International Craft(Wholesale) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11322540

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		410,000		530,000
Tangible Assets	5		123,992		79,948
Investments	6		411,001		404,356

			944,993		1,014,304
CURRENT ASSETS
Stocks		428,381		334,474
Debtors	7	172,453		172,453
Cash at bank and in hand		1,462,319		1,610,199

		2,063,153		2,117,126
Creditors: Amounts Falling Due Within One Year	8	(193,450 )		(244,904 )

NET CURRENT ASSETS (LIABILITIES)			1,869,703		1,872,222

TOTAL ASSETS LESS CURRENT LIABILITIES			2,814,696		2,886,526

NET ASSETS			2,814,696		2,886,526

CAPITAL AND RESERVES
Called up share capital	9		100		100
Share premium account			1,399,900		1,399,900
Profit and Loss Account			1,414,696		1,486,526

SHAREHOLDERS' FUNDS			2,814,696		2,886,526

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International Craft(Wholesale) Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 directors acknowledge their 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 Retesh Patel

Director

19/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

International Craft(Wholesale) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11322540 . The registered office is Unit 4 Empire Centre , Imperial Way, Watford, Herts, WD24 4YH.

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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is measured at cost less accumulative amortisation and any accumulative impairment losses. It is amortised to profit and loss account over its estimated economic life of 20 years.

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 & Machinery	25% per annum
Motor Vehicles	25% per annum
Fixtures & Fittings	25% per annum

2.5. Stocks and Work in Progress

Stocks 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.

2.6. Financial Instruments

Investments are held at the lower of cost and net realisable value. Net realisable value is determined by the open market value where investments are traded on a recognised exchange.

2.7. Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current period.

2.8. Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2.9. Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2.10. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

2.11. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price).

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 7)

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International Craft(Wholesale) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	1,200,000

As at 31 December 2024	1,200,000

Amortisation
As at 1 January 2024	670,000
Provided during the period	120,000

As at 31 December 2024	790,000

Net Book Value
As at 31 December 2024	410,000

As at 1 January 2024	530,000

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	41,182	97,990	139,172
Additions	2,799	82,000	84,799

As at 31 December 2024	43,981	179,990	223,971

Depreciation
As at 1 January 2024	34,726	24,498	59,224
Provided during the period	1,882	38,873	40,755

As at 31 December 2024	36,608	63,371	99,979

Net Book Value
As at 31 December 2024	7,373	116,619	123,992

As at 1 January 2024	6,456	73,492	79,948

6. Investments

	Other
	£
Cost or Valuation
As at 1 January 2024	404,356
Additions	6,645

As at 31 December 2024	411,001

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	411,001

As at 1 January 2024	404,356

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International Craft(Wholesale) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	172,453	172,453

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	18,017	19,189
Corporation tax	43,819	111,390
Other taxes and social security	121,647	104,339
Other creditors	8,720	8,424
Directors' loan accounts	1,247	1,562

	193,450	244,904

9. Share Capital

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

10. Directors Advances, Credits and Guarantees

Dividends totalling £137,700 (2023 - £156,950) were paid in the year in respect of shares held by the company's directors and shareholders.

11. Related Party Transactions

Other debtors of £172,453 (2023 - £172,453) represents a loan made to a company in which some of the directors have an interest. The loan has been made on an interest free basis and is repayable on demand.