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Company Registration No. 00362326 (England and Wales)
UK Hand Knitting Association Limited Unaudited accounts for the year ended 30 June 2024
UK Hand Knitting Association Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
51,315 
47,921 
Cash at bank and in hand
160,875 
134,309 
212,190 
182,230 
Creditors: amounts falling due within one year
(130,128)
(108,106)
Net current assets
82,062 
74,124 
Net assets
82,062 
74,124 
Reserves
Profit and loss account
82,062 
74,124 
Members' funds
82,062 
74,124 
For the year ending 30 June 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 13 November 2024 and were signed on its behalf by
W R E Burgess Director Company Registration No. 00362326
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UK Hand Knitting Association Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
UK Hand Knitting Association Limited is a private company, limited by guarantee, registered in England and Wales, registration number 00362326. The registered office is Tree Tops, Otley Road, ELDWICK, West Yorkshire, BD16 3DA.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
14,035 
Trade debtors
14,501 
11,349 
Accrued income and prepayments
36,814 
22,537 
51,315 
47,921 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
15,103 
- 
Trade creditors
7,510 
3,143 
Taxes and social security
163 
43 
Accruals
107,352 
104,920 
130,128 
108,106 
6
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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UK Hand Knitting Association Limited Notes to the Accounts for the year ended 30 June 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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