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REGISTERED NUMBER: 07972124 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Chocolate Craft Ltd

Chocolate Craft Ltd (Registered number: 07972124)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chocolate Craft Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mrs P J Sherry





REGISTERED OFFICE: Unit 1, Upton Park Farm
Old Alresford
Alresford
Winchester
Hampshire
SO24 9EB





REGISTERED NUMBER: 07972124 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Chocolate Craft Ltd (Registered number: 07972124)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,521 5,564

CURRENT ASSETS
Stocks 19,789 24,343
Debtors 5 22,904 10,185
Cash at bank and in hand 25,326 30,752
68,019 65,280
CREDITORS
Amounts falling due within one year 6 32,616 35,449
NET CURRENT ASSETS 35,403 29,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,924

35,395

PROVISIONS FOR LIABILITIES 8 1,162 1,057
NET ASSETS 39,762 34,338

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 39,662 34,238
SHAREHOLDERS' FUNDS 39,762 34,338

Chocolate Craft Ltd (Registered number: 07972124)

Balance Sheet - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:





Mrs P J Sherry - Director


Chocolate Craft Ltd (Registered number: 07972124)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Chocolate Craft Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance basis
Fixtures and fittings - 25% reducing balance basis
Computer equipment - 33% reducing balance basis

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Cost is calculated using the first-in, first-out method and includes all purchases, transport, and handling costs in bringing the stocks to their present location and condition.

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.

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.

Chocolate Craft Ltd (Registered number: 07972124)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 13,132 1,540 10,296 24,968
Additions - - 3,172 3,172
Disposals (304 ) - (6,529 ) (6,833 )
At 31 March 2025 12,828 1,540 6,939 21,307
DEPRECIATION
At 1 April 2024 10,159 1,180 8,065 19,404
Charge for year 730 91 1,361 2,182
Eliminated on disposal (251 ) - (5,549 ) (5,800 )
At 31 March 2025 10,638 1,271 3,877 15,786
NET BOOK VALUE
At 31 March 2025 2,190 269 3,062 5,521
At 31 March 2024 2,973 360 2,231 5,564

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 22,226 9,529
Prepayments 678 656
22,904 10,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 9,822 9,346
Corporation tax 2,714 2,717
Social security and other taxes 499 292
VAT 10,791 10,785
Directors' current accounts 650 1,300
Accruals and deferred income 8,140 11,009
32,616 35,449

Chocolate Craft Ltd (Registered number: 07972124)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 4,340 4,170

The company has a tenancy at will with the landlord of the trading premises, with a minimum of three months notice of an intention to terminate the agreement on both sides.

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 1,162 1,057

Deferred
tax
£   
Balance at 1 April 2024 1,057
Accelerated capital allowances 105
Balance at 31 March 2025 1,162

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
90 Ordinary £1 90 90
10 Ordinary 'A' £1 10 10
100 100

The Ordinary shares and Ordinary 'A' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,500 (2024 - £19,000) were paid to the director .

At the balance sheet date £650 (2024 - £1,300) was owed to the director.