Craft In Focus Ltd - Filleted accounts

Registered number

10498095

Craft In Focus Ltd

Unaudited Filleted Accounts

31 March 2026

Craft In Focus Ltd
Registered number:		10498095
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		13,521			16,630

Current assets
Debtors	5	297,821			410,592
Cash at bank and in hand		307,774			395,604
		605,595			806,196

Creditors: amounts falling due within one year	6	(589,800)			(791,590)

Net current assets			15,795			14,606

Net assets			29,316			31,236

Capital and reserves
Called up share capital			100			100
Profit and loss account			29,216			31,136

Shareholder's funds			29,316			31,236

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr R Chapman
Director
Approved by the board on 25 August 2026

Craft In Focus Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Equipment	25% reducing balance
	Motor vehicles	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the director is of the opinion that no liability will crystallise in the foreseeable future.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		2


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2025					99,300
	At 31 March 2026					99,300

	Amortisation
	At 1 April 2025					99,300
	At 31 March 2026					99,300

	Net book value
	At 31 March 2026					-

	Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	10,096		33,903		43,999
	Additions	2,547		-		2,547
	Disposals	(2,348)		-		(2,348)
	At 31 March 2026	10,295		33,903		44,198

	Depreciation
	At 1 April 2025	4,193		23,176		27,369
	Charge for the year	1,617		2,682		4,299
	On disposals	(991)		-		(991)
	At 31 March 2026	4,819		25,858		30,677

	Net book value
	At 31 March 2026	5,476		8,045		13,521
	At 31 March 2025	5,903		10,727		16,630


5	Debtors			2026		2025
£					£

	Trade debtors			43,108		74,634
	Other debtors			254,713		335,958
				297,821		410,592


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			33,562		34,957
	Taxation and social security costs			112,523		132,844
	Other creditors			443,715		623,789
				589,800		791,590


7	Related party transactions

	During the year the company provided a loan of £55,000 to a connected company. £230,000 was outstanding at the balance sheet date, and this amount is included in other debtors. A loan from the previous year of £125,000 to the same connected company was written off in the year.


8	Other information

	Craft In Focus Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	3 Roses Farm
	Gallants Lane
	East Farleigh
	ME15 0LG