Registration number: 05585954

Mewscraft Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Mewscraft Ltd

Company Information

Directors

CHP Cripwell

Registered office

Cwm Maddoc Farm Broad Oak Hereford HR2 8QZ

Accountants

Boon and Worth Limited Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Mewscraft Ltd

(Registration number: 05585954)
Balance Sheet as at 31 October 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	64,050	11,294
Current assets
Stocks	6	48,108	28,465
Debtors	7	294,206	497,700
Cash at bank and in hand		96,617	15,857
		438,931	542,022
Creditors: Amounts falling due within one year	8	(173,068)	(299,931)
Net current assets		265,863	242,091
Total assets less current liabilities		329,913	253,385
Creditors: Amounts falling due after more than one year	8	(50,854)	(19,999)
Provisions for liabilities		(1,034)	(1,572)
Net assets		278,025	231,814
Capital and reserves
Called up share capital	9	2	2
Retained earnings		278,023	231,812
Shareholders' funds		278,025	231,814

Mewscraft Ltd

(Registration number: 05585954)
Balance Sheet as at 31 October 2024

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 August 2025 and signed on its behalf by:
 

......................................... CHP Cripwell Director

Mewscraft Ltd

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

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Cwm Maddoc Farm
Broad Oak
Hereford
HR2 8QZ
United Kingdom

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Mewscraft Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance
Office equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Mewscraft Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

Mewscraft Ltd

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

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2023	450	450
At 31 October 2024	450	450
Amortisation
At 1 November 2023	450	450
At 31 October 2024	450	450
Carrying amount
At 31 October 2024	-	-

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 November 2023	-	847	44,076	24,145
Additions	61,750	-	-	-
At 31 October 2024	61,750	847	44,076	24,145
Depreciation
At 1 November 2023	-	806	36,636	20,332
Charge for the year	6,175	6	1,860	953
At 31 October 2024	6,175	812	38,496	21,285
Carrying amount
At 31 October 2024	55,575	35	5,580	2,860
At 31 October 2023	-	41	7,440	3,813

Mewscraft Ltd

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

	Total £
Cost or valuation
At 1 November 2023	69,068
Additions	61,750
At 31 October 2024	130,818
Depreciation
At 1 November 2023	57,774
Charge for the year	8,994
At 31 October 2024	66,768
Carrying amount
At 31 October 2024	64,050
At 31 October 2023	11,294

Mewscraft Ltd

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

6

Stocks

	2024 £	2023 £
Work in progress	29,501	10,795
Finished goods and goods for resale	18,607	17,670
	48,108	28,465

7

Debtors

Current	2024 £	2023 £
Trade debtors	91,393	188,375
Prepayments	3,466	4,079
Other debtors	199,347	305,246
	294,206	497,700

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		10,000	10,000
Trade creditors		47,322	175,183
Taxation and social security		70,871	74,852
Accruals and deferred income		1,964	1,474
Other creditors		42,911	38,422
		173,068	299,931

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		50,854	19,999

Mewscraft Ltd

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

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary share of £1 each	2	2	2	2