Registered number
12396824
STITCHESRUS LTD
Filleted Accounts
31 January 2024
STITCHESRUS LTD
Registered number: 12396824
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 38,248 45,257
Current assets
Stocks 3,609 3,609
Debtors 4 1,543 2,102
Cash at bank and in hand 11,570 9,918
16,722 15,629
Creditors: amounts falling due within one year 5 (42,919) (48,221)
Net current liabilities (26,197) (32,592)
Total assets less current liabilities 12,051 12,665
Creditors: amounts falling due after more than one year 6 (4,900) (6,780)
Net assets 7,151 5,885
Capital and reserves
Called up share capital 2 2
Profit and loss account 7,149 5,883
Shareholders' funds 7,151 5,885
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Cullen
Director
Approved by the board on 14 August 2024
STITCHESRUS LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Leasehold improvements Plant and machinery etc Computer equipment Total
£ £ £ £
Cost
At 1 February 2023 6,706 40,792 2,456 49,954
Additions - - 1,373 1,373
At 31 January 2024 6,706 40,792 3,829 51,327
Depreciation
At 1 February 2023 - 3,850 847 4,697
Charge for the year - 7,388 994 8,382
At 31 January 2024 - 11,238 1,841 13,079
Net book value
At 31 January 2024 6,706 29,554 1,988 38,248
At 31 January 2023 6,706 36,942 1,609 45,257
4 Debtors 2024 2023
£ £
Trade debtors 1,543 1,611
Prepayments - 491
1,543 2,102
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 225 -
Director's accounts 40,852 45,892
Accruals 954 750
VAT 888 1,437
Other creditors - 142
42,919 48,221
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,900 6,780
7 Other information
STITCHESRUS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Emerald House First Floor
Daniel Street
Oldham
Lancashire
OL1 3PL
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