REGISTERED NUMBER: 06190465 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Procraft Design Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Jarvis

P Harmer

B Jones

REGISTERED OFFICE:

Unit 3

Enderby Road Industrial Estate

Whetstone

Leicester

LE8 6HZ

REGISTERED NUMBER:

06190465 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

45,266

55,560

CURRENT ASSETS

Stocks

20,000

64,200

Debtors

5

201,018

140,080

Cash at bank and in hand

6,869

1,010

227,887

205,290

CREDITORS

Amounts falling due within one year

6

(231,337

)

(188,063

)

NET CURRENT (LIABILITIES)/ASSETS

(3,450

)

17,227

TOTAL ASSETS LESS CURRENT LIABILITIES

41,816

72,787

CREDITORS

Amounts falling due after more than one year

7

(14,447

)

(58,777

)

PROVISIONS FOR LIABILITIES

(11,316

)

(13,890

)

NET ASSETS

16,053

120

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

15,963

30

SHAREHOLDERS' FUNDS

16,053

120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

P Harmer - Director

1.	STATUTORY INFORMATION

Procraft Design Limited 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.

Going concern

The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support.

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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

166,638

3,484

19,082

15,440

204,644

Additions

13,225

500

-

896

14,621

At 31 March 2025

179,863

3,984

19,082

16,336

219,265

DEPRECIATION

At 1 April 2024

113,897

2,835

18,756

13,596

149,084

Charge for year

23,397

387

81

1,050

24,915

At 31 March 2025

137,294

3,222

18,837

14,646

173,999

NET BOOK VALUE

At 31 March 2025

42,569

762

245

1,690

45,266

At 31 March 2024

52,741

649

326

1,844

55,560

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

187,391

117,217

Other debtors

13,627

22,863

201,018

140,080

Other debtors includes prepayments and accrued income of £1,170 (2024: £2,258)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

33,048

36,318

Hire purchase contracts and finance leases

11,282

14,380

Trade creditors

44,359

30,336

Taxation and social security

130,672

100,609

Other creditors

11,976

6,420

231,337

188,063

Other creditors include accruals and deferred income of £5,177 (2024: £4,208)

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,467

35,515

Hire purchase contracts and finance leases

11,980

23,262

14,447

58,777

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdraft

-

1,327

Bank loans

35,515

70,506

Hire purchase contracts and finance leases

23,262

37,642

58,777

109,475

Hire purchase creditors are secured against the assets being so acquired.

Bank loans are secured by fixed and floating charges over the assets of the company.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

B Jones

Balance outstanding at start of year

-

-

Amounts advanced

9,382

6,374

Amounts repaid

(9,382

)

(6,374

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

J Jarvis

Balance outstanding at start of year

3,959

-

Amounts advanced

10,168

11,009

Amounts repaid

(14,127

)

(7,050

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,959

P Harmer

Balance outstanding at start of year

3,917

-

Amounts advanced

10,168

10,967

Amounts repaid

(14,085

)

(7,050

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,917

The loans to Mr J Jarvis and Mr P Harmer were repayable demand and interest has been charged at the HMRC official rate.

The loan to Mr B Jones was interest free and repayable on demand.