Hobbies & Handicrafts Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 05243445

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		886		1,042

			886		1,042
CURRENT ASSETS
Stocks	5	13,015		2,855
Debtors	6	21,024		27,361
Cash at bank and in hand		3,481		1,234

		37,520		31,450
Creditors: Amounts Falling Due Within One Year	7	(4,578 )		(7,935 )

NET CURRENT ASSETS (LIABILITIES)			32,942		23,515

TOTAL ASSETS LESS CURRENT LIABILITIES			33,828		24,557

NET ASSETS			33,828		24,557

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			33,728		24,457

SHAREHOLDERS' FUNDS			33,828		24,557

Page 1

Page 2

Hobbies & Handicrafts Ltd

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 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.

On behalf of the board

Mr Rodney Jenner

Director

11 July 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Hobbies & Handicrafts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05243445 . The registered office is Unit 18 Dorewards Chase, Bocking, Essex, CM7 5LS.

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. 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.

2.3. 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 & Machinery

15% Reducing balance

2.4. 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 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 turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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Hobbies & Handicrafts Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 October 2023	1,443

As at 30 September 2024	1,443

Depreciation
As at 1 October 2023	401
Provided during the period	156

As at 30 September 2024	557

Net Book Value
As at 30 September 2024	886

As at 1 October 2023	1,042

5. Stocks

	2024	2023
	£	£
Stock	13,015	2,855

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	21,024	27,361

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	502
Bank loans and overdrafts	-	342
Other creditors	1,655	2,341
Taxation and social security	2,923	4,750

	4,578	7,935

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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