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REGISTERED NUMBER: 06204625 (England and Wales)















Craft of Communication Limited

Unaudited Financial Statements for the Year Ended 31 July 2024






Craft of Communication Limited (Registered number: 06204625)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craft of Communication Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr J H J Abulafia
Mrs T M Shaw
Miss I M E Shaw-Abulafia
Mr D J J Shaw-Abulafia





REGISTERED OFFICE: Atlantic House
8 Bell Lane
Uckfield
East Sussex
TN22 1QL





REGISTERED NUMBER: 06204625 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Craft of Communication Limited (Registered number: 06204625)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,635 2,029
1,635 2,029

CURRENT ASSETS
Debtors 6 86,942 97,130
Cash at bank and in hand 11,604 68
98,546 97,198
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

51,450

66,800
NET CURRENT ASSETS 47,096 30,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,731

32,427

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 48,631 32,327
SHAREHOLDERS' FUNDS 48,731 32,427

Craft of Communication Limited (Registered number: 06204625)

Balance Sheet - continued
31 July 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





Mr J H J Abulafia - Director


Craft of Communication Limited (Registered number: 06204625)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Craft of Communication 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Craft of Communication Limited (Registered number: 06204625)

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

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 50,000 170 50,170
AMORTISATION
At 1 August 2023
and 31 July 2024 50,000 170 50,170
NET BOOK VALUE
At 31 July 2024 - - -
At 31 July 2023 - - -

Craft of Communication Limited (Registered number: 06204625)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 13,583 9,847 23,430
Additions - 924 924
At 31 July 2024 13,583 10,771 24,354
DEPRECIATION
At 1 August 2023 13,483 7,918 21,401
Charge for year 100 1,218 1,318
At 31 July 2024 13,583 9,136 22,719
NET BOOK VALUE
At 31 July 2024 - 1,635 1,635
At 31 July 2023 100 1,929 2,029

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,572 18,480
Other debtors 73,370 78,650
86,942 97,130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 2,616
Trade creditors 5,004 1,030
Taxation and social security 40,296 55,753
Other creditors 6,150 7,401
51,450 66,800

8. CALLED UP SHARE CAPITAL

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

Craft of Communication Limited (Registered number: 06204625)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr J H J Abulafia and Mrs T M Shaw
Balance outstanding at start of year 43,945 81,929
Amounts advanced 14,675 6,895
Amounts repaid (9,399 ) (44,879 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,221 43,945

The loan is unsecured and repayable on demand. Interest has been charged at the official rate and amounted to £1,064 for the year (2023: £1156).

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed from another company owned by the shareholders and directors the amount of £7,723 (2023: £7,723).

Rent of £nil (2023: £5,207) was payable to Mrs T M Shaw in respect of office accommodation.

During the year the company paid dividends to its directors totalling £83,500 (2023: £103,500).