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REGISTERED NUMBER: 11030976 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Craft Glass Ltd

Craft Glass Ltd (Registered number: 11030976)






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


Craft Glass Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: L A Fletcher





REGISTERED OFFICE: 35 New Road
Stokenchurch
High Wycombe
HP14 3RT





REGISTERED NUMBER: 11030976 (England and Wales)





ACCOUNTANTS: Golden Valley Accountancy Limited
Unit 4
Westwood Industrial Estate
Pontrilas
Herefordshire
HR2 0EL

Craft Glass Ltd (Registered number: 11030976)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,343 98,631

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 116,694 89,231
Cash at bank and in hand 15,515 24,685
137,209 118,916
CREDITORS
Amounts falling due within one year 6 77,735 126,107
NET CURRENT ASSETS/(LIABILITIES) 59,474 (7,191 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,817

91,440

CREDITORS
Amounts falling due after more than
one year

7

53,515

-
NET ASSETS 143,302 91,440

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 143,300 91,438
143,302 91,440

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 director acknowledges his 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.

Craft Glass Ltd (Registered number: 11030976)

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 director and authorised for issue on 22 July 2025 and were signed by:





L A Fletcher - Director


Craft Glass Ltd (Registered number: 11030976)

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

1. STATUTORY INFORMATION

Craft Glass 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.

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.

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 3 (2023 - 3 ) .

Craft Glass Ltd (Registered number: 11030976)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 185,352
Additions 100,330
Disposals (34,096 )
At 31 October 2024 251,586
DEPRECIATION
At 1 November 2023 86,721
Charge for year 34,341
Eliminated on disposal (6,819 )
At 31 October 2024 114,243
NET BOOK VALUE
At 31 October 2024 137,343
At 31 October 2023 98,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 50,580 9,004
Other debtors 66,114 80,227
116,694 89,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 17,369 28,010
Hire purchase contracts 39,121 55,489
Trade creditors 7,819 27,079
Taxation and social security 5,778 8,653
Other creditors 7,648 6,876
77,735 126,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 53,515 -