIG FRASER JOINERY LIMITED (REGISTERED NUMBER: SC534406)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,702 16,853

CURRENT ASSETS
Debtors 5 9,516 9,060
Cash at bank 34,505 17,506
44,021 26,566
CREDITORS
Amounts falling due within one year 6 53,765 36,615
NET CURRENT LIABILITIES (9,744 ) (10,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

958

6,804

CREDITORS
Amounts falling due after more than one
year

7

-

6,035
NET ASSETS 958 769

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 957 768
958 769

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 FRASER JOINERY LIMITED (REGISTERED NUMBER: SC534406)

Balance Sheet - continued
31 MAY 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 28 January 2025 and were signed on its behalf by:





C Fraser - Director


CRAIG FRASER JOINERY LIMITED (REGISTERED NUMBER: SC534406)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Craig Fraser Joinery 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 a straight line basis
Fixtures and fittings - 15% on a straight line basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 33% on a straight line basis

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.

CRAIG FRASER JOINERY LIMITED (REGISTERED NUMBER: SC534406)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 2,141 1,856 22,250 1,238 27,485
Additions - 782 - 908 1,690
Disposals - - (5,000 ) - (5,000 )
At 31 May 2024 2,141 2,638 17,250 2,146 24,175
DEPRECIATION
At 1 June 2023 1,970 1,095 6,922 645 10,632
Charge for year 86 403 2,894 708 4,091
Eliminated on disposal - - (1,250 ) - (1,250 )
At 31 May 2024 2,056 1,498 8,566 1,353 13,473
NET BOOK VALUE
At 31 May 2024 85 1,140 8,684 793 10,702
At 31 May 2023 171 761 15,328 593 16,853

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,516 9,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 610 3,000
Trade creditors 2,337 500
Taxation and social security 20,178 20,607
Other creditors 30,640 12,508
53,765 36,615

CRAIG FRASER JOINERY LIMITED (REGISTERED NUMBER: SC534406)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 6,035