Company Registration No. 8222654 (England and Wales)
THE UNCOMMON THREAD LIMITED
Unaudited accounts
for the year ended 31 March 2026
THE UNCOMMON THREAD LIMITED
Unaudited accounts
Contents
THE UNCOMMON THREAD LIMITED
Company Information
for the year ended 31 March 2026
Company Number
8222654 (England and Wales)
Registered Office
74 Ethel Street
Hove
East Sussex
BN3 3LL
England
Accountants
Angela MacCarthy Limited T A On The Spot
7 Chalfont Drive
Hove
East Sussex
BN3 6QR
THE UNCOMMON THREAD LIMITED
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
849
1,592
Creditors: amounts falling due within one year
(64,281)
(35,811)
Net current (liabilities)/assets
(41,493)
11,503
Total assets less current liabilities
(41,384)
11,888
Creditors: amounts falling due after more than one year
(3,101)
(9,250)
Provisions for liabilities
Net (liabilities)/assets
(44,506)
2,565
Called up share capital
10
10
Profit and loss account
(44,516)
2,555
Shareholders' funds
(44,506)
2,565
For the year 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2026 and were signed on its behalf by
Cecilia Persiano
Director
Company Registration No. 8222654
THE UNCOMMON THREAD LIMITED
Notes to the Accounts
for the year ended 31 March 2026
THE UNCOMMON THREAD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8222654. The registered office is 74 Ethel Street, Hove, East Sussex, BN3 3LL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Despite a challenging economic climate, the company retains the support of its director. It therefore continues to adopt the going concern basis of accounting.
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual
value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
25% per annum reducing balance
Computer equipment
33.3% per annum straight line
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a first in, first out basis. Net realisable value is based on estimated selling price, less any further costs of realisation.
Operating Lease Commitments
At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £12,000 (2025: £11,500).
THE UNCOMMON THREAD LIMITED
Notes to the Accounts
for the year ended 31 March 2026
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
6,399
2,940
9,339
At 31 March 2026
6,399
2,940
9,339
At 1 April 2025
6,014
2,940
8,954
Charge for the year
276
-
276
At 31 March 2026
6,290
2,940
9,230
At 31 March 2026
109
-
109
At 31 March 2025
385
-
385
Amounts falling due within one year
Trade debtors
1,802
17,877
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
44,055
21,542
Taxes and social security
-
967
Other creditors
2,255
2,212
Loans from directors
17,635
10,732
7
Creditors: amounts falling due after more than one year
2026
2025
8
Transactions with related parties
The transactions with the director and shareholder have not been conducted under normal market conditions. A balance due of £17,635 is due to the director at the year end, no interest is being charged by the director.
THE UNCOMMON THREAD LIMITED
Notes to the Accounts
for the year ended 31 March 2026
9
Average number of employees
During the year the average number of employees was 3 (2025: 3).