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Company Registration No. 05349438 (England and Wales)
CRAFTWORK UPHOLSTERY LIMITED
Financial Statements
for the Period from 01 June 2024 to 31 May 2025

CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

Company Information

Company Details
Company Number 05349438
Registered Office 88 ARMLEY ROAD
LEEDS
LS12 2EJ
Directors
Directors who held office during the period were:
Richard CARR   
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CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

Statement of Financial Position

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Notes 2025 2024
£ £
Fixed Assets
Tangible assets 5 111,987 127,165
Current Assets
Stocks 353,718 363,378
Debtors due 6 1,235,125 1,230,457
Cash at bank and in hand 2,760 100,550
1,591,603 1,694,385
Creditors
Amount falling due within one year 7 (989,691) (1,150,701)
Net Current Assets 601,912 543,684
Total Assets less current liabilities 713,899 670,849
Creditors due after more than one year 8 (248,022) (103,498)
Provision for liabilities - (27,581)
Net Assets 465,877 539,770
Capital and Reserves
Called up Share Capital 475,000 475,000
Retained earnings at end of year (9,123) 64,770
Shareholder funds 465,877 539,770
For the year ending 31/05/2025 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 15 July 2026
R CARR
Company Registration No. 05349438
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CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

Notes to the Accounts

1. Statutory Information
CRAFTWORK UPHOLSTERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05349438.
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
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

Notes to the Accounts

Current Tax
Analysis of the tax charge/(credit)The tax charge/(credit) on the loss for the year was as follows:Current Tax Year-----------------------------------2025----2024 UK corporation tax ---------------(8254) (7,184) Deferred tax -----------------------19935 14,894 Tax on (loss)/profit-----------------11681 7,710
Tangible Fixed Asset Policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.Plant and machinery - 20% on cost and 10% on costMotor vehicles - 25% on cost
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CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

Notes to the Accounts

Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 50
2024 50
4. Principal Activity
The principal activity of the company in the year under review was that of upholstery manufacturing.
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CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

Notes to the Accounts

5. Fixed Assets
Plant and Machinery Motor Vehicles Computer Equipment Total
Cost or valuation £ £ £ £
At 01/06/2024 54,495 114,847 4,226 173,568
Additions 14,660 - 1,726 16,386
At 31/05/2025 69,155 114,847 5,952 189,954
Depreciation
At 01/06/2024 9,629 35,498 1,276 46,403
Charge for the year 5,491 24,820 1,253 31,564
At 31/05/2025 15,120 60,318 2,529 77,967
Net Book Value
At 31/05/2025 54,035 54,529 3,423 111,987
At 31/05/2024 44,866 79,349 2,950 127,165
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CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

Notes to the Accounts

6. Debtors
2025 2024
£ £
Trade debtors 575,160 1,230,457
Other debtors 582,659 -
Prepayment and accrued income 77,306 -
1,235,125 1,230,457
7. Creditors: amount falling due within one year
2025 2024
£ £
Bank Loans and other overdrafts 438,065 -
Trade Creditors 298,912 -
Other tax and social security 103,918 -
Other Creditors 66,724 1,150,701
Accruals and deferred income 82,072 -
989,691 1,150,701
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CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

Notes to the Accounts

8. Creditors: amount falling due after one year
2025 2024
£ £
Bank Loans and overdrafts 149,527 -
Corporation Tax 11,441 -
Finance Leases 87,054 -
Other creditors falling due after more than one year - 103,498
248,022 103,498
Provision for liabilities - 27,581
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CRAFTWORK UPHOLSTERY LIMITED

Financial Statements for the period ending 31 May 2025

Notes to the Accounts

9. Guarantees and Financial Commitments
The company has agreement in place regarding the lease of 88 Armley Road, Leeds, LS12 2EJ with the following commitments:Due within one year £130,000Due within two to five years £520,000Due over five years £146,250
10. Additional Notes
The ultimate controlling party is Carr Holdings Limited, a company registered in England and Wales whose registered office is 11 Mellington Close, Sheffield, S8 8JZ
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