REGISTERED NUMBER: 12349483 (England and Wales)

GO CRAFT DISTRIBUTION LTD

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S Greaves

G P Richardson

REGISTERED OFFICE:

21 Park Drive

Bingley

West Yorkshire

BD16 3DF

REGISTERED NUMBER:

12349483 (England and Wales)

ACCOUNTANTS:

Maclean & Company

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

FIXED ASSETS

Intangible assets

4

14,160

11,170

CURRENT ASSETS

Debtors

5

12,097

14,967

Cash at bank

68,376

4,998

80,473

19,965

CREDITORS

Amounts falling due within one year

6

149,486

44,267

NET CURRENT LIABILITIES

(69,013

)

(24,302

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(54,853

)

(13,132

)

CREDITORS

Amounts falling due after more than one year

7

-

7,083

NET LIABILITIES

(54,853

)

(20,215

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(54,953

)

(20,315

)

SHAREHOLDERS' FUNDS

(54,853

)

(20,215

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

P S Greaves - Director

1.	STATUTORY INFORMATION

GO CRAFT DISTRIBUTION LTD 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Taxation

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

Hire purchase and leasing commitments

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 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

11,170

Additions

5,530

At 31 December 2025

16,700

AMORTISATION

Amortisation for year

2,540

At 31 December 2025

2,540

NET BOOK VALUE

At 31 December 2025

14,160

At 31 December 2024

11,170

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

11,823

13,255

Other debtors

274

1,712

12,097

14,967

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

2,083

-

Trade creditors

34,452

42,752

Amounts owed to group undertakings

45,108

-

Amounts owed to associates

58,965

-

Taxation

2,728

15

Other creditors

6,150

1,500

149,486

44,267

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

7,083

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

7,083

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

Go Merse Group Limited is a related party due to the ownership of 100% of the share capital of Go Craft Distribution Ltd. During the year transactions were made out and received on behalf of Go Merse Group Limited, at the year end Go Merse Group Limited was owed £43,874. The loan is interest free and repayable upon demand.

Go Rugs Distribution Limited is a related party due to 100% of its share capital being owned by Go Merse Group Limited. During the year transfers were made between Go Craft Distribution Ltd and Go Rugs Distribution Limited and at they year end £1,234 was owed to Go Rugs Distribution Limited. The loan is interest free and repayable upon demand.

Everything Craft Limited is a related party due to 100% of its share capital being owned by Philip Greaves, the owner of the majority of Go Merse Group Limited's shareholding and director of Go Craft Distribution Limited. During the year transfers were made between Go Craft Distribution Ltd and Everything Craft Limited and at they year end £58,965 was owed to Everything Craft Limited. The loan is interest free and repayable upon demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Philip Greaves due to the majority shareholding in the parent company, Go Merse Group Limited.