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OC426938falsethat of an independent fabric, wool and haberdashery shop. The prior period is a short period from 1st August 2023 to 31st March 2024.2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/cd:Director22024-04-012025-03-31http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure


Registered number: OC426938






Stitch and Knit LLP


ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025
























Prepared By:
Munro's
Chartered Accountants
1341 High Road
Whetstone
London
N20 9HR


CONTENTS



		Page

Report of the Members		-


Report of the Accountants		-

Profit and Loss Account		-

Balance Sheet		3

Notes to the Accounts		5


The following do not form part of the statutory financial statements:


Trading and Profit and Loss Account		-

Profit and Loss Account Summaries		-

Capital Accounts		-

Current Accounts		-


ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025





DESIGNATED MEMBERS
J M Dudrenec
C H F Smith


REGISTERED OFFICE
1341 High Road
Whetstone
London
N20 9HR


COMPANY NUMBER
OC426938



ACCOUNTANTS
Munro's
Chartered Accountants
1341 High Road
Whetstone
London
N20 9HR


BALANCE SHEET AT 31 March 2025

			2025		2024
	Notes		£		£

FIXED ASSETS

Tangible assets	2		2,117		2,823

CURRENT ASSETS

Stock	1c	73,100		72,600
Debtors	3	10,250		8,593
Cash at bank and in hand		4,655		9,087
		88,005		90,280
CREDITORS: Amounts falling due within one year		4,731		4,166
NET CURRENT ASSETS			83,274		86,114
NET ASSETS ATTRIBUTABLE TO MEMBERS			85,391		88,937

LOANS AND OTHER DEBTS DUE TO MEMBERS			85,391		88,937
MEMBERS ' OTHER INTERESTS
			85,391		88,937

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members			85,391		88,937
			85,391		88,937


BALANCE SHEET AT 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the members on 19 August 2025 and signed on their behalf by



.............................
J M Dudrenec
Designated Member



.............................
C H F Smith
Designated Member




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




2. TANGIBLE FIXED ASSETS

	Fixtures
	and Fittings	Total
	£	£
Cost
At 1 April 2024	9,791	9,791
At 31 March 2025	9,791	9,791
Depreciation
At 1 April 2024	6,968	6,968
For the year	706	706
At 31 March 2025	7,674	7,674
Net Book Amounts
At 31 March 2025	2,117	2,117
At 31 March 2024	2,823	2,823




3. DEBTORS	2025	2024
	£	£

Amounts falling due within one year:
Trade debtors	-	575
Other Debtors	10,250	8,018
	10,250	8,593




4. EMPLOYEES

	2025	2024
	No.	No.
Average number of employees	-	-