IRIS Accounts Production v24.3.0.553 12455908 director 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124559082023-02-28124559082024-02-29124559082023-03-012024-02-29124559082022-02-28124559082022-03-012023-02-28124559082023-02-2812455908ns15:EnglandWales2023-03-012024-02-2912455908ns14:PoundSterling2023-03-012024-02-2912455908ns10:Director12023-03-012024-02-2912455908ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2912455908ns10:SmallEntities2023-03-012024-02-2912455908ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2912455908ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2912455908ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2912455908ns10:AbridgedAccounts2023-03-012024-02-2912455908ns10:OrdinaryShareClass12023-03-012024-02-2912455908ns10:RegisteredOffice2023-03-012024-02-2912455908ns5:CurrentFinancialInstruments2024-02-2912455908ns5:CurrentFinancialInstruments2023-02-2812455908ns5:Non-currentFinancialInstruments2024-02-2912455908ns5:Non-currentFinancialInstruments2023-02-2812455908ns5:ShareCapital2024-02-2912455908ns5:ShareCapital2023-02-2812455908ns5:RetainedEarningsAccumulatedLosses2024-02-2912455908ns5:RetainedEarningsAccumulatedLosses2023-02-2812455908ns5:PlantMachinery2023-03-012024-02-2912455908ns5:DeferredTaxation2023-02-2812455908ns5:DeferredTaxation2023-03-012024-02-2912455908ns5:DeferredTaxation2024-02-2912455908ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 12455908 (England and Wales)














Unaudited Financial Statements for the Year Ended 29 February 2024

for

Needle 'N' Thread Embroidery Limited

Needle 'N' Thread Embroidery Limited (Registered number: 12455908)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Needle 'N' Thread Embroidery Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: C Mall





REGISTERED OFFICE: 86 Tettenhall Road
Wolverhampton
West Midlands
WV1 4TF





BUSINESS ADDRESS: Unit 2 Partnership House
Shale Street
Bilston
WV14 0HF





REGISTERED NUMBER: 12455908 (England and Wales)





ACCOUNTANTS: Appleby Mall Limited
Chartered Certified Accountants
86 Tettenhall Road
Wolverhampton
West Midlands
WV1 4TF

Needle 'N' Thread Embroidery Limited (Registered number: 12455908)

Abridged Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,144 16,812

CURRENT ASSETS
Stocks 1,864 1,394
Debtors 16,646 11,217
Cash at bank and in hand 3,937 505
22,447 13,116
CREDITORS
Amounts falling due within one year 22,411 21,576
NET CURRENT ASSETS/(LIABILITIES) 36 (8,460 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,180

8,352

CREDITORS
Amounts falling due after more than one
year

(9,748

)

(12,004

)

PROVISIONS FOR LIABILITIES 5 (2,453 ) (3,180 )
NET ASSETS/(LIABILITIES) 979 (6,832 )

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 978 (6,833 )
SHAREHOLDERS' FUNDS 979 (6,832 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Needle 'N' Thread Embroidery Limited (Registered number: 12455908)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





C Mall - Director


Needle 'N' Thread Embroidery Limited (Registered number: 12455908)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Needle 'N' Thread Embroidery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

Needle 'N' Thread Embroidery Limited (Registered number: 12455908)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 22,416
Additions 713
At 29 February 2024 23,129
DEPRECIATION
At 1 March 2023 5,604
Charge for year 4,381
At 29 February 2024 9,985
NET BOOK VALUE
At 29 February 2024 13,144
At 28 February 2023 16,812

5. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,453 3,180

Deferred
tax
£   
Balance at 1 March 2023 3,180
Provided during year (727 )
Balance at 29 February 2024 2,453

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Share capital 1 1 1 1

7. ULTIMATE CONTROLLING PARTY

The controlling party is Needle 'N' Thread Embroidery Holdings Limited.