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REGISTERED NUMBER: 07900017 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Craft Limework Limited

Craft Limework Limited (Registered number: 07900017)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craft Limework Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: E Pepper



REGISTERED OFFICE: Suite 13 Enterprise House
Boathouse Meadow Business Park
Cherry Orchard Lane
Salisbury
Wiltshire
SP2 7LD



REGISTERED NUMBER: 07900017 (England and Wales)



ACCOUNTANTS: TMT Accountancy Services Limited
Suite 13 Enterprise House
Boathouse Meadow Business Park
Cherry Orchard Lane
Salisbury
Wiltshire
SP2 7LD



BANKERS: HSBC Bank PLC
19 Minster Street
Salisbury
Wiltshire
SP1 1TE

Craft Limework Limited (Registered number: 07900017)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,734 18,658

CURRENT ASSETS
Stocks 1,200 2,000
Debtors 5 6,221 3,126
Cash at bank 129,746 84,525
137,167 89,651
CREDITORS
Amounts falling due within one year 6 79,752 50,718
NET CURRENT ASSETS 57,415 38,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,149

57,591

PROVISIONS FOR LIABILITIES 3,179 3,545
NET ASSETS 70,970 54,046

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,870 53,946
SHAREHOLDERS' FUNDS 70,970 54,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Craft Limework Limited (Registered number: 07900017)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 6 March 2024 and were signed by:





E Pepper - Director


Craft Limework Limited (Registered number: 07900017)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Craft Limework 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.

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 - 20% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

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.

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.

Craft Limework Limited (Registered number: 07900017)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 32,841
Additions 1,250
At 31 January 2024 34,091
DEPRECIATION
At 1 February 2023 14,183
Charge for year 3,174
At 31 January 2024 17,357
NET BOOK VALUE
At 31 January 2024 16,734
At 31 January 2023 18,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,340 -
Other debtors 881 3,126
6,221 3,126

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 5,381 1,284
Taxation and social security 27,673 11,142
Other creditors 46,698 38,292
79,752 50,718