Mary Joy Community Crafts Outlet Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 11294643

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		229

			-		229
CURRENT ASSETS
Stocks	5	35,204		34,023
Cash at bank and in hand		931		584

		36,135		34,607
Creditors: Amounts Falling Due Within One Year	6	(40,019 )		(28,648 )

NET CURRENT ASSETS (LIABILITIES)			(3,884 )		5,959

TOTAL ASSETS LESS CURRENT LIABILITIES			(3,884 )		6,188

NET (LIABILITIES)/ASSETS			(3,884 )		6,188

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(3,984 )		6,088

SHAREHOLDERS' FUNDS			(3,884)		6,188

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements were approved by the director on 17 September 2025 and were signed on its behalf by:

Mr R J Murray

Director

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Mary Joy Community Crafts Outlet Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11294643 . The registered office is 4 Merebrook Close, Macclesfield, SK11 8QD.

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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The director has reviewed the company's financial position, cash flow forecasts and future prospects, and have received assurances that adequate resources will be available to meet liabilities as they fall due. Based on this assessment, the director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. Accordingly, they consider it appropriate to prepare the financial statements on a going concern basis.

2.3. 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.

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.

2.4. 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:

Plant and Machinery

20% reducing balance

2.5. Stocks and Work in Progress

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 stocks. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording profit (when appropriate) and related costs as contract activity progresses.

2.6. Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Current and deferred tax liabilities are not discounted.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

Page 2

Page 3

Mary Joy Community Crafts Outlet Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Plant and Machinery
	£
Cost
As at 1 May 2024	3,515

As at 30 April 2025	3,515

Depreciation
As at 1 May 2024	3,286
Provided during the period	229

As at 30 April 2025	3,515

Net Book Value
As at 30 April 2025	-

As at 1 May 2024	229

5. Stocks

	2025	2024
	£	£
Stock	35,204	34,023

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Accrued expenses	9,000	390
Director's loan account	31,019	28,258

	40,019	28,648

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

Page 3