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Company Registration No. 14496525 (England and Wales)
NOVACRAFT FURNITURE LTD Unaudited accounts for the year ended 30 November 2023
NOVACRAFT FURNITURE LTD Unaudited accounts Contents
Page
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NOVACRAFT FURNITURE LTD Company Information for the year ended 30 November 2023
Director
Luis Mark Jones
Company Number
14496525 (England and Wales)
Registered Office
RICHLANDS MAESTEG ROAD TONDU BRIDGEND CF32 9BT WALES
Accountants
Richlands Accountancy Ltd Richlands Maesteg Road Tondu Bridgend CF32 9BT
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NOVACRAFT FURNITURE LTD Statement of financial position as at 30 November 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
5,775 
Current assets
Inventories
4,000 
Debtors
6,390 
Cash at bank and in hand
2,599 
12,989 
Creditors: amounts falling due within one year
(17,849)
Net current liabilities
(4,860)
Net assets
915 
Capital and reserves
Called up share capital
1 
Profit and loss account
914 
Shareholders' funds
915 
For the year ending 30 November 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 20 August 2024 and were signed on its behalf by
Luis Mark Jones Director Company Registration No. 14496525
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NOVACRAFT FURNITURE LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
NOVACRAFT FURNITURE LTD is a private company, limited by shares, registered in England and Wales, registration number 14496525. The registered office is RICHLANDS MAESTEG ROAD, TONDU, BRIDGEND, CF32 9BT, WALES.
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
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
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NOVACRAFT FURNITURE LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
- 
- 
- 
- 
Additions
1,000 
5,500 
1,200 
7,700 
At 30 November 2023
1,000 
5,500 
1,200 
7,700 
Depreciation
Charge for the year
250 
1,375 
300 
1,925 
At 30 November 2023
250 
1,375 
300 
1,925 
Net book value
At 30 November 2023
750 
4,125 
900 
5,775 
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
100 
Other debtors
6,290 
6,390 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
383 
Trade creditors
10,868 
Taxes and social security
3,061 
Other creditors
337 
Accruals
3,200 
17,849 
7
Average number of employees
During the year the average number of employees was 1.
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