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Company Registration No. 07380206 (England and Wales)
crafty arts limited Unaudited accounts for the year ended 30 September 2023
crafty arts limited Unaudited accounts Contents
Page
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crafty arts limited Company Information for the year ended 30 September 2023
Director
S Necati
Company Number
07380206 (England and Wales)
Registered Office
CREATIVE HOUSE BRYANT AVENUE ROMFORD RM3 0AP ENGLAND
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crafty arts limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
963,093 
Current assets
Inventories
135,632 
684,450 
Debtors
136,760 
- 
Cash at bank and in hand
229,961 
- 
502,353 
684,450 
Creditors: amounts falling due within one year
(84,797)
(693,470)
Net current assets/(liabilities)
417,556 
(9,020)
Total assets less current liabilities
417,556 
954,073 
Creditors: amounts falling due after more than one year
- 
(545,364)
Net assets
417,556 
408,709 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
417,551 
408,704 
Shareholders' funds
417,556 
408,709 
For the year ending 30 September 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 his 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 19 November 2023 and were signed on its behalf by
S Necati Director Company Registration No. 07380206
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crafty arts limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
crafty arts limited is a private company, limited by shares, registered in England and Wales, registration number 07380206. The registered office is CREATIVE HOUSE, BRYANT AVENUE, ROMFORD, RM3 0AP, ENGLAND.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 October 2022
963,093 
Disposals
(963,093)
At 30 September 2023
- 
Depreciation
At 30 September 2023
- 
Net book value
At 30 September 2023
- 
At 30 September 2022
963,093 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
120,000 
- 
Amounts falling due after more than one year
Other debtors
16,760 
- 
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crafty arts limited Notes to the Accounts for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
406,152 
Trade creditors
- 
246,660 
Taxes and social security
75,752 
37,658 
Other creditors
45 
- 
Accruals
9,000 
3,000 
84,797 
693,470 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
545,364 
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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