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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
Page
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Crafted Beds Ltd Company Information for the year ended 30 November 2023
Director
A Kasam
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
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Crafted Beds Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,390 
360 
Current assets
Inventories
9,580 
5,778 
Debtors
30,942 
22,093 
Cash at bank and in hand
4,969 
36,773 
45,491 
64,644 
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 
Capital and reserves
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
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Crafted Beds Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
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 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
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
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Crafted Beds Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
450 
Additions
1,377 
At 30 November 2023
1,827 
Depreciation
At 1 December 2022
90 
Charge for the year
347 
At 30 November 2023
437 
Net book value
At 30 November 2023
1,390 
At 30 November 2022
360 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,942 
22,093 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,205 
6,301 
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 
Accruals
3,128 
1,682 
68,501 
61,966 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
A Kasam
Directors Loan
9,168 
7,570 
- 
16,738 
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
8
Controlling party
The controlling party was the Director by virtue of him holding 100% of the issued share capital
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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).
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