Company registration number 1631429 (England and Wales)
CONFERENCE CRAFT LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
CONFERENCE CRAFT LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
CONFERENCE CRAFT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The directors present their annual report and financial statements for the year ended 30 June 2024.

Principal activities

The principal activity of the company continued to be that of providing goods and services for conferences ,exhibitions for training purposes.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

N C Deacon
M P Flatman
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
N C Deacon
Director
25 March 2025
CONFERENCE CRAFT LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
117,660
86,403
Current assets
Debtors
4
86,002
53,595
Cash at bank and in hand
227,375
148,195
313,377
201,790
Creditors: amounts falling due within one year
5
(182,689)
(149,526)
Net current assets
130,688
52,264
Total assets less current liabilities
248,348
138,667
Creditors: amounts falling due after more than one year
6
(310)
(256)
Net assets
248,038
138,411
Capital and reserves
Called up share capital
25,000
17,500
Share premium account
13,600
13,600
Capital redemption reserve
2,500
2,500
Profit and loss reserves
206,938
104,811
Total equity
248,038
138,411
CONFERENCE CRAFT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 3 -

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 March 2025 and are signed on its behalf by:
N C Deacon
Director
Company registration number 1631429 (England and Wales)
CONFERENCE CRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

Conference Craft Limited is a private company limited by shares incorporated in England and Wales. The registered office is 308 Ewell Road, Surbiton, Surrey, KT6 7AL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
5% on cost for impoovements
Plant and equipment
3-8 years straight Line
Fixtures and fittings
4-5 year straight line
Motor vehicles
5 years straight line

Freehold land and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CONFERENCE CRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
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 relevent period.The capital element of the future payments is treated as a liability.
1.6
Pension costs and other post-retirement benefits
The company operates defined contribution persion scheme for its staff.Contributions to the schemes are charged to the profit and loss account in the year in which they become payable in accordance with the rules of the schemes.
1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
9
9
CONFERENCE CRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2023
5,190
590,985
596,175
Additions
-
0
68,949
68,949
Disposals
-
0
(57,686)
(57,686)
At 30 June 2024
5,190
602,248
607,438
Depreciation and impairment
At 1 July 2023
5,190
504,582
509,772
Depreciation charged in the year
-
0
36,228
36,228
Eliminated in respect of disposals
-
0
(56,222)
(56,222)
At 30 June 2024
5,190
484,588
489,778
Carrying amount
At 30 June 2024
-
0
117,660
117,660
At 30 June 2023
-
0
86,403
86,403
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
52,844
29,864
Other debtors
33,158
23,731
86,002
53,595
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
28,248
47,193
Corporation tax
45,751
36,173
Other taxation and social security
20,779
20,494
Other creditors
87,911
45,666
182,689
149,526
CONFERENCE CRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
310
256
7
Directors' transactions

Dividends totalling £100,000 (2023 - £20,000) were paid in the year in respect of shares held by the company's directors.

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