Company Registration No. 11454416 (England and Wales)
STITCH AI LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
STITCH AI LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
STITCH AI LIMITED
Company Registration No. 11454416
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
2
Current assets
Debtors
4
11,715
11,240
Cash at bank and in hand
197,130
127,707
208,845
138,947
Creditors: amounts falling due within one year
5
(177,228)
(108,754)
Net current assets
31,617
30,193
Total assets less current liabilities
31,617
30,195
Creditors: amounts falling due after more than one year
6
(2,662)
(12,626)
Net assets
28,955
17,569
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
28,855
17,469
Total equity
28,955
17,569

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

STITCH AI LIMITED
Company Registration No. 11454416
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 25 September 2025 and are signed on its behalf by:
Paul Gandar
Andrew Bowes
Director
Director
STITCH AI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Stitch AI Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Market Place, Kingston Upon Thames, England, KT1 1JP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in management consulting, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

STITCH AI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
STITCH AI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
5,407
Depreciation and impairment
At 1 April 2024
5,405
Depreciation charged in the year
2
At 31 March 2025
5,407
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
2
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
11,715
11,240
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,434
10,648
Taxation and social security
144,717
81,497
Other creditors
22,077
16,609
177,228
108,754
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,662
12,626
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
STITCH AI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
8
Related party transactions

At the balance sheet date, the company owes the directors £4,211 (202 4 - £4,582). £1,911 is owed to A Bowes, and £2,301 is owed to P Gandar. Th e s e loan s are interest free and repayable on demand.

2025-03-31 2024-04-01 false false false 30 September 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Paul Gandar Andrew Bowes 11454416 2024-04-01 2025-03-31 11454416 2025-03-31 11454416 2024-03-31 11454416 core:OtherPropertyPlantEquipment 2025-03-31 11454416 core:OtherPropertyPlantEquipment 2024-03-31 11454416 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11454416 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11454416 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 11454416 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11454416 core:CurrentFinancialInstruments 2025-03-31 11454416 core:CurrentFinancialInstruments 2024-03-31 11454416 core:ShareCapital 2025-03-31 11454416 core:ShareCapital 2024-03-31 11454416 core:RetainedEarningsAccumulatedLosses 2025-03-31 11454416 core:RetainedEarningsAccumulatedLosses 2024-03-31 11454416 core:ShareCapitalOrdinaryShareClass1 2025-03-31 11454416 core:ShareCapitalOrdinaryShareClass1 2024-03-31 11454416 bus:Director1 2024-04-01 2025-03-31 11454416 bus:Director2 2024-04-01 2025-03-31 11454416 core:ComputerEquipment 2024-04-01 2025-03-31 11454416 2023-04-01 2024-03-31 11454416 core:OtherPropertyPlantEquipment 2024-03-31 11454416 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 11454416 core:Non-currentFinancialInstruments 2025-03-31 11454416 core:Non-currentFinancialInstruments 2024-03-31 11454416 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11454416 bus:OrdinaryShareClass1 2025-03-31 11454416 bus:OrdinaryShareClass1 2024-03-31 11454416 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11454416 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11454416 bus:FRS102 2024-04-01 2025-03-31 11454416 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11454416 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP