REGISTERED NUMBER: SC436338 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Craig & Beverly Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M-L Wyness

Mr S D Wyness

REGISTERED OFFICE:

7 Constitution Street

Inverurie

Aberdeenshire

AB51 4SQ

REGISTERED NUMBER:

SC436338 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

80,955

105,952

80,955

105,952

CURRENT ASSETS

Stocks

12,865

10,822

Debtors

6

26,154

62,195

Cash at bank and in hand

201,681

112,015

240,700

185,032

CREDITORS

Amounts falling due within one year

7

49,621

32,300

NET CURRENT ASSETS

191,079

152,732

TOTAL ASSETS LESS CURRENT LIABILITIES

272,034

258,684

PROVISIONS FOR LIABILITIES

14,977

19,289

NET ASSETS

257,057

239,395

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

256,957

239,295

257,057

239,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 22 May 2026 and were signed on its behalf by:

Mr S D Wyness - Director

1.	STATUTORY INFORMATION

Craig & Beverly Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Motor vehicles 25% straight line

Computer equipment 33% straight line

Plant & machinery 25% straight line

Fixtures & fittings 20% straight line

Short leasehold property 10% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

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 7 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

158,000

AMORTISATION

At 1 April 2025

and 31 March 2026

158,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2025

22,166

42,959

5,219

Additions

-

-

-

Disposals

-

-

-

At 31 March 2026

22,166

42,959

5,219

DEPRECIATION

At 1 April 2025

17,736

42,111

4,869

Charge for year

2,217

650

258

Eliminated on disposal

-

-

-

At 31 March 2026

19,953

42,761

5,127

NET BOOK VALUE

At 31 March 2026

2,213

198

92

At 31 March 2025

4,430

848

350

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

296,370

10,252

376,966

Additions

25,795

6,085

31,880

Disposals

(13,057

)

-

(13,057

)

At 31 March 2026

309,108

16,337

395,789

DEPRECIATION

At 1 April 2025

196,055

10,243

271,014

Charge for year

52,409

1,343

56,877

Eliminated on disposal

(13,057

)

-

(13,057

)

At 31 March 2026

235,407

11,586

314,834

NET BOOK VALUE

At 31 March 2026

73,701

4,751

80,955

At 31 March 2025

100,315

9

105,952

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

16,049

26,751

Other debtors

10,105

35,444

26,154

62,195

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

25,087

11,573

Taxation and social security

14,286

4,867

Other creditors

10,248

15,860

49,621

32,300

8.	RELATED PARTY DISCLOSURES

The company paid a total of £29,500 (2025: £29,500) for rent during the year of which £9,500 (2025 - £9,500) was paid to the directors' SIPP for the rental of property at Rowans Garage, Insch and £20,000 (2025 - £20,000) to Craig Properties for rental of property at Constitution Street, a partnership that Mrs M-L Wyness is a partner of.

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the year.