W.& I. Craig (Civil Engineering) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00781677 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2019

for

W.& I. Craig (Civil Engineering) Limited

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

5

25,257

10,384

CURRENT ASSETS

Debtors

240,705

239,883

Cash at bank

81,222

65,650

321,927

305,533

CREDITORS

Amounts falling due within one year

208,385

163,441

NET CURRENT ASSETS

113,542

142,092

TOTAL ASSETS LESS CURRENT LIABILITIES

138,799

152,476

PROVISIONS FOR LIABILITIES

1,802

1,709

NET ASSETS

136,997

150,767

CAPITAL AND RESERVES

Called up share capital

27

27

Retained earnings

136,970

150,740

SHAREHOLDERS' FUNDS

136,997

150,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 12th May 2020 and were signed on its behalf by:

Mr C J Craig - Director

1.	STATUTORY INFORMATION

W.& I. Craig (Civil Engineering) Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address are as below:

Registered number:

00781677

Registered office:

Rigg Approach

Leyton

London

E10 7QN

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Sales comprise the fair value of the consideration received or receivable for the sale of goods / and / rendering of

services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates

and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that

future economic benefits will flow to the entity and when specific criteria have been met for each of the

company's activities as follows:

Revenue from the sale of goods is recognised at the point at which the goods have been delivered to the

customer.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2018

100,475

Additions

19,035

At 31st July 2019

119,510

DEPRECIATION

At 1st August 2018

90,091

Charge for year

4,162

At 31st July 2019

94,253

NET BOOK VALUE

At 31st July 2019

25,257

At 31st July 2018

10,384