Lace & Thread Limited - Filleted accounts

Registered number

12960795

Lace & Thread Limited

Filleted Accounts

31 October 2025

Lace & Thread Limited
Registered number:		12960795
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Current assets
Stocks		500			500
Debtors	3	26,841			360
Cash at bank and in hand		48,466			87,825
		75,807			88,685

Creditors: amounts falling due within one year	4	(8,517)			(13,916)

Net current assets			67,290			74,769

Net assets			67,290			74,769

Capital and reserves
Called up share capital			100			100
Profit and loss account			67,190			74,669

Shareholder's funds			67,290			74,769

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Sara Hassan
Director
Approved by the board on 21 July 2026

Lace & Thread Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	1		1


3	Debtors	2025		2024
£			£

	Trade debtors	-		360
	Amounts owed by group undertakings and undertakings in which the company has a participating interest	21,841		-
	Other debtors	5,000		-
		26,841		360


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	780		2,061
	Taxation and social security costs	6,005		8,935
	Other creditors	1,732		2,920
		8,517		13,916


5	Other information

	Lace & Thread Limited is a private company limited by shares and incorporated in England. Its registered office is:

	7 Colebrook Road
	Timperley
	Altrincham
	Greater Manchester
	WA15 6NW