REGISTERED NUMBER: 14625487 (England and Wales)

SEWING DIRECT MIDLANDS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D K Adams

REGISTERED OFFICE:

133 High Road

Beeston

Nottinghamshire

NG9 2LL

REGISTERED NUMBER:

14625487 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Intangible assets

5

2,701

8,861

Tangible assets

6

2,562

2,299

5,263

11,160

CURRENT ASSETS

Stocks

44,382

40,083

Debtors

7

-

9,631

Cash at bank and in hand

6,876

14,530

51,258

64,244

CREDITORS

Amounts falling due within one year

8

69,162

83,337

NET CURRENT LIABILITIES

(17,904

)

(19,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,641

)

(7,933

)

PROVISIONS FOR LIABILITIES

745

-

NET LIABILITIES

(13,386

)

(7,933

)

CAPITAL AND RESERVES

Called up, paid and allotted

share capital

100

100

Retained earnings

(13,486

)

(8,033

)

(13,386

)

(7,933

)

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2026 and were signed by:

D K Adams - Director

1.	STATUTORY INFORMATION

Sewing Direct Midlands Limited 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, rounded to the nearest pound.

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

The financial statements have been prepared on a going concern basis, which is considered appropriate by the director as the company operates within its agreed banking facilities and with the support of the director.

Income recognition

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of four 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

-

20% on cost

Fixtures and fittings

-

20% 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.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

20,900

AMORTISATION

At 1 April 2025

12,039

Amortisation for year

6,160

At 31 March 2026

18,199

NET BOOK VALUE

At 31 March 2026

2,701

At 31 March 2025

8,861

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2025

2,140

1,341

3,481

Additions

876

329

1,205

At 31 March 2026

3,016

1,670

4,686

DEPRECIATION

At 1 April 2025

646

536

1,182

Charge for year

608

334

942

At 31 March 2026

1,254

870

2,124

NET BOOK VALUE

At 31 March 2026

1,762

800

2,562

At 31 March 2025

1,494

805

2,299

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

-

9,631

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

23,632

34,625

Taxation and social security

5,229

3,133

Other creditors

40,301

45,579

69,162

83,337

9.	RELATED PARTY DISCLOSURES

The director operates a loan account with the company which is both interest free and repayable on demand. During the year the company repaid loans in aggregate of £6,121. At the end of the year the company owed the director £39,269.