1 July 2024 false No description of principal activity Taxfiler 2024.6 08553527 business:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 08553527 2024-06-30 08553527 2024-07-01 2025-06-30 08553527 business:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 08553527 business:FilletedAccounts 2024-07-01 2025-06-30 08553527 2025-06-30 08553527 business:Director1 2024-07-01 2025-06-30 08553527 business:Director2 2024-07-01 2025-06-30 08553527 business:RegisteredOffice 2024-07-01 2025-06-30 08553527 2024-06-30 08553527 core:WithinOneYear 2025-06-30 08553527 core:WithinOneYear 2024-06-30 08553527 core:AfterOneYear 2025-06-30 08553527 core:AfterOneYear 2024-06-30 08553527 core:ShareCapital core:PreviouslyStatedAmount 2025-06-30 08553527 core:ShareCapital core:PreviouslyStatedAmount 2024-06-30 08553527 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-06-30 08553527 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-06-30 08553527 core:PreviouslyStatedAmount 2025-06-30 08553527 core:PreviouslyStatedAmount 2024-06-30 08553527 business:SmallEntities 2024-07-01 2025-06-30 08553527 countries:EnglandWales 2024-07-01 2025-06-30 08553527 core:PlantMachinery 2024-07-01 2025-06-30 08553527 core:FurnitureFittings 2024-07-01 2025-06-30 08553527 core:PlantMachinery 2024-06-30 08553527 core:FurnitureFittings 2024-06-30 08553527 core:PlantMachinery 2025-06-30 08553527 core:FurnitureFittings 2025-06-30 08553527 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company Registration No. 08553527 (England and Wales)
Knitster Limited Unaudited accounts for the year ended 30 June 2025
Knitster Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Knitster Limited Company Information for the year ended 30 June 2025
Directors
Aysen Bayram Emma Claire McClelland
Company Number
08553527 (England and Wales)
Registered Office
44 NIGEL ROAD LONDON E7 8AN ENGLAND
Accountants
Yash & Co. Accountants 44 Nigel Road Forest Gate London E7 8AN
- 3 -
Knitster Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
26,266
27,934
Current assets
Inventories
43,364
41,864
Debtors
5
26,135
26,553
Cash at bank and in hand
27,515
14,028
97,014
82,445
Creditors: amounts falling due within one year
6
(120,555)
(91,843)
Net current liabilities
(23,541)
(9,398)
Total assets less current liabilities
2,725
18,536
Creditors: amounts falling due after more than one year
7
(43,370)
(44,299)
Net liabilities
(40,645)
(25,763)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(40,745)
(25,863)
Shareholders' funds
(40,645)
(25,763)
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 7 April 2026 and were signed on its behalf by
Emma Claire McClelland Director Company Registration No. 08553527
- 4 -
Knitster Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Knitster Limited is a private company, limited by shares, registered in England and Wales, registration number 08553527. The registered office is 44 NIGEL ROAD, LONDON, E7 8AN, ENGLAND.
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
These financial statements for the year ended 30 June 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
79,038
1,514
80,552
Additions
17,565
489
18,054
At 30 June 2025
96,603
2,003
98,606
Depreciation
At 1 July 2024
52,126
492
52,618
Charge for the year
19,321
401
19,722
At 30 June 2025
71,447
893
72,340
Net book value
At 30 June 2025
25,156
1,110
26,266
At 30 June 2024
26,912
1,022
27,934
- 5 -
Knitster Limited Notes to the Accounts for the year ended 30 June 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
19,736
23,899
Accrued income and prepayments
2,200
2,200
Other debtors
4,199
454
26,135
26,553
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
15,530
2,890
Trade creditors
4,290
29,974
Taxes and social security
44,676
928
Other creditors
51,659
46,443
Loans from directors
-
17,680
Accruals
4,400
(6,072)
120,555
91,843
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
11,683
17,531
Obligations under finance leases and hire purchase contracts
11,904
-
Other creditors
19,783
26,768
43,370
44,299
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 6 -