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REGISTERED NUMBER: 01576850 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CRAFTPRINT LIMITED

CRAFTPRINT LIMITED (REGISTERED NUMBER: 01576850)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRAFTPRINT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: A J Tait
M Tait



SECRETARY: A J Tait



REGISTERED OFFICE: Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



REGISTERED NUMBER: 01576850 (England and Wales)



ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



BANKERS: Co-operative Bank
P O Box 250
Skelmersdale
Merseyside
WN8 6WT

CRAFTPRINT LIMITED (REGISTERED NUMBER: 01576850)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 42,966 51,313
42,966 51,313

CURRENT ASSETS
Stocks 5,230 5,665
Debtors 7 117,226 124,928
Cash at bank and in hand 52,869 49,421
175,325 180,014
CREDITORS
Amounts falling due within one year 8 123,175 118,808
NET CURRENT ASSETS 52,150 61,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,116

112,519

CREDITORS
Amounts falling due after more than one
year

9

(5,834

)

(18,753

)

PROVISIONS FOR LIABILITIES (9,108 ) (10,231 )
NET ASSETS 80,174 83,535

CAPITAL AND RESERVES
Called up share capital 140 140
Capital redemption reserve 60 60
Retained earnings 79,974 83,335
SHAREHOLDERS' FUNDS 80,174 83,535

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CRAFTPRINT LIMITED (REGISTERED NUMBER: 01576850)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





A J Tait - Director


CRAFTPRINT LIMITED (REGISTERED NUMBER: 01576850)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Craftprint 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

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.


CRAFTPRINT LIMITED (REGISTERED NUMBER: 01576850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. 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
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 relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 18,000
AMORTISATION
At 1 November 2023
and 31 October 2024 18,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

CRAFTPRINT LIMITED (REGISTERED NUMBER: 01576850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 463,143 10,000 473,143
Additions 4,800 - 4,800
At 31 October 2024 467,943 10,000 477,943
DEPRECIATION
At 1 November 2023 413,504 8,326 421,830
Charge for year 12,727 420 13,147
At 31 October 2024 426,231 8,746 434,977
NET BOOK VALUE
At 31 October 2024 41,712 1,254 42,966
At 31 October 2023 49,639 1,674 51,313

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 November 2023 103,792
Transfer to ownership (89,792 )
At 31 October 2024 14,000
DEPRECIATION
At 1 November 2023 80,387
Charge for year 1,400
Transfer to ownership (77,470 )
At 31 October 2024 4,317
NET BOOK VALUE
At 31 October 2024 9,683
At 31 October 2023 23,405

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,635 121,482
Prepayments 5,591 3,446
117,226 124,928

CRAFTPRINT LIMITED (REGISTERED NUMBER: 01576850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,914 3,500
Trade creditors 78,089 79,727
Tax 15,362 13,837
Social security and other taxes 2,407 1,171
VAT 6,821 4,893
Other creditors 1,000 1,000
Directors current account 79 66
Accruals and deferred income 6,503 4,614
123,175 118,808

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 5,834 15,836
Hire purchase contracts - 2,917
5,834 18,753

10. RELATED PARTY DISCLOSURES

During the year the company paid rent amounting to £21,000 (2023 - £21,000) to the JWT Directors Pension Fund, a scheme in which director J Tait was materially interested as trustee and member until he passed away in August 2023. The rent, which is paid under a formal lease arrangement, is in respect of the premises from which the company conducts its day to day operations. At the balance sheet there were no monies outstanding.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Tait who owns 72 of the 140 shares issued.