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
NOVACRAFT FURNITURE LTD
Company Information
for the year ended 30 November 2023
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
NOVACRAFT FURNITURE LTD
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
2,599
Creditors: amounts falling due within one year
(17,849)
Net current liabilities
(4,860)
Profit and loss account
914
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
NOVACRAFT FURNITURE LTD
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
Charge for the year
250
1,375
300
1,925
At 30 November 2023
250
1,375
300
1,925
At 30 November 2023
750
4,125
900
5,775
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
3,061
7
Average number of employees
During the year the average number of employees was 1.