Company Registration No. 10109050 (England and Wales)
STITCHES AND GLUE LIMITED
Unaudited accounts
for the year ended 30 April 2024
STITCHES AND GLUE LIMITED
Unaudited accounts
Contents
STITCHES AND GLUE LIMITED
Company Information
for the year ended 30 April 2024
Directors
Becky Johnson
Paul Vincett
Company Number
10109050 (England and Wales)
Registered Office
The Studio
Drake Avenue
Staines-upon-Thames
Middlesex
TW18 2AW
England
Accountants
Project H Limited Accountants
Beadle House
Bull Plain
Hertford
Hertfordshire
SG14 1DT
STITCHES AND GLUE LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
13,586
19,446
Cash at bank and in hand
228,785
235,337
Creditors: amounts falling due within one year
(43,181)
(146,191)
Net current assets
268,883
264,842
Total assets less current liabilities
282,469
284,288
Provisions for liabilities
Deferred tax
(1,473)
(2,250)
Net assets
280,996
282,038
Called up share capital
100
100
Profit and loss account
280,896
281,938
Shareholders' funds
280,996
282,038
For the year ending 30 April 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 17 September 2024 and were signed on its behalf by
Paul Vincett
Director
Company Registration No. 10109050
STITCHES AND GLUE LIMITED
Notes to the Accounts
for the year ended 30 April 2024
STITCHES AND GLUE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10109050. The registered office is The Studio, Drake Avenue, Staines-upon-Thames, Middlesex, TW18 2AW, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Fixtures & fittings
25% Straight line
Computer equipment
40% Straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
28,981
3,282
11,818
44,081
Additions
3,862
-
1,397
5,259
At 30 April 2024
32,843
3,282
13,215
49,340
At 1 May 2023
15,360
1,308
7,967
24,635
Charge for the year
8,123
820
2,176
11,119
At 30 April 2024
23,483
2,128
10,143
35,754
At 30 April 2024
9,360
1,154
3,072
13,586
At 30 April 2023
13,621
1,974
3,851
19,446
STITCHES AND GLUE LIMITED
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
8,515
175,696
Accrued income and prepayments
74,764
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,729
4,228
Taxes and social security
12,574
64,440
Loans from directors
6,908
6,908
7
Average number of employees
During the year the average number of employees was 3 (2023: 2).