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REGISTERED NUMBER: 10833462 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

CRAFTED IN LEWES LTD

CRAFTED IN LEWES LTD (REGISTERED NUMBER: 10833462)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRAFTED IN LEWES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: S McGoldrick
S R Vinton





REGISTERED OFFICE: 8 The Holdings Old Uckfield Road
Ringmer
Lewes
East Sussex
BN8 5RY





REGISTERED NUMBER: 10833462 (England and Wales)





ACCOUNTANTS: Watson Associates
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

CRAFTED IN LEWES LTD (REGISTERED NUMBER: 10833462)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 126,278 127,235

CURRENT ASSETS
Stocks 93,500 93,500
Debtors 5 54,544 44,331
Cash at bank 9 17,354
148,053 155,185
CREDITORS
Amounts falling due within one year 6 (203,899 ) (206,315 )
NET CURRENT LIABILITIES (55,846 ) (51,130 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,432

76,105

CREDITORS
Amounts falling due after more than one
year

7

(39,479

)

(48,359

)

PROVISIONS FOR LIABILITIES (29,899 ) (27,390 )
NET ASSETS 1,054 356

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 954 256
SHAREHOLDERS' FUNDS 1,054 356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CRAFTED IN LEWES LTD (REGISTERED NUMBER: 10833462)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:




S R Vinton - Director



S McGoldrick - Director


CRAFTED IN LEWES LTD (REGISTERED NUMBER: 10833462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Crafted In Lewes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 15% on reducing balance

Government grants
Grants are accounted under the accruals model as permitted by FRS 102.

Grants of a revenue nature are recognised in 'other income' within profit or loss in the same period as the related expenditure.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from bank and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at the amortised cost using the effective interest method

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is no intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


CRAFTED IN LEWES LTD (REGISTERED NUMBER: 10833462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 244,073 374 2,026 246,473
Additions - 12,370 283 12,653
At 30 June 2023 244,073 12,744 2,309 259,126
DEPRECIATION
At 1 July 2022 118,197 71 970 119,238
Charge for year 12,588 825 197 13,610
At 30 June 2023 130,785 896 1,167 132,848
NET BOOK VALUE
At 30 June 2023 113,288 11,848 1,142 126,278
At 30 June 2022 125,876 303 1,056 127,235

CRAFTED IN LEWES LTD (REGISTERED NUMBER: 10833462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,131 42,405
Other debtors 14,413 1,926
54,544 44,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 64,473 61,940
Hire purchase contracts 3,390 12,569
Trade creditors 5,838 10,577
Taxation and social security 91,307 92,195
Other creditors 38,891 29,034
203,899 206,315

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 34,986 40,476
Hire purchase contracts 4,493 7,883
39,479 48,359

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
S McGoldrick
Balance outstanding at start of year (21 ) -
Amounts advanced 61,594 -
Amounts repaid (51,773 ) (21 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,800 (21 )

CRAFTED IN LEWES LTD (REGISTERED NUMBER: 10833462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S R Vinton
Balance outstanding at start of year (4,555 ) -
Amounts advanced 55,155 -
Amounts repaid (51,100 ) (4,555 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (500 ) (4,555 )

Interest was charged at HMRC approved rates Directors loans. The Director advances were cleared in full within 9 months of the year end.

10. GOVERNMENT GRANTS

Grants received in this period consist of the following:

2022 2021
£ £
Kickstart Grant 1,493 2,247
ESCC Grant - 12,500
1,493 17,747

The above grants have been brought in on an accruals basis and disclosed as other income.