REGISTERED NUMBER: SC350519 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Craig Motors Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D Craig

Mrs L Craig

C J Craig

REGISTERED OFFICE:

1 Mansfield Park

Hawick

Roxburghshire

TD9 8AL

REGISTERED NUMBER:

SC350519 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

74,856

57,707

74,856

57,707

CURRENT ASSETS

Inventories

4,757

6,754

Debtors

6

20,812

29,095

Cash at bank

121,760

129,591

147,329

165,440

CREDITORS

Amounts falling due within one year

7

174,441

151,721

NET CURRENT (LIABILITIES)/ASSETS

(27,112

)

13,719

TOTAL ASSETS LESS CURRENT LIABILITIES

47,744

71,426

CREDITORS

Amounts falling due after more than one year

8

(10,021

)

(20,042

)

PROVISIONS FOR LIABILITIES

(10,500

)

(6,500

)

NET ASSETS

27,223

44,884

CAPITAL AND RESERVES

Called up share capital

126

126

Share premium

20,956

20,956

Retained earnings

6,141

23,802

SHAREHOLDERS' FUNDS

27,223

44,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 8 July 2026 and were signed on its behalf by:

D Craig - Director

1.	STATUTORY INFORMATION

Craig Motors 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

Revenue 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 2009, 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

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

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

17,000

AMORTISATION

At 1 December 2024

and 30 November 2025

17,000

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 December 2024

66,567

96,390

15,930

Additions

-

2,444

-

Disposals

-

-

-

At 30 November 2025

66,567

98,834

15,930

DEPRECIATION

At 1 December 2024

46,131

70,879

13,149

Charge for year

2,248

5,236

695

Eliminated on disposal

-

-

-

At 30 November 2025

48,379

76,115

13,844

NET BOOK VALUE

At 30 November 2025

18,188

22,719

2,086

At 30 November 2024

20,436

25,511

2,781

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

18,245

6,664

203,796

Additions

30,130

-

32,574

Disposals

(4,595

)

-

(4,595

)

At 30 November 2025

43,780

6,664

231,775

DEPRECIATION

At 1 December 2024

9,931

5,999

146,089

Charge for year

4,086

166

12,431

Eliminated on disposal

(1,601

)

-

(1,601

)

At 30 November 2025

12,416

6,165

156,919

NET BOOK VALUE

At 30 November 2025

31,364

499

74,856

At 30 November 2024

8,314

665

57,707

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

18,615

27,649

Prepayments

2,197

1,446

20,812

29,095

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

103,695

89,141

Tax

9,238

19,387

Social security and other taxes

4,813

4,427

VAT

20,112

21,786

Directors' current accounts

32,695

12,965

Accrued expenses

3,888

4,015

174,441

151,721

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Other loans - 1-2 years

10,000

10,000

Other loans - 2-5 years

21

10,042

10,021

20,042

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loan

10,021

20,042

The loan is secured over the property and assets.

David and Laura Craig hold a floating charge covering all the property or undertaking of the company.