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REGISTERED NUMBER: 11824016 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Crafty Jax Limited

Crafty Jax Limited (Registered number: 11824016)






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


Crafty Jax Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D S T Taylor





SECRETARY: Mrs J L Taylor





REGISTERED OFFICE: Unit 13, Edgerley Business Park
Challenger Way
Fengate
Peterborough
PE1 5EX





REGISTERED NUMBER: 11824016 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Crafty Jax Limited (Registered number: 11824016)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,722 4,549

CURRENT ASSETS
Stocks 5 19,000 21,500
Cash at bank 11,859 12,822
30,859 34,322
CREDITORS
Amounts falling due within one year 6 23,179 27,010
NET CURRENT ASSETS 7,680 7,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,402

11,861

PROVISIONS FOR LIABILITIES 7 372 270
NET ASSETS 12,030 11,591

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 11,930 11,491
SHAREHOLDERS' FUNDS 12,030 11,591

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 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.

Crafty Jax Limited (Registered number: 11824016)

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 director and authorised for issue on 27 January 2025 and were signed by:





D S T Taylor - Director


Crafty Jax Limited (Registered number: 11824016)

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

1. STATUTORY INFORMATION

Crafty Jax 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 - 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Crafty Jax Limited (Registered number: 11824016)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 8,280
Additions 1,007
At 31 March 2024 9,287
DEPRECIATION
At 1 April 2023 3,731
Charge for year 834
At 31 March 2024 4,565
NET BOOK VALUE
At 31 March 2024 4,722
At 31 March 2023 4,549

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 19,000 21,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security - 2,395
Other creditors 23,179 24,615
23,179 27,010

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 372 270

Deferred
tax
£   
Balance at 1 April 2023 270
Charge to Income Statement during year 102
Balance at 31 March 2024 372

Crafty Jax Limited (Registered number: 11824016)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 11,491
Profit for the year 439
At 31 March 2024 11,930

10. ULTIMATE CONTROLLING PARTY

The controlling party is D S T Taylor.

Mr DST Taylor has provided funds into the company in the sum of £1,400 (2023, £1,400), a company under his control has also provided commercial funding of £20,699 (2023, £22,735).