| Registered Number:SC370973 |
For the year ended 31 March 2025
Scotland
Unaudited Financial Statements
For the year ended 31 March 2025
Craft Worx Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Craft Worx Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
220,518
222,825
2
220,518
222,825
5,000
5,000
3
| Trade and other receivables |
858
5,620
4
7,228
| Cash and cash equivalents |
3,451
14,071
13,086
| Trade and other payables: amounts falling due within one |
| year |
(98,260)
(90,329)
5
(85,174)
(76,258)
Net current liabilities
| Total assets less current liabilities |
144,260
137,651
| Trade and other payables: amounts falling due after more |
| than one year |
(86,071)
(85,699)
6
58,561
Net assets
51,580
100
100
58,461
51,480
58,561
51,580
Shareholders' funds
| For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Richard Hipsey Director |
| These financial statements were approved and authorised for issue by the Board on 10 December 2025 and were signed by: |
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For the year ended 31 March 2025
Craft Worx Ltd
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Craft Worx Ltd
Notes to the Financial Statements
Statutory Information
| Craft Worx Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC370973. |
The Cottage
Lyricaal Steading
Ballencrieff, Bathgate
West Lothian
EH48 4LD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2025
Craft Worx Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
261,250
5,974
36,621
7,368
211,287
7,368
36,621
5,974
261,250
211,287
| Provision for depreciation and impairment |
38,425
4,232
27,919
6,274
-
Charge for year
2,307
348
1,740
219
-
40,732
4,580
29,659
6,493
-
211,287
875
6,962
1,394
220,518
211,287
1,094
8,702
1,742
222,825
2024
2025
5,000
5,000
| 4. Trade and other receivables |
2024
2025
3,774
-
1,846
858
858
5,620
| Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment. |
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For the year ended 31 March 2025
Craft Worx Ltd
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
19,127
30,190
| Taxation and social security |
4,730
5,497
66,472
62,573
90,329
98,260
| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
85,699
86,071
| 7. Average number of persons employed |
During the year the average number of employees was 3 (2024 : 3)
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