Lovingly Made With Threads Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 15006482

		31 January 2026		31 July 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		11,112		13,400
Tangible Assets	5		3,153		3,784

			14,265		17,184
CURRENT ASSETS
Stocks	6	14,862		21,625
Cash at bank and in hand		6,199		751

		21,061		22,376
Creditors: Amounts Falling Due Within One Year	7	(19,040 )		(23,942 )

NET CURRENT ASSETS (LIABILITIES)			2,021		(1,566 )

TOTAL ASSETS LESS CURRENT LIABILITIES			16,286		15,618

Creditors: Amounts Falling Due After More Than One Year	8		(62,018 )		(14,714 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(599 )		(719 )

NET (LIABILITIES)/ASSETS			(46,331 )		185

CAPITAL AND RESERVES
Called up share capital	9		1		1
Income Statement			(46,332 )		184

SHAREHOLDERS' FUNDS			(46,331)		185

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Lovingly Made With Threads Limited

Statement of Financial Position (continued)

As At 31 January 2026

For the period ending 31 January 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 her 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 Income Statement.

On behalf of the board

Mrs Linda Osborne

Director

22/07/2026

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

1. General Information

Lovingly Made With Threads Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15006482 . The registered office is Bank House, King Street, Cerrigydrudion, Denbighshire, LLSA 9ST.

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.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 income statement over its estimated economic life.

Amortisation rate: 10% Straight line

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:

Plant & Machinery

10% Straight line

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. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Lovingly Made With Threads Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 31 January 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2024	15,250

As at 31 January 2026	15,250

Amortisation
As at 1 August 2024	1,850
Provided during the period	2,288

As at 31 January 2026	4,138

Net Book Value
As at 31 January 2026	11,112

As at 1 August 2024	13,400

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 August 2024	4,204

As at 31 January 2026	4,204

Depreciation
As at 1 August 2024	420
Provided during the period	631

As at 31 January 2026	1,051

Net Book Value
As at 31 January 2026	3,153

As at 1 August 2024	3,784

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Lovingly Made With Threads Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 31 January 2026

6. Stocks

	31 January 2026	31 July 2024
	£	£
Stock	14,862	21,625

7. Creditors: Amounts Falling Due Within One Year

	31 January 2026	31 July 2024
	£	£
Trade creditors	(1 )	-
Bank loans and overdrafts	10,710	12,032
Net wages	-	830
Other creditors	7,851	10,960
Accruals and deferred income	480	120

	19,040	23,942

8. Creditors: Amounts Falling Due After More Than One Year

	31 January 2026	31 July 2024
	£	£
Other creditors	62,018	14,714

9. Share Capital

	31 January 2026	31 July 2024
	£	£
Allotted, Called up and fully paid	1	1

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