REGISTERED NUMBER: 04645509 (England and Wales)

CASTLE WELSH CRAFTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr. R W Rice

Mrs. C A Rice-Ward

REGISTERED OFFICE:

1 Castle Street

Cardiff

CF10 1BS

REGISTERED NUMBER:

04645509 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

37

2,799

Tangible assets

5

10,517

10,800

10,554

13,599

CURRENT ASSETS

Stocks

75,109

54,678

Debtors

6

826

-

Cash at bank and in hand

181,301

243,871

257,236

298,549

CREDITORS

Amounts falling due within one year

7

86,559

152,880

NET CURRENT ASSETS

170,677

145,669

TOTAL ASSETS LESS CURRENT LIABILITIES

181,231

159,268

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

181,131

159,168

SHAREHOLDERS' FUNDS

181,231

159,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2026 and were signed on its behalf by:

Mr. R W Rice - Director

1.	STATUTORY INFORMATION

Castle Welsh Crafts Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises of current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Website

Totals

£

£

£

COST

At 1 February 2025

and 31 January 2026

466,900

3,746

470,646

AMORTISATION

At 1 February 2025

464,150

3,697

467,847

Amortisation for year

2,750

12

2,762

At 31 January 2026

466,900

3,709

470,609

NET BOOK VALUE

At 31 January 2026

-

37

37

At 31 January 2025

2,750

49

2,799

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 February 2025

and 31 January 2026

9,667

25,980

19,749

DEPRECIATION

At 1 February 2025

-

25,744

19,593

Charge for year

-

59

39

At 31 January 2026

-

25,803

19,632

NET BOOK VALUE

At 31 January 2026

9,667

177

117

At 31 January 2025

9,667

236

156

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

and 31 January 2026

13,666

55,644

124,706

DEPRECIATION

At 1 February 2025

13,641

54,928

113,906

Charge for year

6

179

283

At 31 January 2026

13,647

55,107

114,189

NET BOOK VALUE

At 31 January 2026

19

537

10,517

At 31 January 2025

25

716

10,800

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

826

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

22,784

31,874

Taxation and social security

57,925

114,030

Other creditors

5,850

6,976

86,559

152,880