REGISTERED NUMBER: 08433251 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

SEW KNIT CRAFT LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I J Spence

I Spence

D Spence

J S Spence

REGISTERED OFFICE:

163 St Neots Road

Hardwick

Cambridge

Cambridgeshire

CB23 7QJ

REGISTERED NUMBER:

08433251 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Intangible assets

5

1

1

Tangible assets

6

1,201

3,117

1,202

3,118

CURRENT ASSETS

Stocks

80,000

80,000

Cash and cash equivalents

33,990

18,421

113,990

98,421

CREDITORS

Amounts falling due within one year

7

(114,196

)

(103,767

)

NET CURRENT LIABILITIES

(206

)

(5,346

)

TOTAL ASSETS LESS CURRENT LIABILITIES

996

(2,228

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

994

(2,230

)

SHAREHOLDERS' FUNDS

996

(2,228

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

I J Spence - Director

1.	STATUTORY INFORMATION

Sew Knit Craft Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date, the company had net liabilities of £2,228 (2024: £17,730). The financial statements have been prepared on a going concern basis as the company continues to receive the support from the directors as required to ensure it meets all liabilities as they fall due.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the sale of textiles material and machinery.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

55,882

AMORTISATION

At 1 June 2025

and 31 May 2026

55,881

NET BOOK VALUE

At 31 May 2026

1

At 31 May 2025

1

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 June 2025

and 31 May 2026

10,826

5,865

16,691

DEPRECIATION

At 1 June 2025

9,211

4,363

13,574

Charge for year

1,615

301

1,916

At 31 May 2026

10,826

4,664

15,490

NET BOOK VALUE

At 31 May 2026

-

1,201

1,201

At 31 May 2025

1,615

1,502

3,117

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

15,892

8,176

Taxation and social security

7,697

2,438

Other creditors

90,607

93,153

114,196

103,767

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the directors were owed £88,413 (2025 £87,585), which is disclosed in Other Creditors. This amount is repayable on demand and bears no interest.