Stitches Birmingham Limited

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

Registered number: 16054395

		31 March 2026
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		99,000
Tangible Assets	5		4,567

			103,567
CURRENT ASSETS
Debtors	6	34,098
Cash at bank and in hand		85,038

		119,136
Creditors: Amounts Falling Due Within One Year	7	(55,534 )

NET CURRENT ASSETS (LIABILITIES)			63,602

TOTAL ASSETS LESS CURRENT LIABILITIES			167,169

NET ASSETS			167,169

CAPITAL AND RESERVES
Called up share capital	8		100
Share premium account			113,326
Profit and Loss Account			53,743

SHAREHOLDERS' FUNDS			167,169

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Stitches Birmingham Limited

Balance Sheet (continued)

As At 31 March 2026

For the period 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 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.

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

K L Cetin

Director

22/07/2026

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

1. General Information

Stitches Birmingham Limited is a private company, limited by shares, incorporated in England & Wales, registered number 16054395 . The registered office is 55 Stephenson Street, Birmingham, B2 4DH.

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 represents amounts recognised by the company in respect of goods and services supplied excluded of value added tax and trade discounts.

Turnover principally consists of income from tailoring, clothes alterations and dry cleaning services, where net takings are recognised as earned.

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 10 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:

Plant & Machinery	25% Reducing Balance
Computer Equipment	25% Reducing Balance

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

2.5. 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.

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.

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Stitches Birmingham Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 31 March 2026

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

2.8. Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and oubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

2.9. Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 12

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	-
Additions	110,000

As at 31 March 2026	110,000

Amortisation
As at 1 November 2024	-
Provided during the period	11,000

As at 31 March 2026	11,000

Net Book Value
As at 31 March 2026	99,000

As at 1 November 2024	-

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2024	-	-	-
Additions	5,156	933	6,089

As at 31 March 2026	5,156	933	6,089

Depreciation
As at 1 November 2024	-	-	-
Provided during the period	1,289	233	1,522

As at 31 March 2026	1,289	233	1,522

...CONTINUED

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Stitches Birmingham Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 31 March 2026

Net Book Value
As at 31 March 2026	3,867	700	4,567

As at 1 November 2024	-	-	-

6. Debtors

	31 March 2026
	£
Due within one year
Trade debtors	33,927
Other debtors	171

	34,098

7. Creditors: Amounts Falling Due Within One Year

	31 March 2026
	£
Other creditors	2,791
Taxation and social security	52,743

	55,534

8. Share Capital

	31 March 2026
	£
Allotted, Called up and fully paid	100

9. Related Party Transactions

On 6th April 2025 the company acquired the business and assets of the sole trade V Cetin t/a Stitches Birmingham for a goodwill consideration of £110,000 plus assets.

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