I decided to use simplexwebs.com as a source for pricing as I know the guy who runs it therefore he may be able to sort out a deal for us. For an entry hosting package, the prices start at £6.99 per month or £69.99 annually - 12 months for the price of 10. As a start up business, I believe this would suffice.
Domain registration
www.craftagency.co.uk amounts to £11.49 for 2 years.
Total costs
£69.99 - Hosting
£5.75 (per year) - Domain
= £75.74
= around £19 pppy
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