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REGISTERED NUMBER: 08188796 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CRAIGLAMB LTD

CRAIGLAMB LTD (REGISTERED NUMBER: 08188796)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRAIGLAMB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







Directors: Dr J Laber-Craig
Dr D C Lamb





Registered office: Aura Innovation Centre
Bridgehead Business Park
Meadow Road
Hessle
East Riding
HU13 0GD





Registered number: 08188796 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

CRAIGLAMB LTD (REGISTERED NUMBER: 08188796)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,139 2,311

CURRENT ASSETS
Debtors 5 634,689 406,526
Cash at bank 47,757 173,445
682,446 579,971
CREDITORS
Amounts falling due within one year 6 142,466 136,040
NET CURRENT ASSETS 539,980 443,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,119

446,242

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 540,919 446,042
SHAREHOLDERS' FUNDS 541,119 446,242

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:




Dr J Laber-Craig - Director



Dr D C Lamb - Director


CRAIGLAMB LTD (REGISTERED NUMBER: 08188796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Craiglamb Ltd 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.
Computer equipment - 33% on reducing balance

Financial instruments
Short term financial assets, including trade and other debtors and cash and bank balances, are measured at transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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 17 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 10,483
DEPRECIATION
At 1 September 2023 8,172
Charge for year 1,172
At 31 August 2024 9,344
NET BOOK VALUE
At 31 August 2024 1,139
At 31 August 2023 2,311

CRAIGLAMB LTD (REGISTERED NUMBER: 08188796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 81,043 10,328
Amounts owed by group undertakings 553,448 396,000
Other debtors 198 198
634,689 406,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 2,249 1,101
Taxation and social security 70,996 107,338
Other creditors 69,221 27,601
142,466 136,040

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
160 A ordinary 1p 160 160
40 B ordinary 1p 40 40
200 200

8. DIRECTORS INTEREST PAYABLE

During the year, the directors were owed a total of £56,253 in interest for the sale of their shares. The interest arises due to the payment being spread over a number of years. The interest has not been paid over to the directors and is being held in their directors loan accounts. The amount will be paid when the company has the funds to do so.