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Company Registration No. 09042939 (England and Wales)
Stitch Effect (UK) Limited Unaudited accounts for the year ended 31 May 2024
Stitch Effect (UK) Limited Unaudited accounts Contents
Page
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Stitch Effect (UK) Limited Company Information for the year ended 31 May 2024
Directors
Riyazmahammed Saeedahmed Patel Sumaiyya Daudbhai Bachcha
Company Number
09042939 (England and Wales)
Registered Office
1 Worcester Street Bolton BL1 3NH England
Accountants
SMART ACCOUNTING (NW) LTD 239 RIBBLETON LANE PRESTON PR1 5EA
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Stitch Effect (UK) Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,391 
22,428 
Current assets
Inventories
26,185 
30,115 
Debtors
1,665 
986 
Cash at bank and in hand
22,439 
3,537 
50,289 
34,638 
Creditors: amounts falling due within one year
(22,464)
(13,770)
Net current assets
27,825 
20,868 
Total assets less current liabilities
46,216 
43,296 
Creditors: amounts falling due after more than one year
(50,554)
(51,244)
Net liabilities
(4,338)
(7,948)
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
(4,358)
(7,968)
Shareholders' funds
(4,338)
(7,948)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by
Riyazmahammed Saeedahmed Patel Director Company Registration No. 09042939
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Stitch Effect (UK) Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Stitch Effect (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 09042939. The registered office is 1 Worcester Street, Bolton, BL1 3NH , England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on Written Down Method
Computer equipment
20% on Written Down Method
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
58,724 
2,627 
61,351 
At 31 May 2024
58,724 
2,627 
61,351 
Depreciation
At 1 June 2023
36,886 
2,037 
38,923 
Charge for the year
3,931 
106 
4,037 
At 31 May 2024
40,817 
2,143 
42,960 
Net book value
At 31 May 2024
17,907 
484 
18,391 
At 31 May 2023
21,838 
590 
22,428 
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Stitch Effect (UK) Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,665 
986 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,286 
12,286 
VAT
2,593 
707 
Trade creditors
1,345 
544 
Taxes and social security
2,036 
(83)
Other creditors
4,204 
316 
22,464 
13,770 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
50,554 
51,244 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20 
20 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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