Sitting Spiritually Limited - Filleted accounts

Registered number

05295574

Sitting Spiritually Limited

Filleted Accounts

31 March 2026

Sitting Spiritually Limited
Registered number:		05295574
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		1,358			5,612

Current assets
Stocks		-			105,624
Debtors	5	281,039			203,834
Cash at bank and in hand		135,226			79,061
		416,265			388,519

Creditors: amounts falling due within one year	6	(65,721)			(72,027)

Net current assets			350,544			316,492

Total assets less current liabilities			351,902			322,104


Provisions for liabilities			(258)			(1,066)


Net assets			351,644			321,038

Capital and reserves
Called up share capital			10			10
Profit and loss account			351,634			321,028

Shareholders' funds			351,644			321,038

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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




M Young
Director
Approved by the board on 30 July 2026

Sitting Spiritually Limited
Notes to the Accounts
for the year ended 31 March 2026


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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance
	Computer equipment	33% reducing balance
	Motor vehicles	25% reducing balance

	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.

	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			0		0


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2025					23,700
	Disposals					(23,700)
	At 31 March 2026					-

	Amortisation
	At 1 April 2025					23,700
	On disposals					(23,700)
	At 31 March 2026					-

	Net book value
	At 31 March 2026					-

	Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	7,442		16,500		23,942
	Disposals	-		(16,500)		(16,500)
	At 31 March 2026	7,442		-		7,442

	Depreciation
	At 1 April 2025	5,746		12,584		18,330
	Charge for the year	338		-		338
	On disposals	-		(12,584)		(12,584)
	At 31 March 2026	6,084		-		6,084

	Net book value
	At 31 March 2026	1,358		-		1,358
	At 31 March 2025	1,696		3,916		5,612


5	Debtors			2026		2025
£					£

	Trade debtors			87,000		11,051
	Other debtors			194,039		192,783
				281,039		203,834


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			586		19,533
	Taxation and social security costs			26,352		13,699
	Other creditors			38,783		38,795
				65,721		72,027


7	Controlling party

	The company is controlled by the director.


8	Other information

	Sitting Spiritually Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Loft
	Unit 11, Hunthay Business Park
	Axminster
	Devon
	EX13 5RJ