Inkspot Arts & Crafts Limited

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

Registered number: 04773716

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		500,000		500,000

			500,000		500,000
CURRENT ASSETS
Stocks		226		174
Debtors	6	1,032		468
Cash at bank and in hand		3,408		1,078

		4,666		1,720
Creditors: Amounts Falling Due Within One Year	7	(437,696 )		(436,394 )

NET CURRENT ASSETS (LIABILITIES)			(433,030 )		(434,674 )

TOTAL ASSETS LESS CURRENT LIABILITIES			66,970		65,326

PROVISIONS FOR LIABILITIES
Deferred Taxation			(22,641 )		(22,641 )

NET ASSETS			44,329		42,685

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve			311,903		311,903
Profit and Loss Account			(267,674 )		(269,318 )

SHAREHOLDERS' FUNDS			44,329		42,685

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Inkspot Arts & Crafts Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 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 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 A N Lanning Director	Mrs M E Davies Director
4 December 2025

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

1. General Information

Inkspot Arts & Crafts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04773716 . The registered office is The Old Church, Newport Road, Cardiff, CF24 1PU.

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 customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life.

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:

Fixtures & Fittings

33% straight line

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 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.

3. Average Number of Employees

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

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Inkspot Arts & Crafts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	66,000

As at 31 March 2025	66,000

Amortisation
As at 1 April 2024	66,000

As at 31 March 2025	66,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	500,000	3,590	503,590

As at 31 March 2025	500,000	3,590	503,590

Depreciation
As at 1 April 2024	-	3,590	3,590

As at 31 March 2025	-	3,590	3,590

Net Book Value
As at 31 March 2025	500,000	-	500,000

As at 1 April 2024	500,000	-	500,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,032	468

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Inkspot Arts & Crafts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	655	447
Bank loans and overdrafts	3,333	3,333
Other creditors	18,211	18,211
Accruals and deferred income	4,447	4,520
Directors' loan accounts	411,050	409,883

	437,696	436,394

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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