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Company Registration No. 00362326 (England and Wales)
UK Hand Knitting Association Limited Unaudited accounts for the year ended 30 June 2025
UK Hand Knitting Association Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Current assets
Debtors
4
61,233
51,315
Cash at bank and in hand
169,777
160,875
231,010
212,190
Creditors: amounts falling due within one year
5
(140,169)
(130,128)
Net current assets
90,841
82,062
Net assets
90,841
82,062
Reserves
6
Profit and loss account
90,841
82,062
Members' funds
90,841
82,062
For the year ending 30 June 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by
A J M Hill Director Company Registration No. 00362326
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UK Hand Knitting Association Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
UK Hand Knitting Association Limited is a private company, limited by guarantee, registered in England and Wales, registration number 00362326. The registered office is Tree Tops, Otley Road, ELDWICK, West Yorkshire, BD16 3DA.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
27,712
14,501
Accrued income and prepayments
33,521
36,814
61,233
51,315
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
17,657
15,103
Trade creditors
6,753
7,510
Taxes and social security
175
163
Accruals
115,584
107,352
140,169
130,128
6
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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UK Hand Knitting Association Limited Notes to the Accounts for the year ended 30 June 2025
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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