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REGISTERED NUMBER: 07464145 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

CRAFTMORE LTD

CRAFTMORE LTD (REGISTERED NUMBER: 07464145)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRAFTMORE LTD

Company Information
for the Year Ended 31st December 2024







DIRECTOR: J E Thorp





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 07464145 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

CRAFTMORE LTD (REGISTERED NUMBER: 07464145)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,535 69,686

CURRENT ASSETS
Debtors 5 - 32,518
Cash at bank 19,504 20,146
19,504 52,664
CREDITORS
Amounts falling due within one year 6 16,300 27,658
NET CURRENT ASSETS 3,204 25,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,739

94,692

CREDITORS
Amounts falling due after more than one
year

7

(16,749

)

(2,222

)

PROVISIONS FOR LIABILITIES (17,012 ) (13,241 )
NET ASSETS 58,978 79,229

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 58,977 79,228
SHAREHOLDERS' FUNDS 58,978 79,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

CRAFTMORE LTD (REGISTERED NUMBER: 07464145)

Balance Sheet - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th March 2025 and were signed by:





J E Thorp - Director


CRAFTMORE LTD (REGISTERED NUMBER: 07464145)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Craftmore Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and Straight line over 4 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

CRAFTMORE LTD (REGISTERED NUMBER: 07464145)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 150,795
Additions 76,868
Disposals (35,954 )
At 31st December 2024 191,709
DEPRECIATION
At 1st January 2024 81,109
Charge for year 37,206
Eliminated on disposal (16,141 )
At 31st December 2024 102,174
NET BOOK VALUE
At 31st December 2024 89,535
At 31st December 2023 69,686

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 58,850
At 31st December 2024 58,850
DEPRECIATION
Charge for year 14,713
At 31st December 2024 14,713
NET BOOK VALUE
At 31st December 2024 44,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 32,518

CRAFTMORE LTD (REGISTERED NUMBER: 07464145)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,399 7,141
Trade creditors 658 6,238
Taxation and social security (3,548 ) 11,275
Other creditors 5,791 3,004
16,300 27,658

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 16,749 2,222

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024 2023
£    £   
J E Thorp
Balance outstanding at start of year 1,344 6,232
Amounts advanced 5,628 5,310
Amounts repaid (2,975 ) (10,198 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,997 1,344

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E Thorp.