Company Registration No. 14556457 (England and Wales)
THE YARN COMPANY LTD
Unaudited accounts
for the year ended 31 December 2024
THE YARN COMPANY LTD
Unaudited accounts
Contents
THE YARN COMPANY LTD
Company Information
for the year ended 31 December 2024
Director
Kashif Ishtiaq Latif
Company Number
14556457 (England and Wales)
Registered Office
84 BORDESLEY STREET
DIGBETH
BIRMINGHAM
WEST MIDLANDS
B5 5PN
UNITED KINGDOM
Accountants
Clark & Deen Taxpro Limited
Benson House, Suite D
98-104 Lombard Street
Birmingham
West Midlands
B12 0QR
THE YARN COMPANY LTD
Statement of financial position
as at 31 December 2024
Called up share capital not paid
100
100
Cash at bank and in hand
30,214
5,983
Creditors: amounts falling due within one year
(104,120)
(6,361)
Net current assets
39,484
9,294
Total assets less current liabilities
47,631
9,394
Creditors: amounts falling due after more than one year
(4,530)
(1,800)
Called up share capital
100
100
Profit and loss account
43,001
7,494
Shareholders' funds
43,101
7,594
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
Kashif Ishtiaq Latif
Director
Company Registration No. 14556457
THE YARN COMPANY LTD
Notes to the Accounts
for the year ended 31 December 2024
THE YARN COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 14556457. The registered office is 84 BORDESLEY STREET, DIGBETH, BIRMINGHAM, WEST MIDLANDS, B5 5PN, UNITED KINGDOM.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20 % Reducing balance
Computer equipment
25% striaght line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Other
THE YARN COMPANY LTD
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 December 2024
2,000
596
2,596
Charge for the year
400
149
549
At 31 December 2024
400
149
549
At 31 December 2024
1,600
447
2,047
Amounts falling due within one year
Trade debtors
86,365
9,672
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
2,631
Taxes and social security
11,023
1,758
Loans from directors
(1,242)
-
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
4,530
1,800
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).