REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 12TH AUGUST 2023 TO 31ST AUGUST 2024 |
FOR |
CRAFT AND CANVAS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 12TH AUGUST 2023 TO 31ST AUGUST 2024 |
FOR |
CRAFT AND CANVAS LTD |
CRAFT AND CANVAS LTD (REGISTERED NUMBER: 15066689) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12TH AUGUST 2023 TO 31ST AUGUST 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CRAFT AND CANVAS LTD |
COMPANY INFORMATION |
FOR THE PERIOD 12TH AUGUST 2023 TO 31ST AUGUST 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
12 Market Street |
Hebden Bridge |
West Yorkshire |
HX7 6AD |
CRAFT AND CANVAS LTD (REGISTERED NUMBER: 15066689) |
BALANCE SHEET |
31ST AUGUST 2024 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
CRAFT AND CANVAS LTD (REGISTERED NUMBER: 15066689) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12TH AUGUST 2023 TO 31ST AUGUST 2024 |
1. | STATUTORY INFORMATION |
Craft And Canvas Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Fixtures and fittings | - |
Fixed assets are initial recorded at cost. |
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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
CRAFT AND CANVAS LTD (REGISTERED NUMBER: 15066689) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 12TH AUGUST 2023 TO 31ST AUGUST 2024 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31st August 2024 |
AMORTISATION |
Amortisation for period |
At 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
Additions |
At 31st August 2024 |
DEPRECIATION |
Charge for period |
At 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
VAT |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Tax |
Directors' current accounts | 80,317 |
Accrued expenses |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
Between one and five years |
CRAFT AND CANVAS LTD (REGISTERED NUMBER: 15066689) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 12TH AUGUST 2023 TO 31ST AUGUST 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 100 |
100 Ordinary shares of £1 each were allotted and fully paid for |