0 0 Beacons Crafts Ltd 03199638 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is provision of a co-operative for the benefit of local craft enterprises. Digita Accounts Production Advanced 6.30.9574.0 true 03199638 2024-06-01 2025-05-31 03199638 2025-05-31 03199638 core:CurrentFinancialInstruments 2025-05-31 03199638 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 03199638 core:FurnitureFittings 2025-05-31 03199638 core:PlantMachinery 2025-05-31 03199638 bus:SmallEntities 2024-06-01 2025-05-31 03199638 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 03199638 bus:FilletedAccounts 2024-06-01 2025-05-31 03199638 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 03199638 bus:RegisteredOffice 2024-06-01 2025-05-31 03199638 bus:Director2 2024-06-01 2025-05-31 03199638 bus:Director3 2024-06-01 2025-05-31 03199638 bus:Director4 2024-06-01 2025-05-31 03199638 bus:Director5 2024-06-01 2025-05-31 03199638 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03199638 bus:Agent1 2024-06-01 2025-05-31 03199638 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 03199638 core:PlantMachinery 2024-06-01 2025-05-31 03199638 countries:EnglandWales 2024-06-01 2025-05-31 03199638 2024-05-31 03199638 core:FurnitureFittings 2024-05-31 03199638 core:PlantMachinery 2024-05-31 03199638 2023-06-01 2024-05-31 03199638 2024-05-31 03199638 core:CurrentFinancialInstruments 2024-05-31 03199638 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 xbrli:pure iso4217:GBP

Registration number: 03199638

Beacons Crafts Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Beacons Crafts Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Beacons Crafts Ltd

Company Information

Directors | Ms M R Griffiths Ms E L Cleminson Mrs J B Reid Mrs E M Curtis

Registered office | Unit 8, Bethel Square, Brecon Powys LD3 7JP

Accountants | W J James & Co Chartered Accountants Bishop House 10 Wheat StreetBrecon Powys LD3 7DG

Beacons Crafts Ltd

(Registration number: 03199638)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks |  | 90 | 150
Debtors | 5 | 2,762 | 2,399
Cash at bank and in hand |  | 11,973 | 15,451
|  | 14,825 | 18,000
Creditors: Amounts falling due within one year | 6 | (3,969) | (4,712)
Net assets |  | 10,856 | 13,288
Capital and reserves |  |  |
Called up share capital |  | 3,400 | 3,400
Retained earnings |  | 7,456 | 9,888
Shareholders' funds |  | 10,856 | 13,288

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 February 2026 and signed on its behalf by:

......................................... Ms E L Cleminson Director

Beacons Crafts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8,
Bethel Square,
Brecon
Powys
LD3 7JP

These financial statements were authorised for issue by the Board on 4 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises commission receivable from makers in respect of the sale of goods in the shop operated by the company.
The company recognises revenue when the sale is made.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% reducing balance
Equipment | 20% reducing balance

Beacons Crafts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Beacons Crafts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Tangible assets

| Fixtures and fittings £ | Equipment £ | Total £
Cost or valuation
At 1 June 2024 | 5,075 | 442 | 5,517
At 31 May 2025 | 5,075 | 442 | 5,517
Depreciation
At 1 June 2024 | 5,075 | 442 | 5,517
At 31 May 2025 | 5,075 | 442 | 5,517
Carrying amount
At 31 May 2025 | - | - | -

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 162 | (1)
Other debtors | 2,600 | 2,400
| 2,762 | 2,399

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 1,422 | 1,447
Other creditors | 2,547 | 3,265
| 3,969 | 4,712