2022-04-012023-03-312023-03-31false12272181HOTSPURCRAFT LIMITED2023-10-1156302iso4217:GBPxbrli:pure122721812022-04-01122721812023-03-31122721812022-04-012023-03-31122721812021-04-01122721812022-03-31122721812021-04-012022-03-3112272181bus:SmallEntities2022-04-012023-03-3112272181bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3112272181bus:FullAccounts2022-04-012023-03-3112272181bus:PrivateLimitedCompanyLtd2022-04-012023-03-3112272181core:WithinOneYear2023-03-3112272181core:AfterOneYear2023-03-3112272181core:WithinOneYear2022-03-3112272181core:AfterOneYear2022-03-3112272181core:ShareCapital2023-03-3112272181core:SharePremium2023-03-3112272181core:RevaluationReserve2023-03-3112272181core:OtherReservesSubtotal2023-03-3112272181core:RetainedEarningsAccumulatedLosses2023-03-3112272181core:ShareCapital2022-03-3112272181core:SharePremium2022-03-3112272181core:RevaluationReserve2022-03-3112272181core:OtherReservesSubtotal2022-03-3112272181core:RetainedEarningsAccumulatedLosses2022-03-3112272181core:LandBuildings2023-03-3112272181core:PlantMachinery2023-03-3112272181core:Vehicles2023-03-3112272181core:FurnitureFittings2023-03-3112272181core:OfficeEquipment2023-03-3112272181core:NetGoodwill2023-03-3112272181core:IntangibleAssetsOtherThanGoodwill2023-03-3112272181core:ListedExchangeTraded2023-03-3112272181core:UnlistedNon-exchangeTraded2023-03-3112272181core:LandBuildings2022-03-3112272181core:PlantMachinery2022-03-3112272181core:Vehicles2022-03-3112272181core:FurnitureFittings2022-03-3112272181core:OfficeEquipment2022-03-3112272181core:NetGoodwill2022-03-3112272181core:IntangibleAssetsOtherThanGoodwill2022-03-3112272181core:ListedExchangeTraded2022-03-3112272181core:UnlistedNon-exchangeTraded2022-03-3112272181core:LandBuildings2022-04-012023-03-3112272181core:PlantMachinery2022-04-012023-03-3112272181core:Vehicles2022-04-012023-03-3112272181core:FurnitureFittings2022-04-012023-03-3112272181core:OfficeEquipment2022-04-012023-03-3112272181core:NetGoodwill2022-04-012023-03-3112272181core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112272181core:ListedExchangeTraded2022-04-012023-03-3112272181core:UnlistedNon-exchangeTraded2022-04-012023-03-3112272181core:MoreThanFiveYears2022-04-012023-03-3112272181core:Non-currentFinancialInstruments2023-03-3112272181core:Non-currentFinancialInstruments2022-03-3112272181dpl:CostSales2022-04-012023-03-3112272181dpl:DistributionCosts2022-04-012023-03-3112272181core:LandBuildings2022-04-012023-03-3112272181core:PlantMachinery2022-04-012023-03-3112272181core:Vehicles2022-04-012023-03-3112272181core:FurnitureFittings2022-04-012023-03-3112272181core:OfficeEquipment2022-04-012023-03-3112272181dpl:AdministrativeExpenses2022-04-012023-03-3112272181core:NetGoodwill2022-04-012023-03-3112272181core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112272181dpl:GroupUndertakings2022-04-012023-03-3112272181dpl:ParticipatingInterests2022-04-012023-03-3112272181dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112272181core:ListedExchangeTraded2022-04-012023-03-3112272181dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112272181core:UnlistedNon-exchangeTraded2022-04-012023-03-3112272181dpl:CostSales2021-04-012022-03-3112272181dpl:DistributionCosts2021-04-012022-03-3112272181core:LandBuildings2021-04-012022-03-3112272181core:PlantMachinery2021-04-012022-03-3112272181core:Vehicles2021-04-012022-03-3112272181core:FurnitureFittings2021-04-012022-03-3112272181core:OfficeEquipment2021-04-012022-03-3112272181dpl:AdministrativeExpenses2021-04-012022-03-3112272181core:NetGoodwill2021-04-012022-03-3112272181core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3112272181dpl:GroupUndertakings2021-04-012022-03-3112272181dpl:ParticipatingInterests2021-04-012022-03-3112272181dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3112272181core:ListedExchangeTraded2021-04-012022-03-3112272181dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3112272181core:UnlistedNon-exchangeTraded2021-04-012022-03-3112272181core:NetGoodwill2023-03-3112272181core:IntangibleAssetsOtherThanGoodwill2023-03-3112272181core:LandBuildings2023-03-3112272181core:PlantMachinery2023-03-3112272181core:Vehicles2023-03-3112272181core:FurnitureFittings2023-03-3112272181core:OfficeEquipment2023-03-3112272181core:AfterOneYear2023-03-3112272181core:WithinOneYear2023-03-3112272181core:ListedExchangeTraded2023-03-3112272181core:UnlistedNon-exchangeTraded2023-03-3112272181core:ShareCapital2023-03-3112272181core:SharePremium2023-03-3112272181core:RevaluationReserve2023-03-3112272181core:OtherReservesSubtotal2023-03-3112272181core:RetainedEarningsAccumulatedLosses2023-03-3112272181core:NetGoodwill2022-03-3112272181core:IntangibleAssetsOtherThanGoodwill2022-03-3112272181core:LandBuildings2022-03-3112272181core:PlantMachinery2022-03-3112272181core:Vehicles2022-03-3112272181core:FurnitureFittings2022-03-3112272181core:OfficeEquipment2022-03-3112272181core:AfterOneYear2022-03-3112272181core:WithinOneYear2022-03-3112272181core:ListedExchangeTraded2022-03-3112272181core:UnlistedNon-exchangeTraded2022-03-3112272181core:ShareCapital2022-03-3112272181core:SharePremium2022-03-3112272181core:RevaluationReserve2022-03-3112272181core:OtherReservesSubtotal2022-03-3112272181core:RetainedEarningsAccumulatedLosses2022-03-3112272181core:NetGoodwill2021-04-0112272181core:IntangibleAssetsOtherThanGoodwill2021-04-0112272181core:LandBuildings2021-04-0112272181core:PlantMachinery2021-04-0112272181core:Vehicles2021-04-0112272181core:FurnitureFittings2021-04-0112272181core:OfficeEquipment2021-04-0112272181core:AfterOneYear2021-04-0112272181core:WithinOneYear2021-04-0112272181core:ListedExchangeTraded2021-04-0112272181core:UnlistedNon-exchangeTraded2021-04-0112272181core:ShareCapital2021-04-0112272181core:SharePremium2021-04-0112272181core:RevaluationReserve2021-04-0112272181core:OtherReservesSubtotal2021-04-0112272181core:RetainedEarningsAccumulatedLosses2021-04-0112272181core:AfterOneYear2022-04-012023-03-3112272181core:WithinOneYear2022-04-012023-03-3112272181core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3112272181core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3112272181core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3112272181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3112272181core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3112272181core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3112272181core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112272181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112272181core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112272181core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3112272181core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3112272181core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3112272181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3112272181core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3112272181core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3112272181core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3112272181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3112272181core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3112272181core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3112272181core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3112272181core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3112272181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3112272181core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3112272181core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3112272181core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3112272181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3112272181core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3112272181bus:Director12022-04-012023-03-3112272181bus:Director22022-04-012023-03-31

HOTSPURCRAFT LIMITED

Registered Number
12272181
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

HOTSPURCRAFT LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

BARTLETT, E V
BARTLETT, S L

Registered Address

32 Collywell Bay Road
Seaton Sluice
Whitley Bay
NE26 4QZ

Registered Number

12272181 (England and Wales)
HOTSPURCRAFT LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51473,004
1473,004
Current assets
Stocks78,9755,000
Debtors8238,806124,043
Cash at bank and on hand61,3768,298
309,157137,341
Creditors amounts falling due within one year9(280,980)(270,901)
Net current assets (liabilities)28,177(133,560)
Total assets less current liabilities28,324(130,556)
Creditors amounts falling due after one year10(90,867)-
Net assets(62,543)(130,556)
Capital and reserves
Called up share capital11
Profit and loss account(62,544)(130,557)
Shareholders' funds(62,543)(130,556)
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2023, and are signed on its behalf by:
BARTLETT, E V
Director
Registered Company No. 12272181
HOTSPURCRAFT LIMITED
Notes to the Financial Statements
for the year ended 31 March 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
These financial statements were prepared in accordance with the provisions of FRS 102 Section 1A - small entities applicable in the UK and Republic of Ireland. There were no material departures from that standard.
3.Accounting policies
Property, plant and equipment policy
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Straight line (years)
Office Equipment3
Stocks policy
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Revenue recognition policy
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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 specific criteria have been met for each of the company's activities.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
4.Employee information

20232022
Average number of employees during the year2625
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 April 2213,10013,100
At 31 March 2313,10013,100
Depreciation and impairment
At 01 April 2210,09610,096
Charge for year2,8572,857
At 31 March 2312,95312,953
Net book value
At 31 March 23147147
At 31 March 223,0043,004
6.Description of nature of transactions and balances with related parties
As at 31st March 2022 the following related party receivable/(payable) transactions remain outstanding: - Formicity Property Limited - £120,671.15 - Castaways Tea Shop Limited - (£13,205.48)
7.Stocks

2023

2022

££
Raw materials and consumables8,9755,000
Total8,9755,000
8.Debtors

2023

2022

££
Trade debtors / trade receivables238,806121,602
Other debtors-1,811
Prepayments and accrued income-37
Other debtors (Non-current)-593
Total238,806124,043
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables55,01951,719
Taxation and social security28,4313,801
Other creditors197,530215,381
Total280,980270,901
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts90,867-
Total90,867-