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CRAFTSANDBUSYGIFTS LTD

Registered Number
13318805
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

CRAFTSANDBUSYGIFTS LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

ODEWALE, Ayodeji Peter

Registered Address

70 Wash Road
Basildon
SS15 4EA

Registered Number

13318805 (England and Wales)
CRAFTSANDBUSYGIFTS LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets364,38951,864
64,38951,864
Current assets
Debtors3,17514,549
Cash at bank and on hand2,7181,855
5,89316,404
Creditors amounts falling due within one year4(41,815)(21,005)
Net current assets (liabilities)(35,922)(4,601)
Total assets less current liabilities28,46747,263
Creditors amounts falling due after one year5(1,095)(16,695)
Net assets27,37230,568
Capital and reserves
Called up share capital100100
Profit and loss account27,27230,468
Shareholders' funds27,37230,568
The financial statements were approved and authorised for issue by the Director on 23 January 2025, and are signed on its behalf by:
ODEWALE, Ayodeji Peter
Director
Registered Company No. 13318805
CRAFTSANDBUSYGIFTS LTD
Notes to the Financial Statements
for the year ended 30 April 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 May 2348,23314,49062,723
Additions26,9952,30029,295
At 30 April 2475,22816,79092,018
Depreciation and impairment
At 01 May 234,8236,03610,859
Charge for year14,0812,68916,770
At 30 April 2418,9048,72527,629
Net book value
At 30 April 2456,3248,06564,389
At 30 April 2343,4108,45451,864
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables29,2831,433
Bank borrowings and overdrafts12,53219,572
Total41,81521,005
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,09516,695
Total1,09516,695