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WE CRAFT WORK LIMITED

(formerly THE PROJECT STORE LIMITED)

Registered Number
09871057
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2024

WE CRAFT WORK LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024

Director

KEAVENY, Paul Christopher

Registered Address

1a Latimer Street
Leicester
LE3 0QF

Registered Number

09871057 (England and Wales)
WE CRAFT WORK LIMITED
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets(111)578
(111)578
Current assets
Debtors4333,000
Cash at bank and on hand627627
1,0603,627
Creditors amounts falling due within one year3(38,639)(41,206)
Net current assets (liabilities)(37,579)(37,579)
Total assets less current liabilities(37,690)(37,001)
Net assets(37,690)(37,001)
Capital and reserves
Called up share capital1010
Profit and loss account(37,700)(37,011)
Shareholders' funds(37,690)(37,001)
The financial statements were approved and authorised for issue by the Director on 30 November 2024, and are signed on its behalf by:
KEAVENY, Paul Christopher
Director
Registered Company No. 09871057
WE CRAFT WORK LIMITED
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,3302,330
Taxation and social security-2,567
Other creditors36,30936,309
Total38,63941,206
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.