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Company Registration No. 11770574 (England and Wales)
Craft Rum Box Ltd Unaudited accounts for the year ended 31 January 2024
Craft Rum Box Ltd Unaudited accounts Contents
Page
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Craft Rum Box Ltd Company Information for the year ended 31 January 2024
Director
David Mcnabb
Company Number
11770574 (England and Wales)
Registered Office
310D, EW Sterling House Langston Road Loughton IG10 3TS United Kingdom
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
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Craft Rum Box Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
39,519 
37,335 
Debtors
56,806 
43,804 
Cash at bank and in hand
7,637 
5,471 
103,962 
86,610 
Creditors: amounts falling due within one year
(46,057)
(25,713)
Net current assets
57,905 
60,897 
Total assets less current liabilities
57,905 
60,897 
Creditors: amounts falling due after more than one year
(18,657)
(27,209)
Net assets
39,248 
33,688 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
39,247 
33,687 
Shareholders' funds
39,248 
33,688 
For the year ending 31 January 2024 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 9 October 2024 and were signed on its behalf by
David Mcnabb Director Company Registration No. 11770574
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Craft Rum Box Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Craft Rum Box Ltd is a private company, limited by shares, registered in England and Wales, registration number 11770574. The registered office is 310D, EW Sterling House, Langston Road, Loughton, IG10 3TS, United Kingdom.
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.
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% on cost.
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Craft Rum Box Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
3,150 
At 31 January 2024
3,150 
Depreciation
At 1 February 2023
3,150 
At 31 January 2024
3,150 
Net book value
At 31 January 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,646 
1,415 
Trade debtors
53,160 
42,389 
56,806 
43,804 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,306 
2,139 
Taxes and social security
11,628 
10,678 
Loans from directors
31,448 
8,306 
Accruals
1,675 
4,590 
46,057 
25,713 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,657 
27,209 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
At 31 January 2024 the company owed £31,448.28 to director as a result of loans made to the company. The loans are unsecured and interest free. The Director controls the company as a result of controlling directly 100% of the issued share capital.
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Craft Rum Box Ltd Notes to the Accounts for the year ended 31 January 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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