Company Registration No. 12673643 (England and Wales)
Cellcraft Ltd.
Unaudited accounts
for the year ended 30 June 2024
Cellcraft Ltd.
Unaudited accounts
Contents
Cellcraft Ltd.
Company Information
for the year ended 30 June 2024
Directors
Yash Mishra
Clarisse Marie Esther Beurrier
Company Number
12673643 (England and Wales)
Registered Office
167-169 Great Portland Street
5th Floor
London
W1W 5PF
England
Cellcraft Ltd.
Statement of financial position
as at 30 June 2024
Tangible assets
45,942
36,794
Cash at bank and in hand
1,173,417
2,034,439
Creditors: amounts falling due within one year
(26,410)
(20,824)
Net current assets
1,183,844
2,091,122
Net assets
1,230,835
2,127,916
Called up share capital
1,427
1,427
Share premium
3,058,184
3,058,184
Profit and loss account
(1,828,776)
(931,695)
Shareholders' funds
1,230,835
2,127,916
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by
Yash Mishra
Director
Company Registration No. 12673643
Cellcraft Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Cellcraft Ltd. is a private company, limited by shares, registered in England and Wales, registration number 12673643. The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10 years straight line
Computer equipment
4 years straight line
Other tangible fixed assets
3 years straight line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Intangible fixed assets are included at cost less accumulated amortisation.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
Cellcraft Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Intangible fixed assets
Other
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
36,442
2,876
39,318
Additions
11,869
6,090
17,959
At 30 June 2024
48,311
8,966
57,277
At 1 July 2023
2,464
60
2,524
Charge for the year
6,584
2,227
8,811
At 30 June 2024
9,048
2,287
11,335
At 30 June 2024
39,263
6,679
45,942
At 30 June 2023
33,978
2,816
36,794
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Investments
Subsidiary undertakings
Valuation at 1 July 2023
-
Valuation at 30 June 2024
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Investments in subsidiaries are stated at cost less any provision for impairment. The company assesses at each reporting date whether an investment may be impaired and records an impairment loss if necessary.
Cellcraft Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
3,290
-
Other debtors
3,000
11,840
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
7,023
3,343
Taxes and social security
19,116
16,916
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Average number of employees
During the year the average number of employees was 11 (2023: 9).