REGISTERED NUMBER: 08844579 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Loop Knitting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms S Cropper

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lanes

Potters Bar

Hertfordshire

EN6 1BW

REGISTERED NUMBER:

08844579 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

23,572

25,088

CURRENT ASSETS

Stocks

165,250

148,000

Debtors

5

23,913

28,479

Cash at bank

559,632

504,247

748,795

680,726

CREDITORS

Amounts falling due within one year

6

172,571

162,109

NET CURRENT ASSETS

576,224

518,617

TOTAL ASSETS LESS CURRENT LIABILITIES

599,796

543,705

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

599,696

543,605

SHAREHOLDERS' FUNDS

599,796

543,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 5 December 2025 and were signed by:

Ms S Cropper - Director

1.	STATUTORY INFORMATION

Loop Knitting 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

14,984

17,602

12,382

44,968

DEPRECIATION

At 1 April 2024

-

14,138

5,742

19,880

Charge for year

-

520

996

1,516

At 31 March 2025

-

14,658

6,738

21,396

NET BOOK VALUE

At 31 March 2025

14,984

2,944

5,644

23,572

At 31 March 2024

14,984

3,464

6,640

25,088

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

18,913

23,479

Other debtors

5,000

5,000

23,913

28,479

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

59,970

31,525

Tax

39,647

57,309

Social security and other taxes

4,177

3,472

VAT

68,357

61,022

Directors' current accounts

420

420

Accrued expenses

-

8,361

172,571

162,109

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary Shares

£1.00

100

100

8.

RESERVES

Retained

earnings

£

At 1 April 2024

543,605

Profit for the year

123,091

Dividends

(67,000

)

At 31 March 2025

599,696

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by Susan Cropper.