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REGISTERED NUMBER: 03122472 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Finacraft Limited

Finacraft Limited (Registered number: 03122472)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Finacraft Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr G R Wildin
Mrs R A Wildin





SECRETARY: Mr G R Wildin





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 03122472 (England and Wales)





ACCOUNTANTS: Dunkley's
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Finacraft Limited (Registered number: 03122472)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,726 10,490
Investment property 5 185,897 178,664
193,623 189,154

CURRENT ASSETS
Debtors 6 1,044 1,800
Cash at bank 21,468 31,728
22,512 33,528
CREDITORS
Amounts falling due within one year 7 174,154 173,087
NET CURRENT LIABILITIES (151,642 ) (139,559 )
TOTAL ASSETS LESS CURRENT LIABILITIES 41,981 49,595

PROVISIONS FOR LIABILITIES 1,468 -
NET ASSETS 40,513 49,595

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 9 40,213 49,295
SHAREHOLDERS' FUNDS 40,513 49,595

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:



Mr G R Wildin - Director


Finacraft Limited (Registered number: 03122472)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Finacraft Limited 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.

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 - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Finacraft Limited (Registered number: 03122472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 25,228 6,654 31,882
Disposals - (1,307 ) (1,307 )
At 30 November 2023 25,228 5,347 30,575
DEPRECIATION
At 1 December 2022 15,562 5,830 21,392
Charge for year 2,416 273 2,689
Eliminated on disposal - (1,232 ) (1,232 )
At 30 November 2023 17,978 4,871 22,849
NET BOOK VALUE
At 30 November 2023 7,250 476 7,726
At 30 November 2022 9,666 824 10,490

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 178,664
Additions 7,233
At 30 November 2023 185,897
NET BOOK VALUE
At 30 November 2023 185,897
At 30 November 2022 178,664

Investment properties are revalued annually by the director, based on an estimation of the market values of the properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
VAT - 716
Prepayments 1,044 1,084
1,044 1,800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
VAT 22 -
Directors' current accounts 172,923 171,938
Accruals and deferred income 1,209 1,149
174,154 173,087

Finacraft Limited (Registered number: 03122472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100
200 Ordinary B £1 200 200
300 300

9. RESERVES
Retained
earnings
£   

At 1 December 2022 49,295
Deficit for the year (9,082 )
At 30 November 2023 40,213