Craft Stash Limited - Accounts to registrar (filleted) - small 17.3

Craft Stash Limited - Accounts to registrar (filleted) - small 17.3

CRAFT STASH LIMITED - Company Information

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REGISTERED NUMBER: 09532309 (England and Wales)















CRAFT STASH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017






CRAFT STASH LIMITED (REGISTERED NUMBER: 09532309)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRAFT STASH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2017







DIRECTORS: R B Wilkinson
D Bowler
D A Cusick





REGISTERED OFFICE: Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: 09532309 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD
Page 1
CRAFT STASH LIMITED (REGISTERED NUMBER: 09532309)

BALANCE SHEET
28 FEBRUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,175 5,050

CURRENT ASSETS
Stocks 88,920 140,655
Debtors 5 20,125 2,244
Cash at bank and in hand 7,938 13,396
116,983 156,295
CREDITORS
Amounts falling due within one year 6 182,359 219,273
NET CURRENT LIABILITIES (65,376 ) (62,978 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(55,201
)
(57,928
)

PROVISIONS FOR LIABILITIES 7 1,108 -
NET LIABILITIES (56,309 ) (57,928 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (56,310 ) (57,929 )
SHAREHOLDERS' FUNDS (56,309 ) (57,928 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 notes form part of these financial statements

Page 2 continued...
CRAFT STASH LIMITED (REGISTERED NUMBER: 09532309)

BALANCE SHEET - continued
28 FEBRUARY 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 November 2017 and were signed on
its behalf by:





D Bowler - Director


The notes form part of these financial statements

Page 3
CRAFT STASH LIMITED (REGISTERED NUMBER: 09532309)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017


1. STATUTORY INFORMATION

Craft Stash 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 28 February 2017 are the first financial statements that
comply with FRS 102 (Section 1A). The date of transition is 1 March 2015.

The transition to FRS 102 (Section 1A) has resulted in no changes to the company's accounting
policies and its figures previously reported.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in
operational existence for the foreseeable future. The directors have reached this conclusion giving due
consideration to the projected future performance of the company and any potential risk that might
impact the company's ability to meet its required solvency levels. For this reason, they continue to
adopt the going concern basis in preparing the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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 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.


Page 4 continued...
CRAFT STASH LIMITED (REGISTERED NUMBER: 09532309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2016 6,313
Additions 7,984
At 28 February 2017 14,297
DEPRECIATION
At 1 March 2016 1,263
Charge for year 2,859
At 28 February 2017 4,122
NET BOOK VALUE
At 28 February 2017 10,175
At 29 February 2016 5,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 3,354 100
Prepayments 16,771 2,144
20,125 2,244

Page 5 continued...
CRAFT STASH LIMITED (REGISTERED NUMBER: 09532309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 24,525 12,801
VAT 12,438 12,120
Other creditors 137,505 187,133
Accrued expenses 7,891 7,219
182,359 219,273

7. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 1,108 -

Deferred
tax
£   
Charge to Income Statement during year 1,108
Balance at 28 February 2017 1,108

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The controlling party is R B Wilkinson.

Page 6