Registered number
06598097
QUALITY STITCHES OF CARLISLE LIMITED
Filleted Accounts
31 May 2024
QUALITY STITCHES OF CARLISLE LIMITED
Registered number: 06598097
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 36 74
Cash at bank and in hand 622 177
658 251
Creditors: amounts falling due within one year 4 (4,444) (3,033)
Net current liabilities (3,786) (2,782)
Total assets less current liabilities (3,786) (2,782)
Creditors: amounts falling due after more than one year 5 (22,771) (23,704)
Net liabilities (26,557) (26,486)
Capital and reserves
Called up share capital 100 100
Profit and loss account (26,657) (26,586)
Shareholder's funds (26,557) (26,486)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
MISS BUSRA SAHIN
Director
Approved by the board on 17 January 2025
QUALITY STITCHES OF CARLISLE LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 rendering of services. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Corporation tax liability is not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Debtors 2024 2023
£ £
Prepayments & other debtors 36 74
4 Creditors: amounts falling due within one year 2024 2023
£ £
Overdrafts 4,188 2,227
Accrued expenses & other creditors 256 806
4,444 3,033
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,061 18,954
Other creditors 5,710 4,750
22,771 23,704
6 Other information
QUALITY STITCHES OF CARLISLE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
19 ST CUTHBERTS LANE
CARLISLE
CUMBRIA
CA3 8AG
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