W.& I. Craig (Civil Engineering) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00781677 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2017

for

W.& I. Craig (Civil Engineering) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D R Craig

Mr C J Craig

Mr W A J S Craig

SECRETARY:

Mr C J Craig

REGISTERED OFFICE:

Rigg Approach

Leyton

London

E10 7QN

REGISTERED NUMBER:

00781677 (England and Wales)

ACCOUNTANTS:

A4G LLP

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

FIXED ASSETS

Tangible assets

5

11,595

6,384

CURRENT ASSETS

Debtors

289,885

331,362

Cash at bank and in hand

61,906

66,710

351,791

398,072

CREDITORS

Amounts falling due within one year

229,548

196,333

NET CURRENT ASSETS

122,243

201,739

TOTAL ASSETS LESS CURRENT LIABILITIES

133,838

208,123

PROVISIONS FOR LIABILITIES

1,871

574

NET ASSETS

131,967

207,549

CAPITAL AND RESERVES

Called up share capital

27

27

Retained earnings

131,940

207,522

SHAREHOLDERS' FUNDS

131,967

207,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2017 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 on 28 December 2017 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 can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 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.

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 3 (2016 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2016

96,334

Additions

9,287

Disposals

(7,512

)

At 31 July 2017

98,109

DEPRECIATION

At 1 August 2016

89,950

Charge for year

3,878

Eliminated on disposal

(7,314

)

At 31 July 2017

86,514

NET BOOK VALUE

At 31 July 2017

11,595

At 31 July 2016

6,384