1 October 2023 v2025.11.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP115769752023-10-012024-09-30115769752024-09-30115769752023-09-3011576975core:WithinOneYear2024-09-3011576975core:WithinOneYear2023-09-3011576975core:AfterOneYear2024-09-3011576975core:AfterOneYear2023-09-3011576975core:ShareCapital2024-09-3011576975core:ShareCapital2023-09-3011576975core:RetainedEarningsAccumulatedLosses2024-09-3011576975core:RetainedEarningsAccumulatedLosses2023-09-3011576975bus:Director12023-10-012024-09-3011576975bus:RegisteredOffice2023-10-012024-09-3011576975core:NetGoodwill2023-10-012024-09-3011576975core:PlantMachinery2023-10-012024-09-30115769752022-10-012023-09-3011576975core:NetGoodwill2024-09-3011576975core:NetGoodwill2023-10-0111576975core:NetGoodwill2023-09-3011576975core:LandBuildings2023-10-0111576975core:PlantMachinery2023-10-01115769752023-10-0111576975core:LandBuildings2023-10-012024-09-3011576975core:LandBuildings2024-09-3011576975core:PlantMachinery2024-09-3011576975core:LandBuildings2023-09-3011576975core:PlantMachinery2023-09-301157697512023-10-012024-09-3011576975countries:EnglandWales2023-10-012024-09-3011576975bus:AuditExemptWithAccountantsReport2023-10-012024-09-3011576975bus:PrivateLimitedCompanyLtd2023-10-012024-09-3011576975bus:SmallEntities2023-10-012024-09-3011576975bus:FullAccounts2023-10-012024-09-30
Company registration number:
11576975
Cheshire Craft Workshop Limited
Unaudited Filleted Financial Statements for the year ended
30 September 2024
Cheshire Craft Workshop Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Cheshire Craft Workshop Limited
Year ended
30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Cheshire Craft Workshop Limited
for the year ended
30 September 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Cheshire Craft Workshop Limited
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Cheshire Craft Workshop Limited
and state those matters that I have agreed to state to the Board of Directors of
Cheshire Craft Workshop Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Cheshire Craft Workshop Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Cheshire Craft Workshop 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
Cheshire Craft Workshop Limited
. You consider that
Cheshire Craft Workshop Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Cheshire Craft Workshop Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
18 December 2024
Cheshire Craft Workshop Limited
Statement of Financial Position
30 September 2024
20242023
Note££
Fixed assets    
Intangible assets 5
70,000
 
75,000
 
Tangible assets 6
5,381
 
2,822
 
75,381
 
77,822
 
Current assets    
Stocks
9,000
 
8,586
 
Debtors 7
2,900
 
3,521
 
Cash at bank and in hand
15,622
 
48,702
 
27,522
 
60,809
 
Creditors: amounts falling due within one year 8
(40,536
)
(78,940
)
Net current liabilities
(13,014
)
(18,131
)
Total assets less current liabilities 62,367   59,691  
Creditors: amounts falling due after more than one year 9
(50,000
)
(50,000
)
Provisions for liabilities
(425
)
(425
)
Net assets
11,942
 
9,266
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
11,941
 
9,265
 
Shareholders funds
11,942
 
9,266
 
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
19 December 2024
, and are signed on behalf of the board by:
E Fearnside
Director
Company registration number:
11576975
Cheshire Craft Workshop Limited
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Office 16, Hamilton Davies House
,
117c Liverpool Road
,
Cadishead
,
Manchester
,
M44 5BG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied or services supplied net of Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
26
(2023:
22.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 October 2023
and
30 September 2024
100,000
 
Amortisation  
At
1 October 2023
25,000
 
Charge
5,000
 
At
30 September 2024
30,000
 
Carrying amount  
At
30 September 2024
70,000
 
At 30 September 2023
75,000
 

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 October 2023
975
 
19,879
 
20,854
 
Additions
1,275
 
3,485
 
4,760
 
At
30 September 2024
2,250
 
23,364
 
25,614
 
Depreciation      
At
1 October 2023
390
 
17,642
 
18,032
 
Charge
450
 
1,751
 
2,201
 
At
30 September 2024
840
 
19,393
 
20,233
 
Carrying amount      
At
30 September 2024
1,410
 
3,971
 
5,381
 
At 30 September 2023
585
 
2,237
 
2,822
 

7 Debtors

20242023
££
Trade debtors -  
621
 
Other debtors
2,900
 
2,900
 
2,900
 
3,521
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors -  
2,172
 
Taxation and social security
10,262
 
14,384
 
Other creditors
30,274
 
62,384
 
40,536
 
78,940
 

9 Creditors: amounts falling due after more than one year

20242023
££
Other creditors
50,000
 
50,000
 

10 Director's advances, credit and guarantees

The amount owing to the director at the end of the year was £69,995 (2023 £105,777)