2024-01-012024-12-312024-12-31false11723602MASTER STITCH LTD2025-06-0613990falseiso4217:GBPxbrli:pure117236022023-12-31117236022024-12-31117236022024-01-012024-12-31117236022022-12-31117236022023-12-31117236022023-01-012023-12-3111723602bus:SmallEntities2024-01-012024-12-3111723602bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3111723602bus:FullAccounts2024-01-012024-12-3111723602bus:PrivateLimitedCompanyLtd2024-01-012024-12-3111723602core:WithinOneYear2024-12-3111723602core:AfterOneYear2024-12-3111723602core:WithinOneYear2023-12-3111723602core:AfterOneYear2023-12-3111723602core:ShareCapital2024-12-3111723602core:SharePremium2024-12-3111723602core:RevaluationReserve2024-12-3111723602core:OtherReservesSubtotal2024-12-3111723602core:RetainedEarningsAccumulatedLosses2024-12-3111723602core:ShareCapital2023-12-3111723602core:SharePremium2023-12-3111723602core:RevaluationReserve2023-12-3111723602core:OtherReservesSubtotal2023-12-3111723602core:RetainedEarningsAccumulatedLosses2023-12-3111723602core:LandBuildings2024-12-3111723602core:PlantMachinery2024-12-3111723602core:Vehicles2024-12-3111723602core:FurnitureFittings2024-12-3111723602core:OfficeEquipment2024-12-3111723602core:NetGoodwill2024-12-3111723602core:IntangibleAssetsOtherThanGoodwill2024-12-3111723602core:ListedExchangeTraded2024-12-3111723602core:UnlistedNon-exchangeTraded2024-12-3111723602core:LandBuildings2023-12-3111723602core:PlantMachinery2023-12-3111723602core:Vehicles2023-12-3111723602core:FurnitureFittings2023-12-3111723602core:OfficeEquipment2023-12-3111723602core:NetGoodwill2023-12-3111723602core:IntangibleAssetsOtherThanGoodwill2023-12-3111723602core:ListedExchangeTraded2023-12-3111723602core:UnlistedNon-exchangeTraded2023-12-3111723602core:LandBuildings2024-01-012024-12-3111723602core:PlantMachinery2024-01-012024-12-3111723602core:Vehicles2024-01-012024-12-3111723602core:FurnitureFittings2024-01-012024-12-3111723602core:OfficeEquipment2024-01-012024-12-3111723602core:NetGoodwill2024-01-012024-12-3111723602core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3111723602core:ListedExchangeTraded2024-01-012024-12-3111723602core:UnlistedNon-exchangeTraded2024-01-012024-12-3111723602core:MoreThanFiveYears2024-01-012024-12-3111723602core:Non-currentFinancialInstruments2024-12-3111723602core:Non-currentFinancialInstruments2023-12-3111723602dpl:CostSales2024-01-012024-12-3111723602dpl:DistributionCosts2024-01-012024-12-3111723602core:LandBuildings2024-01-012024-12-3111723602core:PlantMachinery2024-01-012024-12-3111723602core:Vehicles2024-01-012024-12-3111723602core:FurnitureFittings2024-01-012024-12-3111723602core:OfficeEquipment2024-01-012024-12-3111723602dpl:AdministrativeExpenses2024-01-012024-12-3111723602core:NetGoodwill2024-01-012024-12-3111723602core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3111723602dpl:GroupUndertakings2024-01-012024-12-3111723602dpl:ParticipatingInterests2024-01-012024-12-3111723602dpl:GroupUndertakingscore:ListedExchangeTraded2024-01-012024-12-3111723602core:ListedExchangeTraded2024-01-012024-12-3111723602dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-01-012024-12-3111723602core:UnlistedNon-exchangeTraded2024-01-012024-12-3111723602dpl:CostSales2023-01-012023-12-3111723602dpl:DistributionCosts2023-01-012023-12-3111723602core:LandBuildings2023-01-012023-12-3111723602core:PlantMachinery2023-01-012023-12-3111723602core:Vehicles2023-01-012023-12-3111723602core:FurnitureFittings2023-01-012023-12-3111723602core:OfficeEquipment2023-01-012023-12-3111723602dpl:AdministrativeExpenses2023-01-012023-12-3111723602core:NetGoodwill2023-01-012023-12-3111723602core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111723602dpl:GroupUndertakings2023-01-012023-12-3111723602dpl:ParticipatingInterests2023-01-012023-12-3111723602dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3111723602core:ListedExchangeTraded2023-01-012023-12-3111723602dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3111723602core:UnlistedNon-exchangeTraded2023-01-012023-12-3111723602core:NetGoodwill2024-12-3111723602core:IntangibleAssetsOtherThanGoodwill2024-12-3111723602core:LandBuildings2024-12-3111723602core:PlantMachinery2024-12-3111723602core:Vehicles2024-12-3111723602core:FurnitureFittings2024-12-3111723602core:OfficeEquipment2024-12-3111723602core:AfterOneYear2024-12-3111723602core:WithinOneYear2024-12-3111723602core:ListedExchangeTraded2024-12-3111723602core:UnlistedNon-exchangeTraded2024-12-3111723602core:ShareCapital2024-12-3111723602core:SharePremium2024-12-3111723602core:RevaluationReserve2024-12-3111723602core:OtherReservesSubtotal2024-12-3111723602core:RetainedEarningsAccumulatedLosses2024-12-3111723602core:NetGoodwill2023-12-3111723602core:IntangibleAssetsOtherThanGoodwill2023-12-3111723602core:LandBuildings2023-12-3111723602core:PlantMachinery2023-12-3111723602core:Vehicles2023-12-3111723602core:FurnitureFittings2023-12-3111723602core:OfficeEquipment2023-12-3111723602core:AfterOneYear2023-12-3111723602core:WithinOneYear2023-12-3111723602core:ListedExchangeTraded2023-12-3111723602core:UnlistedNon-exchangeTraded2023-12-3111723602core:ShareCapital2023-12-3111723602core:SharePremium2023-12-3111723602core:RevaluationReserve2023-12-3111723602core:OtherReservesSubtotal2023-12-3111723602core:RetainedEarningsAccumulatedLosses2023-12-3111723602core:NetGoodwill2022-12-3111723602core:IntangibleAssetsOtherThanGoodwill2022-12-3111723602core:LandBuildings2022-12-3111723602core:PlantMachinery2022-12-3111723602core:Vehicles2022-12-3111723602core:FurnitureFittings2022-12-3111723602core:OfficeEquipment2022-12-3111723602core:AfterOneYear2022-12-3111723602core:WithinOneYear2022-12-3111723602core:ListedExchangeTraded2022-12-3111723602core:UnlistedNon-exchangeTraded2022-12-3111723602core:ShareCapital2022-12-3111723602core:SharePremium2022-12-3111723602core:RevaluationReserve2022-12-3111723602core:OtherReservesSubtotal2022-12-3111723602core:RetainedEarningsAccumulatedLosses2022-12-3111723602core:AfterOneYear2024-01-012024-12-3111723602core:WithinOneYear2024-01-012024-12-3111723602core:Non-currentFinancialInstrumentscore:CostValuation2024-01-012024-12-3111723602core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-012024-12-3111723602core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-012024-12-3111723602core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-012024-12-3111723602core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-012024-12-3111723602core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-012024-12-3111723602core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3111723602core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3111723602core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3111723602core:Non-currentFinancialInstrumentscore:CostValuation2024-12-3111723602core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-12-3111723602core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-12-3111723602core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-12-3111723602core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-12-3111723602core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-12-3111723602core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-12-3111723602core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-12-3111723602core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-12-3111723602core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3111723602core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3111723602core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3111723602core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3111723602core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3111723602core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3111723602core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3111723602core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3111723602core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3111723602bus:Director12024-01-012024-12-31

MASTER STITCH LTD

Registered Number
11723602
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

MASTER STITCH LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

CRAZE, Frederic Daniel

Registered Address

30 Burnt Mill
Harlow
CM20 2HU

Registered Number

11723602 (England and Wales)
MASTER STITCH LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets359,00357,625
59,00357,625
Current assets
Debtors45,70623,778
Cash at bank and on hand5,378-
51,08423,778
Creditors amounts falling due within one year4(26,315)(10,395)
Net current assets (liabilities)24,76913,383
Total assets less current liabilities83,77271,008
Net assets83,77271,008
Capital and reserves
Profit and loss account83,77271,008
Shareholders' funds83,77271,008
The financial statements were approved and authorised for issue by the Director on 6 June 2025, and are signed on its behalf by:
CRAZE, Frederic Daniel
Director
Registered Company No. 11723602
MASTER STITCH LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets.

Reducing balance (%)Straight line (years)
Plant and machinery-5
Vehicles25-
Office Equipment-5
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 January 24152,43923,7505,214181,403
Additions-58,20037358,573
Disposals-(23,750)-(23,750)
At 31 December 24152,43958,2005,587216,226
Depreciation and impairment
At 01 January 24116,4702,9694,339123,778
Charge for year27,5718,48735636,414
On disposals-(3,030)-(3,030)
Other adjustments-61-61
At 31 December 24144,0418,4874,695157,223
Net book value
At 31 December 248,39849,71389259,003
At 31 December 2335,96920,78187557,625
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-1,011
Bank borrowings and overdrafts4205,048
Taxation and social security25,8954,336
Total26,31510,395