Company Registration No. 10013007 (England and Wales)
Spin Brands Limited
Unaudited accounts
for the year ended 28 February 2022
Spin Brands Limited
Unaudited accounts
Contents
Spin Brands Limited
Company Information
for the year ended 28 February 2022
Directors
Max Alexander Whicher
Alex Bodini
Company Number
10013007 (England and Wales)
Registered Office
Mercury House
117 Waterloo Road
Waterloo
London
SE18UL
Accountants
Enso Accountants Ltd
Spin Brands Limited
Statement of financial position
as at 28 February 2022
Intangible assets
76,382
76,382
Tangible assets
17,410
12,782
Cash at bank and in hand
127,768
132,537
Creditors: amounts falling due within one year
(370,991)
(273,289)
Net current assets
366,630
88,525
Net assets
543,222
204,489
Called up share capital
20
20
Profit and loss account
543,202
204,469
Shareholders' funds
543,222
204,489
For the year ending 28 February 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 1 November 2022 and were signed on its behalf by
Alex Bodini
Director
Company Registration No. 10013007
Spin Brands Limited
Notes to the Accounts
for the year ended 28 February 2022
Spin Brands Limited is a private company, limited by shares, registered in England and Wales, registration number 10013007. The registered office is Mercury House, 117 Waterloo Road, Waterloo, London, SE18UL.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 Year Straight Line
Computer equipment
3 Year Straight Line
4
Intangible fixed assets
Other
At 28 February 2022
76,382
At 28 February 2022
76,382
At 28 February 2021
76,382
Spin Brands Limited
Notes to the Accounts
for the year ended 28 February 2022
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2021
6,509
20,000
26,509
Additions
767
14,044
14,811
At 28 February 2022
7,276
33,261
40,537
At 1 March 2021
2,784
10,943
13,727
Charge for the year
976
8,620
9,596
At 28 February 2022
3,760
19,367
23,127
At 28 February 2022
3,516
13,894
17,410
At 28 February 2021
3,725
9,057
12,782
6
Investments
Other investments
Valuation at 1 March 2021
26,800
Valuation at 28 February 2022
82,800
Amounts falling due within one year
Trade debtors
306,644
123,936
Accrued income and prepayments
112,513
12,666
Other debtors
7,840
28,475
Amounts falling due after more than one year
Other debtors
182,856
64,200
8
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
40,696
50,000
Trade creditors
48,659
15,734
Taxes and social security
142,252
99,243
Loans from directors
899
51,501
Spin Brands Limited
Notes to the Accounts
for the year ended 28 February 2022
9
Average number of employees
During the year the average number of employees was 25 (2021: 25).
