Liss Yarns Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 15824943

		31 March 2026		31 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		47,208		52,708
Tangible Assets	5		14,019		12,696

			61,227		65,404
CURRENT ASSETS
Stocks	6	75,355		44,489
Debtors	7	-		6,087
Cash at bank and in hand		38,655		22,932

		114,010		73,508
Creditors: Amounts Falling Due Within One Year	8	(184,069 )		(164,346 )

NET CURRENT ASSETS (LIABILITIES)			(70,059 )		(90,838 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(8,832 )		(25,434 )

NET LIABILITIES			(8,832 )		(25,434 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(8,834 )		(25,436 )

SHAREHOLDERS' FUNDS			(8,832)		(25,434)

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Liss Yarns Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

R J Gray

Director

16 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Liss Yarns Ltd is a private company, limited by shares,registered in England & Wales. The company's registered office address is The Old Dairy, Farnham Road, Liss, Hampshire, GU33 6JZ.

The presentation currency of the financial statements is Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% on reducing balance
Computer Equipment	33% on cost

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

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Liss Yarns Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	55,000

As at 31 March 2026	55,000

Amortisation
As at 1 April 2025	2,292
Provided during the period	5,500

As at 31 March 2026	7,792

Net Book Value
As at 31 March 2026	47,208

As at 1 April 2025	52,708

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	13,263	690	13,953
Additions	4,575	-	4,575

As at 31 March 2026	17,838	690	18,528

Depreciation
As at 1 April 2025	1,174	83	1,257
Provided during the period	3,022	230	3,252

As at 31 March 2026	4,196	313	4,509

Net Book Value
As at 31 March 2026	13,642	377	14,019

As at 1 April 2025	12,089	607	12,696

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Liss Yarns Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Stocks

	31 March 2026	31 March 2025
	£	£
Stock	75,355	44,489

7. Debtors

	31 March 2026	31 March 2025
	£	£
Due within one year
Other debtors	-	6,087

8. Creditors: Amounts Falling Due Within One Year

	31 March 2026	31 March 2025
	£	£
Trade creditors	1	19,356
Other creditors	180,940	144,990
Taxation and social security	3,128	-

	184,069	164,346

9. Share Capital

	31 March 2026	31 March 2025
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

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