CRAIG ENTERPRISES LIMITED

Company Registration Number:
04278577 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

CRAIG ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

CRAIG ENTERPRISES LIMITED

Company Information

for the Period Ended 31 October 2024




Director: Patricia M Harkin
Registered office: Unit 4
Bassington Industrial Estate
Cramlington
GBR
NE23 8AF
Company Registration Number: 04278577 (England and Wales)

CRAIG ENTERPRISES LIMITED

Directors' Report Period Ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal Activities

The principal activity of the company in the year under review was that of Drainage Services.

Additional information

Turnover Turnover represents net invoiced sales of goods and services, excluding Value Added Tax. All sales are UK based. Intangible Assets Amortisation is provided at the following annual rates in order to write off each intangible fixed asset over its estimated useful life: Goodwill 10% (straight line) Tangible Fixed Assets Depreciation is provided at the following annual rates in order to write off each tangible fixed asset over its estimated useful life: Plant and machinery 10% (reducing balance) Office equipment and fixtures/fittings 15% (reducing balance) Motor Vehicles 25% (reducing balance) Hire Purchase Agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis. Stocks Stock (where appropriate) is valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items, by the directors. Pensions The company operates a pension scheme made up of employee and employer contributions under a company scheme.

Directors

The directors shown below have held office during the whole of the period from 01 November 2023 to 31 October 2024
Patricia M Harkin

This report was approved by the board of directors on 25 June 2025
And Signed On Behalf Of The Board By:

Name: Patricia M Harkin
Status: Director

CRAIG ENTERPRISES LIMITED

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 334,400 334,400
Tangible assets: 5 490,907 522,317
Total fixed assets: 825,307 856,717
Current assets
Stocks: 2,850 2,850
Debtors: 490,366 523,120
Cash at bank and in hand: 54,720 172,169
Total current assets: 547,936 698,139
Creditors: amounts falling due within one year: ( 406,871 ) ( 568,758 )
Net current assets (liabilities): 141,065 129,381
Total assets less current liabilities: 966,372 986,098
Creditors: amounts falling due after more than one year: ( 11,910 ) ( 37,294 )
Provision for liabilities: ( 39,121 ) ( 62,608 )
Total net assets (liabilities): 915,341 886,196

The notes form part of these financial statements

CRAIG ENTERPRISES LIMITED

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 50 50
Profit and loss account: 915,291 886,146
Shareholders funds: 915,341 886,196

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 25 June 2025
And Signed On Behalf Of The Board By:

Name: Patricia M Harkin
Status: Director

The notes form part of these financial statements

CRAIG ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods and services, excluding Value Added Tax. All sales are UK based.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each tangible fixed asset over its estimated
    useful life:

    Plant and machinery 10% (reducing balance)
    Office equipment and fixtures/fittings 15% (reducing balance)
    Motor Vehicles 25% (reducing balance)

    Intangible fixed assets amortisation policy

    Amortisation is provided at the following annual rates in order to write off each intangible fixed asset over its estimated
    useful life:

    Goodwill 10% (straight line)

    Other accounting policies

    Hire Purchase Agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

CRAIG ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 28 26

CRAIG ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

CRAIG ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 November 2023 457,215
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 October 2024 457,215
    Amortisation
    Amortisation at 01 November 2023 122,815
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 October 2024 122,815
    Net book value
    Net book value at 31 October 2024 334,400
    Net book value at 31 October 2023 334,400

CRAIG ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Tangible Assets

Total
Cost £
At 01 November 2023 1,225,452
Additions 61,830
Disposals -
Revaluations -
Transfers -
At 31 October 2024 1,287,282
Depreciation
At 01 November 2023 703,135
Charge for year 93,240
On disposals -
Other adjustments -
At 31 October 2024 796,375
Net book value
At 31 October 2024 490,907
At 31 October 2023 522,317