REGISTERED NUMBER: 10704145 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Sewn Right Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

E J Williams

REGISTERED OFFICE:

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

REGISTERED NUMBER:

10704145 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

624

704

624

704

CURRENT ASSETS

Debtors

6

7,493

25,909

CREDITORS

Amounts falling due within one year

7

29,856

31,655

NET CURRENT LIABILITIES

(22,363

)

(5,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,739

)

(5,042

)

CREDITORS

Amounts falling due after more than one year

8

25,851

31,357

NET LIABILITIES

(47,590

)

(36,399

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(47,690

)

(36,499

)

(47,590

)

(36,399

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

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 12 March 2025 and were signed by:

E J Williams - Director

1.	STATUTORY INFORMATION

Sewn Right 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.

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.

The directors consider that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

11,300

AMORTISATION

At 1 January 2024

and 31 December 2024

11,300

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

10,795

1,683

3,214

15,692

Additions

-

96

-

96

At 31 December 2024

10,795

1,779

3,214

15,788

DEPRECIATION

At 1 January 2024

10,602

1,375

3,011

14,988

Charge for year

48

77

51

176

At 31 December 2024

10,650

1,452

3,062

15,164

NET BOOK VALUE

At 31 December 2024

145

327

152

624

At 31 December 2023

193

308

203

704

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,536

-

Other debtors

4,957

25,909

7,493

25,909

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

33,050

28,439

Trade creditors

-

161

Taxation and social security

(4,837

)

1,814

Other creditors

1,643

1,241

29,856

31,655

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

25,851

31,357

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

8,581

9.	RELATED PARTY DISCLOSURES