Soft Touch Needlecraft Limited


Directors	Darren Fisher
	Patricia Ann Fisher


Registered Address	Brookside
	Mary Tavy
	Tavistock
	PL19 9PR


Registered Number	13758391 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		66,000		69,000
Tangible assets	4		2,176		2,722
			68,176		71,722
Current assets
Stocks	5	82,782		65,000
Debtors		3		-
Cash at bank and on hand		71,104		44,451
		153,889		109,451
Creditors amounts falling due within one year	6	(14,521)		(8,195)
Net current assets (liabilities)			139,368		101,256
Total assets less current liabilities			207,544		172,978
Creditors amounts falling due after one year	7		-		(153,950)
Provisions for liabilities	8		(413)		(517)
Net assets			207,131		18,511
Capital and reserves
Called up share capital			100		100
Profit and loss account			207,031		18,411
Shareholders' funds			207,131		18,511

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 November 2025, and are signed on its behalf by:

Darren Fisher
Director
Registered Company No. 13758391

Soft Touch Needlecraft Limited

Notes to the Financial Statements
for the year ended 30 April 2025

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.

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.

	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.

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.

	Intangible assets
	Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	20

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		6

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 May 24	75,000	75,000
At 30 April 25	75,000	75,000
Amortisation and impairment
At 01 May 24	6,000	6,000
Charge for year	3,000	3,000
At 30 April 25	9,000	9,000
Net book value
At 30 April 25	66,000	66,000
At 30 April 24	69,000	69,000

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 May 24	3,280	3,280
At 30 April 25	3,280	3,280
Depreciation and impairment
At 01 May 24	558	558
Charge for year	546	546
At 30 April 25	1,104	1,104
Net book value
At 30 April 25	2,176	2,176
At 30 April 24	2,722	2,722

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	82,782	65,000
Total	82,782	65,000

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	252	-
Taxation and social security	13,368	7,954
Other creditors	901	241
Total	14,521	8,195

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	153,950
Total	-	153,950

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	413	517
Total	413	517

9.	Related party transactions
	At the year end the company owed, D. Fisher, director, £867 (2024 - £215)