ACCOUNTS - Final Accounts

Registered number: 02644122

ZIP 'N' STITCH LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2025

ZIP 'N' STITCH LIMITED

COMPANY INFORMATION

Director	A. B. Kahan


Registered number	02644122


Registered office	1st Floor Sackville House
	143-149 Fenchurch Street
	London
	EC3M 6BL

ZIP 'N' STITCH LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 6

ZIP 'N' STITCH LIMITED

REGISTERED NUMBER: 02644122

BALANCE SHEET

AS AT 30 OCTOBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		176		235
Current assets
Stocks		17,950		18,360
Debtors: amounts falling due within one year	6	6,016		4,327
		23,966		22,687
Creditors: amounts falling due within one year	7	(8,456)		(8,816)
Net current assets			15,510		13,871
Total assets less current liabilities			15,686		14,106
Creditors: amounts falling due after more than one year	8		(46,701)		(47,201)
Net liabilities			(31,015)		(33,095)

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Profit and loss account	(31,115)	(33,195)
Equity shareholders' deficit	(31,015)	(33,095)

Page 1

ZIP 'N' STITCH LIMITED

REGISTERED NUMBER: 02644122

BALANCE SHEET (CONTINUED)

AS AT 30 OCTOBER 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 October 2026.

A. B. Kahan

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

ZIP 'N' STITCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2025

1.	General information

Zip 'N' Stitch Limited (company number: 02644122), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL and trading address at 112 Station Road, Edgware, Middlesex, HA8 7BJ is a private limited company incorporated in England and Wales.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis. The director and shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of the approval of the financial statements.

2.3

Statement of cash flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section
1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small
company.

2.4

Turnover

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

2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the
lease term.

2.6

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

2.7

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1998, was amortised evenly over its estimated useful life of twenty years.

Page 3

ZIP 'N' STITCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.11

Creditors

Short-term creditors are measured at the transaction price.

2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Employees

The average monthly number of employees, including the director, during the year was 1 (2024 - 1).

Page 4

ZIP 'N' STITCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2025

4.	Intangible assets

		Goodwill
		£
	Cost
	As at 31 October 2024 and 30 October 2025	5,000
	Amortisation
	As at 31 October 2024 and 30 October 2025	5,000
	Net book value
	At 30 October 2025	-
	At 30 October 2024	-

5.	Tangible fixed assets

		Motor vehicles
		£
	Cost or valuation
	As at 31 October 2024 and 30 October 2025	12,000
	Depreciation
	At 31 October 2024	11,765
	Charge for the year	59
	At 30 October 2025	11,824
	Net book value
	At 30 October 2025	176
	At 30 October 2024	235

Page 5

ZIP 'N' STITCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2025

Debtors

					2025	2024
					£	£

Amounts due within one year
Trade debtors	2,852	1,773
Other debtors	3,164	2,554
	6,016	4,327

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	6,631	7,016
Trade creditors	900	900
Other creditors	925	900
	8,456	8,816

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Other creditors	46,701	47,201

9.	Related party disclosures
	Included within other creditors due after more than one year is an amount of £46,701 (2024: £47,201) which is payable to the director of the company.

Page 6