Stitch In Time Dundee Limited - Accounts to registrar (filleted) - small 18.2

Stitch In Time Dundee Limited - Accounts to registrar (filleted) - small 18.2

STITCH IN TIME DUNDEE LIMITED - Company Information

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REGISTERED NUMBER: SC337878 (Scotland)















Financial Statements for the Year Ended 31 January 2018

for

Stitch In Time Dundee Limited
Stitch In Time Dundee Limited (Registered number: SC337878)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stitch In Time Dundee Limited

Company Information
for the Year Ended 31 January 2018







DIRECTOR: R Tutus





REGISTERED OFFICE: 42 Commercial Street
Dundee
DD1 3EJ





REGISTERED NUMBER: SC337878 (Scotland)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FCPA, FFTA
536 Lordship Lane
London
N22 5BY
Page 1
Stitch In Time Dundee Limited (Registered number: SC337878)

Balance Sheet
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 495 1

CURRENT ASSETS
Cash at bank 699 1,605

CREDITORS
Amounts falling due within one year 5 3,982 1,810
NET CURRENT LIABILITIES (3,283 ) (205 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(2,788
)
(204
)

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 7 (3,788 ) (1,204 )
SHAREHOLDERS' FUNDS (2,788 ) (204 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 September 2018 and were signed by:



R Tutus - Director


The notes form part of these financial statements

Page 2
Stitch In Time Dundee Limited (Registered number: SC337878)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Stitch In Time Dundee Limited is a private company, limited by shares , registered in Scotland. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

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

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

Page 3 continued...
Stitch In Time Dundee Limited (Registered number: SC337878)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2017 2,850
Additions 618
At 31 January 2018 3,468
DEPRECIATION
At 1 February 2017 2,849
Charge for year 124
At 31 January 2018 2,973
NET BOOK VALUE
At 31 January 2018 495
At 31 January 2017 1

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade creditors 3,982 1,810

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.18 31.1.17
value: £    £   
1,000 Ordinary shares class A 1.00 1,000 1,000

7. RESERVES
Retained
earnings
£   

At 1 February 2017 (1,204 )
Deficit for the year (2,584 )
At 31 January 2018 (3,788 )

Page 4