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REGISTERED NUMBER: 02788736 (England and Wales)












REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CRAFTWORK CONSTRUCTION LIMITED

CRAFTWORK CONSTRUCTION LIMITED (REGISTERED NUMBER: 02788736)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company information 1

Report of the director 2

Chartered accountants' report 3

Income statement 4

Balance sheet 5

Notes to the financial statements 7


CRAFTWORK CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S Kelly





REGISTERED OFFICE: 415 Blackburn Road
Bolton
BL1 8NJ





REGISTERED NUMBER: 02788736 (England and Wales)





ACCOUNTANTS: Hunter & Co.
Chartered Accountants
415 Blackburn Road
Bolton
BL1 8NJ

CRAFTWORK CONSTRUCTION LIMITED (REGISTERED NUMBER: 02788736)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 APRIL 2024

The director presents his report with the financial statements of the company for the year ended 30 April 2024.

DIRECTOR
S Kelly held office during the whole of the period from 1 May 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Kelly - Director


25 January 2025

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CRAFTWORK CONSTRUCTION LIMITED


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Craftwork Construction Limited for the year ended 30 April 2024 which comprise the Income statement, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Craftwork Construction Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Craftwork Construction Limited and state those matters that we have agreed to state to the director of Craftwork Construction Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Craftwork Construction Limited and its director for our work or for this report.

It is your duty to ensure that Craftwork Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Craftwork Construction Limited. You consider that Craftwork Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Craftwork Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hunter & Co.
Chartered Accountants
415 Blackburn Road
Bolton
BL1 8NJ


25 January 2025

CRAFTWORK CONSTRUCTION LIMITED (REGISTERED NUMBER: 02788736)

INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

TURNOVER 610,134 432,949

Cost of sales (355,482 ) (266,748 )
GROSS PROFIT 254,652 166,201

Administrative expenses (60,350 ) (48,324 )
194,302 117,877

Other operating income 5,280 4,760
OPERATING PROFIT 4 199,582 122,637

Interest receivable and similar income 3,294 940
PROFIT BEFORE TAXATION 202,876 123,577

Tax on profit (49,942 ) (23,827 )
PROFIT FOR THE FINANCIAL YEAR 152,934 99,750

CRAFTWORK CONSTRUCTION LIMITED (REGISTERED NUMBER: 02788736)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 109,875 90,601

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 82,160 11,860
Prepayments and accrued income 6,585 6,162
Cash at bank 247,129 208,386
338,374 228,908
CREDITORS
Amounts falling due within one year 7 (86,771 ) (54,814 )
NET CURRENT ASSETS 251,603 174,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,478

264,695

PROVISIONS FOR LIABILITIES 8 (4,969 ) -
NET ASSETS 356,509 264,695

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 2 2
Retained earnings 356,505 264,691
SHAREHOLDERS' FUNDS 356,509 264,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CRAFTWORK CONSTRUCTION LIMITED (REGISTERED NUMBER: 02788736)

BALANCE SHEET - continued
30 APRIL 2024


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

The financial statements were approved by the director and authorised for issue on 25 January 2025 and were signed by:





S Kelly - Director


CRAFTWORK CONSTRUCTION LIMITED (REGISTERED NUMBER: 02788736)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Craftwork Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the year end date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates. The main judgements and estimates made by the directors relate to the relevance of depreciation policies in relation to tangible and intangible fixed assets.

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.
Plant and machinery etc - at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


CRAFTWORK CONSTRUCTION LIMITED (REGISTERED NUMBER: 02788736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 8,301 5,200
Depreciation - owned assets 6,625 1,119

CRAFTWORK CONSTRUCTION LIMITED (REGISTERED NUMBER: 02788736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 90,000 26,897 116,897
Additions - 26,500 26,500
Disposals - (12,865 ) (12,865 )
At 30 April 2024 90,000 40,532 130,532
DEPRECIATION
At 1 May 2023 - 26,296 26,296
Charge for year - 6,625 6,625
Eliminated on disposal - (12,264 ) (12,264 )
At 30 April 2024 - 20,657 20,657
NET BOOK VALUE
At 30 April 2024 90,000 19,875 109,875
At 30 April 2023 90,000 601 90,601

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,160 11,860

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,875 14,971
Taxation and social security 65,594 35,675
Other creditors 3,302 4,168
86,771 54,814

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,969 -

Deferred
tax
£   
Provided during year 4,969
Balance at 30 April 2024 4,969