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Registered number: 01290524
International Craft & Hobby Fair Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Alchemy Financial Solutions Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 01290524
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,008 12,347
6,008 12,347
CURRENT ASSETS
Debtors 5 2,535,588 1,286,496
Cash at bank and in hand 40,711 85,553
2,576,299 1,372,049
Creditors: Amounts Falling Due Within One Year 6 (2,455,720 ) (1,250,039 )
NET CURRENT ASSETS (LIABILITIES) 120,579 122,010
TOTAL ASSETS LESS CURRENT LIABILITIES 126,587 134,357
Creditors: Amounts Falling Due After More Than One Year 7 (59,464 ) (67,867 )
NET ASSETS 67,123 66,490
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 67,023 66,390
SHAREHOLDERS' FUNDS 67,123 66,490
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Burns
Director
27/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
International Craft & Hobby Fair Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01290524 . The registered office is Dominic House, Seaton Road, Highcliffe, Christchurch, BH23 5HW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
Leasehold 0
Plant & Machinery 25%- RB
Motor Vehicles 0
Fixtures & Fittings 0
Computer Equipment 25%- RB
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 14)
14 14
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 74,555 84,885 12,458 56,619 228,517
As at 30 June 2024 74,555 84,885 12,458 56,619 228,517
Depreciation
As at 1 July 2023 74,555 70,391 12,458 58,766 216,170
Provided during the period - 4,544 - 1,795 6,339
As at 30 June 2024 74,555 74,935 12,458 60,561 222,509
Net Book Value
As at 30 June 2024 - 9,950 - (3,942 ) 6,008
As at 1 July 2023 - 14,494 - (2,147 ) 12,347
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 143,382 12,737
Amounts owed by group undertakings 1,869,700 710,122
Other debtors 522,506 563,637
2,535,588 1,286,496
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,111,337 325,166
Bank loans and overdrafts 187,500 312,500
Amounts owed to group undertakings 180,000 -
Other creditors 784,764 536,081
Taxation and social security 192,119 76,292
2,455,720 1,250,039
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 59,464 67,867
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3