Company Registration No. 13006369 (England and Wales)
Crafted Beds Ltd
Unaudited accounts
for the year ended 30 November 2023
Crafted Beds Ltd
Unaudited accounts
Contents
Crafted Beds Ltd
Company Information
for the year ended 30 November 2023
Company Number
13006369 (England and Wales)
Registered Office
Branch House
31-33 Branch Road
Batley
West Yorkshire
WF17 5SB
Accountants
CGI Accountants Ltd
Branch House
31-33 Branch Road
Batley
West Yorkshire
WF17 5SB
Crafted Beds Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
4,969
36,773
Creditors: amounts falling due within one year
(68,501)
(61,966)
Net current (liabilities)/assets
(23,010)
2,678
Net (liabilities)/assets
(21,620)
3,038
Called up share capital
1
1
Profit and loss account
(21,621)
3,037
Shareholders' funds
(21,620)
3,038
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 11 October 2024 and were signed on its behalf by
A Kasam
Director
Company Registration No. 13006369
Crafted Beds Ltd
Notes to the Accounts
for the year ended 30 November 2023
Crafted Beds Ltd is a private company, limited by shares, registered in England and Wales, registration number 13006369. The registered office is Branch House, 31-33 Branch Road, Batley, West Yorkshire, WF17 5SB.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Computer equipment
20% on reducing balance
Crafted Beds Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
30,942
22,093
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
23,179
28,573
Taxes and social security
1,271
1,101
Proposed dividends
2,000
2,000
Other creditors
14,980
13,141
Loans from directors
16,738
9,168
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
9,168
7,570
-
16,738
Included within creditors is a directors loan (2022: £9168 2021: £0.00)
The loan is interest free and can be repaid upon demand
The controlling party was the Director by virtue of him holding 100% of the issued share capital
Crafted Beds Ltd
Notes to the Accounts
for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).