Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10505888 Mr S G Warner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10505888 2022-11-30 10505888 2023-11-30 10505888 2022-12-01 2023-11-30 10505888 frs-core:CurrentFinancialInstruments 2023-11-30 10505888 frs-core:Non-currentFinancialInstruments 2023-11-30 10505888 frs-core:MotorVehicles 2023-11-30 10505888 frs-core:MotorVehicles 2022-12-01 2023-11-30 10505888 frs-core:MotorVehicles 2022-11-30 10505888 frs-core:PlantMachinery 2023-11-30 10505888 frs-core:PlantMachinery 2022-12-01 2023-11-30 10505888 frs-core:PlantMachinery 2022-11-30 10505888 frs-core:ShareCapital 2023-11-30 10505888 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10505888 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10505888 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10505888 frs-bus:SmallEntities 2022-12-01 2023-11-30 10505888 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10505888 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10505888 frs-bus:Director1 2022-12-01 2023-11-30 10505888 frs-countries:EnglandWales 2022-12-01 2023-11-30 10505888 2021-11-30 10505888 2022-11-30 10505888 2021-12-01 2022-11-30 10505888 frs-core:CurrentFinancialInstruments 2022-11-30 10505888 frs-core:Non-currentFinancialInstruments 2022-11-30 10505888 frs-core:ShareCapital 2022-11-30 10505888 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10505888
The Crafty Half Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10505888
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,504 21,167
23,504 21,167
CURRENT ASSETS
Stocks 5 5,500 5,500
Debtors 6 890 657
Cash at bank and in hand 4,932 9,335
11,322 15,492
Creditors: Amounts Falling Due Within One Year 7 (36,008 ) (32,061 )
NET CURRENT ASSETS (LIABILITIES) (24,686 ) (16,569 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,182 ) 4,598
Creditors: Amounts Falling Due After More Than One Year 8 (4,500 ) (7,500 )
NET LIABILITIES (5,682 ) (2,902 )
CAPITAL AND RESERVES
Called up share capital 9 3 3
Profit and Loss Account (5,685 ) (2,905 )
SHAREHOLDERS' FUNDS (5,682) (2,902)
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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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S G Warner
Director
20/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Crafty Half Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10505888 . The registered office is Cumberland House, 24 - 28 baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
As at the balance sheet date the copmany had a net deficiency of assets. The Director is aware of this position and is continuing to fully support the comany financially with the intention of generating profits in the forseeable future. The financial statements have therefore been prepared on the going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 15% reducing balance
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2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2022 38,652 1,540 40,192
Additions 6,485 - 6,485
As at 30 November 2023 45,137 1,540 46,677
Depreciation
As at 1 December 2022 18,431 594 19,025
Provided during the period 4,006 142 4,148
As at 30 November 2023 22,437 736 23,173
Net Book Value
As at 30 November 2023 22,700 804 23,504
As at 1 December 2022 20,221 946 21,167
5. Stocks
2023 2022
£ £
Finished goods 5,500 5,500
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 890 657
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,203 126
Bank loans and overdrafts 3,000 3,000
Other creditors 18,466 18,740
Taxation and social security 11,339 10,195
36,008 32,061
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 4,500 7,500
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
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