2022-02-012023-01-312023-01-31false04644664NOVACRAFT VENTURES 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NOVACRAFT VENTURES LIMITED

Registered Number
04644664
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

NOVACRAFT VENTURES LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Director

AHMADI, Atoosa

Registered Address

8b Accommodation Road
London
NW11 8ED

Registered Number

04644664 (England and Wales)
NOVACRAFT VENTURES LIMITED
Statement of Financial Position
31 January 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors14,96119,677
14,96119,677
Creditors amounts falling due within one year6(8,890)(19,596)
Net current assets (liabilities)6,07181
Total assets less current liabilities6,07181
Creditors amounts falling due after one year7(6,000)-
Net assets7181
Capital and reserves
Called up share capital11
Profit and loss account7080
Shareholders' funds7181
The financial statements were approved and authorised for issue by the Director on 15 September 2023, and are signed on its behalf by:
AHMADI, Atoosa
Director
Registered Company No. 04644664
NOVACRAFT VENTURES LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4.Employee information

20232022
Average number of employees during the year11
5.Debtors within one year

2023

2022

££
Other debtors14,96115,977
Prepayments and accrued income-3,700
Total14,96119,677
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors within one year

2023

2022

££
Trade creditors / trade payables209-
Taxation and social security169-
Other creditors8,1129,596
Accrued liabilities and deferred income40010,000
Total8,89019,596
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts6,000-
Total6,000-