Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-3152022-11-01falseis that of retail crafts.5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09779638 2022-11-01 2023-10-31 09779638 2021-11-01 2022-10-31 09779638 2023-10-31 09779638 2022-10-31 09779638 c:Director1 2022-11-01 2023-10-31 09779638 c:Director2 2022-11-01 2023-10-31 09779638 d:PlantMachinery 2022-11-01 2023-10-31 09779638 d:PlantMachinery 2023-10-31 09779638 d:PlantMachinery 2022-10-31 09779638 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09779638 d:FurnitureFittings 2022-11-01 2023-10-31 09779638 d:FurnitureFittings 2023-10-31 09779638 d:FurnitureFittings 2022-10-31 09779638 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09779638 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09779638 d:CurrentFinancialInstruments 2023-10-31 09779638 d:CurrentFinancialInstruments 2022-10-31 09779638 d:Non-currentFinancialInstruments 2023-10-31 09779638 d:Non-currentFinancialInstruments 2022-10-31 09779638 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09779638 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09779638 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09779638 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09779638 d:ShareCapital 2023-10-31 09779638 d:ShareCapital 2022-10-31 09779638 d:RetainedEarningsAccumulatedLosses 2023-10-31 09779638 d:RetainedEarningsAccumulatedLosses 2022-10-31 09779638 c:OrdinaryShareClass1 2022-11-01 2023-10-31 09779638 c:OrdinaryShareClass1 2023-10-31 09779638 c:OrdinaryShareClass1 2022-10-31 09779638 c:OrdinaryShareClass2 2022-11-01 2023-10-31 09779638 c:OrdinaryShareClass2 2023-10-31 09779638 c:OrdinaryShareClass2 2022-10-31 09779638 c:OrdinaryShareClass3 2022-11-01 2023-10-31 09779638 c:OrdinaryShareClass3 2023-10-31 09779638 c:OrdinaryShareClass3 2022-10-31 09779638 c:FRS102 2022-11-01 2023-10-31 09779638 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09779638 c:FullAccounts 2022-11-01 2023-10-31 09779638 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09779638 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-11-01 2023-10-31 09779638 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-31 09779638 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-10-31 09779638 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09779638










Doodle Crafts Ltd








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
DOODLE CRAFTS LTD
 

CONTENTS



Page
Accountants' Report
 
1
Balance Sheet
 
2 - 3
Notes to the Financial Statements
 
4 - 8


 
DOODLE CRAFTS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DOODLE CRAFTS LTD
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Doodle Crafts Ltd for the year ended 31 October 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Doodle Crafts Ltd, as a body, in accordance with the terms of our engagement letter dated 21 January 2021Our work has been undertaken solely to prepare for your approval the financial statements of Doodle Crafts Ltd and state those matters that we have agreed to state to the Board of Directors of Doodle Crafts Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Doodle Crafts Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Doodle Crafts Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Doodle Crafts Ltd. You consider that Doodle Crafts Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Doodle Crafts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



M A Partners LLP
 
7 The Close
Norwich
Norfolk
NR1 4DJ
22 July 2024
Page 1

 
DOODLE CRAFTS LTD
REGISTERED NUMBER: 09779638

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,763
3,635

  
2,763
3,635

Current assets
  

Stocks
  
4,070
2,712

Debtors: amounts falling due within one year
 5 
3,520
3,672

Cash at bank and in hand
  
5,441
7,556

  
13,031
13,940

Creditors: amounts falling due within one year
 6 
(14,469)
(13,132)

Net current (liabilities)/assets
  
 
 
(1,438)
 
 
808

Total assets less current liabilities
  
1,325
4,443

Creditors: amounts falling due after more than one year
 7 
(9,607)
(11,813)

  

Net liabilities
  
(8,282)
(7,370)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(8,382)
(7,470)

  
(8,282)
(7,370)


Page 2

 
DOODLE CRAFTS LTD
REGISTERED NUMBER: 09779638
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mrs C James
................................................
Mr D F O'Leary
Director
Director


Date: 22 July 2024
Date:22 July 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
DOODLE CRAFTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The principle place of business is Holt, Norfolk.
The company's principal activity is that of retail crafts.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company's liabilities exceeded its assets by £8,282. With the continued support of the directors, the directors believe that the company will be able to continue in business and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of craft retail. Turnover is measured as the fair value of the consideration received or receivable.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Page 4

 
DOODLE CRAFTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

Taxation

The tax expense for the year comprises current tax. 

Current tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 5).






Page 5

 
DOODLE CRAFTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 November 2022
10,412
5,761
16,173


Additions
-
165
165


Disposals
(495)
-
(495)



At 31 October 2023

9,917
5,926
15,843



Depreciation


At 1 November 2022
8,296
4,242
12,538


Charge for the year on owned assets
499
421
920


Disposals
(378)
-
(378)



At 31 October 2023

8,417
4,663
13,080



Net book value



At 31 October 2023
1,500
1,263
2,763



At 31 October 2022
2,116
1,519
3,635

Page 6

 
DOODLE CRAFTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
953

Other debtors
3,381
2,533

Prepayments and accrued income
139
186

3,520
3,672



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
1,843
1,637

Trade creditors
1,111
-

Other taxes and social security
-
743

Other creditors
11,022
10,014

Accruals and deferred income
493
738

14,469
13,132



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
9,607
11,813

9,607
11,813


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
2,943
4,913

2,943
4,913



Page 7

 
DOODLE CRAFTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



55 (2022 - 55) Ordinary A shares of £1.00 each
55
55
23 (2022 - 23) Ordinary B shares of £1.00 each
23
23
22 (2022 - 22) Ordinary C shares of £1.00 each
22
22

100

100



9.


Financial commitments

The company had total financial commitments, guarantees and contingencies which are not included in the balance sheet amounting to £8,719 (2022: £42,802).
A director provided a personal guarantee on behalf of the compnay for the value of three months rent in relation to 1A New Street.


10.Pension commitments

Contributions totalling £332 (2022: nil) were payable to the fund at the balance sheet date and are included in creditors. 


11.


Transactions with directors

As at 31 October 2023, the company owed £9,845 (2022: £9,230) to the directors. This loan is included in other creditors note 6 to the financial statements and is repayable on demand and no interest was charged.

 
Page 8