Company Registration No. 07268091 (England and Wales)
BellaCrafts Limited
Unaudited accounts
for the year ended 31 March 2023
BellaCrafts Limited
Unaudited accounts
Contents
BellaCrafts Limited
Company Information
for the year ended 31 March 2023
Company Number
07268091 (England and Wales)
Registered Office
THE BARN WINCHESTER ROAD
FAIR OAK
EASTLEIGH
HAMPSHIRE
SO50 7HD
Accountants
For and on Behalf of Tee Accounts Limited
t/a On The Spot
Rosehill House
Polgooth
PL26 7BA
BellaCrafts Limited
Statement of financial position
as at 31 March 2023
Tangible assets
5,955
7,941
Cash at bank and in hand
5,002
37,328
Creditors: amounts falling due within one year
(38,765)
(36,094)
Net current (liabilities)/assets
(6,200)
26,407
Total assets less current liabilities
(245)
34,348
Creditors: amounts falling due after more than one year
(23,753)
(31,978)
Net (liabilities)/assets
(23,998)
2,370
Called up share capital
1
1
Profit and loss account
(23,999)
2,369
Shareholders' funds
(23,998)
2,370
For the year ending 31 March 2023 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 director acknowledges her 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.
The financial statements were approved by the Board and authorised for issue on 26 October 2023 and were signed on its behalf by
Belinda Sampson
Director
Company Registration No. 07268091
BellaCrafts Limited
Notes to the Accounts
for the year ended 31 March 2023
BellaCrafts Limited is a private company, limited by shares, registered in England and Wales, registration number 07268091. The registered office is THE BARN WINCHESTER ROAD, FAIR OAK, EASTLEIGH, HAMPSHIRE, SO50 7HD.
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.
Turnover is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Goodwill is amortised on a straight line basis over its estimated useful economic life of 5 years.
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% per annum, reducing balance
Computer equipment
33.33% per annum, straight line
Stock is valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.
4
Intangible fixed assets
Goodwill
BellaCrafts Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
5,676
10,483
5,872
22,031
At 31 March 2023
5,676
10,483
5,872
22,031
At 1 April 2022
3,545
8,120
2,425
14,090
Charge for the year
533
591
862
1,986
At 31 March 2023
4,078
8,711
3,287
16,076
At 31 March 2023
1,598
1,772
2,585
5,955
At 31 March 2022
2,131
2,363
3,447
7,941
Amounts falling due within one year
Trade debtors
10,651
8,261
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,608
9,608
Taxes and social security
4,880
5,024
Loans from directors
10,521
13,420
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 20 (2022: 18).