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Company Registration No. 04132415 (England and Wales)
CRAFTSMAN NEWBURY LIMITED Unaudited accounts for the year ended 31 March 2018
CRAFTSMAN NEWBURY LIMITED Unaudited accounts Contents
Page
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CRAFTSMAN NEWBURY LIMITED Company Information for the year ended 31 March 2018
Directors
BETONY TAIT CHRISTINE ELIZABETH PEAKE
Company Number
04132415 (England and Wales)
Registered Office
KINGSLAND HOUSE ABBEY FOREGATE SHREWSBURY SY2 6BL
Accountants
ASPIRE & INSPIRE UK LIMITED KINGSLAND HOUSE ABBEY FOREGATE SHREWSBURY SHROPSHIRE SY2 6BL
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CRAFTSMAN NEWBURY LIMITED Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
205,349 
205,466 
Current assets
Inventories
12,500 
7,920 
Debtors
62 
538 
Cash at bank and in hand
902 
916 
13,464 
9,374 
Creditors: amounts falling due within one year
(11,910)
(7,999)
Net current assets
1,554 
1,375 
Total assets less current liabilities
206,903 
206,841 
Creditors: amounts falling due after more than one year
(136,882)
(139,333)
Provisions for liabilities
Deferred tax
(10,056)
(10,056)
Net assets
59,965 
57,452 
Capital and reserves
Share premium
100 
100 
Revaluation reserve
56,479 
56,479 
Profit and loss account
3,386 
873 
Shareholders' funds
59,965 
57,452 
For the year ending 31 March 2018 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 November 2018.
BETONY TAIT Director Company Registration No. 04132415
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CRAFTSMAN NEWBURY LIMITED Notes to the Accounts for the year ended 31 March 2018
1
Statutory information
CRAFTSMAN NEWBURY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04132415. The registered office is KINGSLAND HOUSE, ABBEY FOREGATE, SHREWSBURY, SY2 6BL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2017
205,000 
18,657 
1,489 
225,146 
At 31 March 2018
205,000 
18,657 
1,489 
225,146 
Depreciation
At 1 April 2017
- 
18,287 
1,393 
19,680 
Charge for the year
- 
92 
25 
117 
At 31 March 2018
- 
18,379 
1,418 
19,797 
Net book value
At 31 March 2018
205,000 
278 
71 
205,349 
At 31 March 2017
205,000 
370 
96 
205,466 
5
Inventories
2018 
2017 
£ 
£ 
Finished goods
12,500 
7,920 
12,500 
7,920 
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CRAFTSMAN NEWBURY LIMITED Notes to the Accounts for the year ended 31 March 2018
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
- 
538 
Accrued income and prepayments
62 
- 
62 
538 
7
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
7,459 
4,742 
Taxes and social security
650 
932 
Loans from directors
2,758 
737 
Accruals
1,043 
1,588 
11,910 
7,999 
8
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Bank loans
136,882 
138,500 
Deferred income
- 
833 
136,882 
139,333 
9
Average number of employees
During the year the average number of employees was 2 (2017: 2).
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