REGISTERED NUMBER: 09552114 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE KNITTING SHED LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L Diggins

Ms N Diggins

P Diggins

REGISTERED OFFICE:

Unit B1F

Fairoaks Airport

Chobham

Surrey

GU24 8HU

REGISTERED NUMBER:

09552114 (England and Wales)

ACCOUNTANTS:

L E Marshall & Co

Chartered Accountants

Unit B1F

Fairoaks Airport

Chobham

Surrey

GU24 8HU

FIXED ASSETS

Tangible assets

4

865

1,235

CURRENT ASSETS

Stocks

9,527

11,634

Debtors

5

902

184

Cash at bank and in hand

9,006

8,463

19,435

20,281

CREDITORS

Amounts falling due within one year

6

4,184

2,048

NET CURRENT ASSETS

15,251

18,233

TOTAL ASSETS LESS CURRENT LIABILITIES

16,116

19,468

CREDITORS

Amounts falling due after more than one year

7

23,539

29,300

NET LIABILITIES

(7,423

)

(9,832

)

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

(7,429

)

(9,838

)

SHAREHOLDERS' FUNDS

(7,423

)

(9,832

)

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 directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Ms L Diggins - Director

1.	STATUTORY INFORMATION

The Knitting Shed 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 financial statements have been prepared on the going concern basis as the directors have undertaken to finance the company for the foreseeable future.

Turnover

Turnover represents online sales of goods. Turnover is recognised at the time the order is placed and paid for.

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

Computer equipment

-

33% on cost

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

273

1,224

1,497

Additions

-

160

160

At 31 December 2024

273

1,384

1,657

DEPRECIATION

At 1 January 2024

45

217

262

Charge for year

69

461

530

At 31 December 2024

114

678

792

NET BOOK VALUE

At 31 December 2024

159

706

865

At 31 December 2023

228

1,007

1,235

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

696

-

Other debtors

206

184

902

184

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

2,131

1,015

Other creditors

2,053

1,033

4,184

2,048

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

23,539

29,300

The balances included in creditors falling due after more than one year all relate to monies owed to the directors in respect of their directors loans.