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Unaudited Financial Statements |
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for the Period 31 March 2017 to 29 March 2018 |
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for |
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Craved Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 31 March 2017 to 29 March 2018 |
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for |
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Craved Ltd |
Craved Ltd (Registered number: 08862832) |
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Contents of the Financial Statements |
for the period 31 March 2017 to 29 March 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Craved Ltd |
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Company Information |
for the period 31 March 2017 to 29 March 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Suite 345 |
50 Eastcastle Street |
Fitzrovia |
London |
W1W 8EA |
Craved Ltd (Registered number: 08862832) |
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Balance Sheet |
29 March 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one year | 7 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium | 9 |
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Retained earnings | 9 | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Craved Ltd (Registered number: 08862832) |
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Notes to the Financial Statements |
for the period 31 March 2017 to 29 March 2018 |
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1. | STATUTORY INFORMATION |
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Craved Ltd is a
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registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis which assumes that the company will continue in |
operational existence for the foreseeable future. Having reviewed the future cash flows of the business, the director is |
satisfied that the company will have adequate resources to meet its liabilities as they fall due. |
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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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Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset |
and the costs attributable to bringing the asset to its working condition for its intended use. |
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Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of |
each asset on a systematic basis over its expected useful life as follows: |
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Plant and machinery - 20% reducing balance |
Fixtures and fittings - 25% reducing balance |
Computer equipment - 20% on cost |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing |
stocks to their present location and condition. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from |
impairment are recognised in the profit and loss account. |
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Share capital |
Ordinary shares are classed as equity. |
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Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown |
within borrowings in current liabilities. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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Craved Ltd (Registered number: 08862832) |
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Notes to the Financial Statements - continued |
for the period 31 March 2017 to 29 March 2018 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 31 March 2017 |
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Additions |
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At 29 March 2018 |
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DEPRECIATION |
At 31 March 2017 |
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Charge for period |
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At 29 March 2018 |
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NET BOOK VALUE |
At 29 March 2018 |
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At 30 March 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary A | £0.00001 | 164 | 156 |
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Ordinary B | £0.00001 | 9 | 9 |
173 | 165 |
Craved Ltd (Registered number: 08862832) |
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Notes to the Financial Statements - continued |
for the period 31 March 2017 to 29 March 2018 |
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8. | CALLED UP SHARE CAPITAL - continued |
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On 14 April 2017, 259,117 Ordinary A shares with a nominal value of £0.00001 were issued at a premium of £0.05209. |
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On 21 April 2017, 110,365 Ordinary A shares with a nominal value of £0.00001 were issued at a premium of £0.05209. |
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On 3 May 2017, 139,540 Ordinary A shares with a nominal value of £0.00001 were issued at a premium of £0.05209. |
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On 6 June 2017, 211,132 Ordinary A shares with a nominal value of £0.00001 were issued at a premium of £0.05209. |
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On 27 October 2017, 19,194 Ordinary A shares with a nominal value of £0.00001 were issued at a premium of £0.05209. |
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On 17 February 2018, 9,597 Ordinary A shares with a nominal value of £0.00001 were issued at a premium of £0.05209. |
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On 1 March 2018, 43,132 Ordinary A shares with a nominal value of £0.00001 were issued at a premium of £0.05209. |
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9. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 31 March 2017 | ( |
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(48,403 | ) |
Deficit for the period | ( |
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Cash share issue | - | 39,510 | 39,510 |
At 29 March 2018 | ( |
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(162,372 | ) |
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10. | OTHER FINANCIAL COMMITMENTS |
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At the balance sheet date the company has non cancellable operating lease commitments totalling £5,000 (2017: £5,000). |
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11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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At the reporting date the company owed the director £96,506 (2016: £22,759) which attracts no interest. |