IRIS Accounts Production v25.1.0.734 SC295811 Board of Directors Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2958112024-01-31SC2958112025-01-31SC2958112024-02-012025-01-31SC2958112023-01-31SC2958112023-02-012024-01-31SC2958112024-01-31SC295811ns15:Scotland2024-02-012025-01-31SC295811ns14:PoundSterling2024-02-012025-01-31SC295811ns10:Director12024-02-012025-01-31SC295811ns10:Director22024-02-012025-01-31SC295811ns10:PrivateLimitedCompanyLtd2024-02-012025-01-31SC295811ns10:SmallEntities2024-02-012025-01-31SC295811ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-31SC295811ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-31SC295811ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-31SC295811ns10:FullAccounts2024-02-012025-01-31SC295811ns10:CompanySecretary12024-02-012025-01-31SC295811ns10:RegisteredOffice2024-02-012025-01-31SC295811ns5:CurrentFinancialInstruments2025-01-31SC295811ns5:CurrentFinancialInstruments2024-01-31SC295811ns5:Non-currentFinancialInstruments2025-01-31SC295811ns5:Non-currentFinancialInstruments2024-01-31SC295811ns5:ShareCapital2025-01-31SC295811ns5:ShareCapital2024-01-31SC295811ns5:RetainedEarningsAccumulatedLosses2025-01-31SC295811ns5:RetainedEarningsAccumulatedLosses2024-01-31SC295811ns5:PlantMachinery2024-02-012025-01-31SC295811ns5:MotorVehicles2024-02-012025-01-31SC295811ns5:ComputerEquipment2024-02-012025-01-31SC295811ns5:PlantMachinery2024-01-31SC295811ns5:MotorVehicles2024-01-31SC295811ns5:ComputerEquipment2024-01-31SC295811ns5:PlantMachinery2025-01-31SC295811ns5:MotorVehicles2025-01-31SC295811ns5:ComputerEquipment2025-01-31SC295811ns5:PlantMachinery2024-01-31SC295811ns5:MotorVehicles2024-01-31SC295811ns5:ComputerEquipment2024-01-31SC295811ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-31SC295811ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-012025-01-31SC295811ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2025-01-31SC295811ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-31SC295811ns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-01-31SC295811ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-31
REGISTERED NUMBER: SC295811 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Craig Field (Scotland) Limited

Craig Field (Scotland) Limited (Registered number: SC295811)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Craig Field (Scotland) Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: C Field
S McDonald





SECRETARY: Miss H R Campbell





REGISTERED OFFICE: c/o Gordon Ferguson & Co
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY





REGISTERED NUMBER: SC295811 (Scotland)





ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY

Craig Field (Scotland) Limited (Registered number: SC295811)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 74,008 57,831

CURRENT ASSETS
Stocks 103,852 198,608
Debtors 5 188,947 158,093
Cash at bank 78,914 112,593
371,713 469,294
CREDITORS
Amounts falling due within one year 6 229,992 317,325
NET CURRENT ASSETS 141,721 151,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,729

209,800

CREDITORS
Amounts falling due after more than one
year

7

33,166

24,879
NET ASSETS 182,563 184,921

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 182,463 184,821
SHAREHOLDERS' FUNDS 182,563 184,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by:



C Field - Director



S McDonald - Director


Craig Field (Scotland) Limited (Registered number: SC295811)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Craig Field (Scotland) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 16 (2024 - 14 ) .

Craig Field (Scotland) Limited (Registered number: SC295811)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 16,133 101,573 3,656 121,362
Additions - 34,293 - 34,293
At 31 January 2025 16,133 135,866 3,656 155,655
DEPRECIATION
At 1 February 2024 15,194 45,615 2,722 63,531
Charge for year 234 17,574 308 18,116
At 31 January 2025 15,428 63,189 3,030 81,647
NET BOOK VALUE
At 31 January 2025 705 72,677 626 74,008
At 31 January 2024 939 55,958 934 57,831

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024 73,638
Additions 34,293
At 31 January 2025 107,931
DEPRECIATION
At 1 February 2024 22,547
Charge for year 16,357
At 31 January 2025 38,904
NET BOOK VALUE
At 31 January 2025 69,027
At 31 January 2024 51,091

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Retentions 38,169 15,000
Inter company loan account 127,761 127,789
VAT 23,017 15,304
188,947 158,093

Craig Field (Scotland) Limited (Registered number: SC295811)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 12,500 22,500
Hire purchase contracts 19,314 14,019
Trade creditors 155,535 198,661
Tax 32,036 52,165
Social security and other taxes (1,860 ) 6,801
Pension Fund 357 -
Directors' current accounts 8,348 9,000
Accrued expenses 3,762 14,179
229,992 317,325

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts 33,166 24,879