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REGISTERED NUMBER: 03730641 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Craft Works (Bristol) Limited

Craft Works (Bristol) Limited (Registered number: 03730641)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Craft Works (Bristol) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Miss J Maddalena





SECRETARY: Mr P Maddalena





REGISTERED OFFICE: 355/357 Gloucester Road
Horfield
Bristol
BS7 8TG





REGISTERED NUMBER: 03730641 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Craft Works (Bristol) Limited (Registered number: 03730641)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,075 13,723

CURRENT ASSETS
Stocks 5 50,681 42,053
Cash at bank and in hand 15,300 7,116
65,981 49,169
CREDITORS
Amounts falling due within one year 6 115,896 110,146
NET CURRENT LIABILITIES (49,915 ) (60,977 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(36,840

)

(47,254

)

PROVISIONS FOR LIABILITIES 7 243 307
NET LIABILITIES (37,083 ) (47,561 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (37,183 ) (47,661 )
SHAREHOLDERS' FUNDS (37,083 ) (47,561 )

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

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

The director acknowledges her 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.

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 13 March 2025 and were signed by:





Miss J Maddalena - Director


Craft Works (Bristol) Limited (Registered number: 03730641)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Craft Works (Bristol) 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.
Short leasehold - 2% on cost
Plant & Equipment - 15% on reducing balance basis
Fixtures and fittings - 15% on reducing balance basis
Computer equipment - 33.33% on reducing balance basis

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.

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 5 (2023 - 5 ) .

Craft Works (Bristol) Limited (Registered number: 03730641)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant & and Computer
leasehold Equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 13,855 14,617 21,860 11,502 61,834
DEPRECIATION
At 1 July 2023 1,940 14,096 21,117 10,958 48,111
Charge for year 277 78 111 182 648
At 30 June 2024 2,217 14,174 21,228 11,140 48,759
NET BOOK VALUE
At 30 June 2024 11,638 443 632 362 13,075
At 30 June 2023 11,915 521 743 544 13,723

5. STOCKS
2024 2023
£    £   
Stocks 50,681 42,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,011 17,327
Social security and other taxes 3,576 1,727
Private Loans 5,055 5,055
Company Credit Card 6,441 3,357
Other creditors 30,121 30,848
Directors' loan accounts 48,764 48,764
Accrued expenses 2,928 3,068
115,896 110,146

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 243 307

Deferred
tax
£   
Balance at 1 July 2023 307
Decrease in Provision (64 )
Balance at 30 June 2024 243

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100

Craft Works (Bristol) Limited (Registered number: 03730641)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RESERVES
Retained
earnings
£   

At 1 July 2023 (47,661 )
Profit for the year 10,478
At 30 June 2024 (37,183 )

10. TRANSACTIONS WITH DIRECTORS

The following loan from a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Miss J Maddalena
Balance outstanding at start of year 48,764 48,782
Amounts repaid - (18 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,764 48,764

11. ULTIMATE CONTROLLING PARTY

The company was under the control of the Miss J Maddalena by virtue of her shareholding in the company.