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
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
CRAFTSMAN NEWBURY LIMITED
Statement of financial position
as at 31 March 2018
Tangible assets
205,349
205,466
Cash at bank and in hand
902
916
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)
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
CRAFTSMAN NEWBURY LIMITED
Notes to the Accounts
for the year ended 31 March 2018
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2018
205,000
278
71
205,349
At 31 March 2017
205,000
370
96
205,466
Finished goods
12,500
7,920
CRAFTSMAN NEWBURY LIMITED
Notes to the Accounts
for the year ended 31 March 2018
Accrued income and prepayments
62
-
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
8
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
136,882
138,500
9
Average number of employees
During the year the average number of employees was 2 (2017: 2).