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REGISTERED NUMBER: 08554438 (England and Wales)















Abridged Financial Statements for the Year Ended 30 April 2024

for

Craft Pubs Ltd

Craft Pubs Ltd (Registered number: 08554438)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Craft Pubs Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C D Woodcraft
Ms A Smith





REGISTERED OFFICE: 31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW





REGISTERED NUMBER: 08554438 (England and Wales)





ACCOUNTANTS: Carrington-May
Chartered Certified Accountants
31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW

Craft Pubs Ltd (Registered number: 08554438)

Abridged Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,272 31,270

CURRENT ASSETS
Stocks 11,561 11,216
Debtors 20,749 80
Cash at bank and in hand 130,663 174,928
162,973 186,224
CREDITORS
Amounts falling due within one year 161,693 157,849
NET CURRENT ASSETS 1,280 28,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,552

59,645

CREDITORS
Amounts falling due after more than one
year

(75,203

)

-

PROVISIONS FOR LIABILITIES (23,992 ) (4,356 )
NET ASSETS 28,357 55,289

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 28,257 55,189
SHAREHOLDERS' FUNDS 28,357 55,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Craft Pubs Ltd (Registered number: 08554438)

Abridged Statement of Financial Position - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 August 2024 and were signed on its behalf by:





C D Woodcraft - Director


Craft Pubs Ltd (Registered number: 08554438)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Craft Pubs Ltd 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.

The company has the continued support of the director. This, combined with the level of profitability and future positive cash flow of the business,enables the director to consider that the going concern basis of preparation to be appropriate.

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 cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 Pubs Ltd (Registered number: 08554438)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 27,169 18,354 1,044 46,567
Additions 98,403 2,085 6,578 107,066
At 30 April 2024 125,572 20,439 7,622 153,633
DEPRECIATION
At 1 May 2023 10,842 4,001 454 15,297
Charge for year 6,726 4,018 1,320 12,064
At 30 April 2024 17,568 8,019 1,774 27,361
NET BOOK VALUE
At 30 April 2024 108,004 12,420 5,848 126,272
At 30 April 2023 16,327 14,353 590 31,270

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary A Shares £1 51 51
49 Ordinary B Shares £1 49 49
100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £48,135 (2023 - £17,882) was owed to the directors.£48,135 is the maximum amount outstanding during the period. Interest has not been paid or accrued on the sum outstanding.

7. RELATED PARTY DISCLOSURES

At the balance sheet date the sum of £29,368 was owed by the company to Belle Hotel Limited, (2023 - £3,4201). Mr C Woodcraft is the sole director and shareholder of Belle Hotel Limited.

This balance represents the sum outstanding in respect of re charges of costs from Belle Hotel Limited to Craft Pubs Ltd. The transactions are on an arms length basis.