Company Registration No. 11010591 (England and Wales)
The Buckinghamshire Craft Guild Limited
Unaudited accounts
for the year ended 31 October 2024
The Buckinghamshire Craft Guild Limited
Unaudited accounts
Contents
The Buckinghamshire Craft Guild Limited
Company Information
for the year ended 31 October 2024
Company Number
11010591 (England and Wales)
Registered Office
Layby Farm
Old Risborough Road
Stoke Mandeville
HP22 5XJ
Accountants
MJ Bookkeeping Services Limited
Unit 6 The Courtyard
Milton Road
Aylesbury
Buckinghamshire
HP21 7LZ
The Buckinghamshire Craft Guild Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
12,757
16,738
Creditors: amounts falling due within one year
(4,311)
(8,130)
Net current assets
8,846
9,045
Called up share capital
1
1
Profit and loss account
9,248
9,817
Shareholders' funds
9,249
9,818
For the year ending 31 October 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 July 2025 and were signed on its behalf by
Ms P Woodcock
Director
Company Registration No. 11010591
The Buckinghamshire Craft Guild Limited
Notes to the Accounts
for the year ended 31 October 2024
The Buckinghamshire Craft Guild Limited is a private company, limited by shares, registered in England and Wales, registration number 11010591. The registered office is Layby Farm, Old Risborough Road, Stoke Mandeville, HP22 5XJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
5,409
689
6,098
At 31 October 2024
5,409
689
6,098
At 1 November 2023
4,938
387
5,325
Charge for the year
198
172
370
At 31 October 2024
5,136
559
5,695
At 31 October 2024
273
130
403
At 31 October 2023
471
302
773
The Buckinghamshire Craft Guild Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,811
7,435
Loans from directors
-
695
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).