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REGISTERED NUMBER: 11880918 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Carnation Crafts Limited

Carnation Crafts Limited (Registered number: 11880918)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carnation Crafts Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: MA Judd
N R Chase





REGISTERED OFFICE: c/o Charnwood Accountants
The Point, Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ





REGISTERED NUMBER: 11880918 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Carnation Crafts Limited (Registered number: 11880918)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,371 53,720

CURRENT ASSETS
Stocks 131,653 174,654
Debtors 5 546,466 834,103
Cash at bank and in hand 195,856 96,747
873,975 1,105,504
CREDITORS
Amounts falling due within one year 6 246,236 233,070
NET CURRENT ASSETS 627,739 872,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,110

926,154

CREDITORS
Amounts falling due after more than one year 7 (122,435 ) (170,833 )

PROVISIONS FOR LIABILITIES (10,593 ) (13,432 )
NET ASSETS 537,082 741,889

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 536,982 741,789
SHAREHOLDERS' FUNDS 537,082 741,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Carnation Crafts Limited (Registered number: 11880918)

Balance Sheet - continued
31 March 2024


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

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 28 October 2024 and were signed on its behalf by:





MA Judd - Director


Carnation Crafts Limited (Registered number: 11880918)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Carnation Crafts Limited 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.

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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Carnation Crafts Limited (Registered number: 11880918)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 23,384 57,088 80,472
Additions 2,293 6,028 8,321
At 31 March 2024 25,677 63,116 88,793
DEPRECIATION
At 1 April 2023 7,801 18,951 26,752
Charge for year 5,903 13,767 19,670
At 31 March 2024 13,704 32,718 46,422
NET BOOK VALUE
At 31 March 2024 11,973 30,398 42,371
At 31 March 2023 15,583 38,137 53,720

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 22,324 80,853
Amounts owed by group undertakings 511,470 586,430
Other debtors 12,672 166,820
546,466 834,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 39,909 35,487
Taxation and social security 141,179 134,520
Other creditors 15,148 13,063
246,236 233,070

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 122,435 170,833

Carnation Crafts Limited (Registered number: 11880918)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
MA Judd
Balance outstanding at start of year 85,252 37,005
Amounts advanced - 85,252
Amounts repaid (85,252 ) (37,005 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 85,252

N R Chase
Balance outstanding at start of year 73,931 36,399
Amounts advanced - 73,931
Amounts repaid (73,931 ) (36,399 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 73,931

9. CONTROLLING PARTY

The Directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.