Spindrift UK Limited - Accounts to registrar (filleted) - small 23.1.2

Spindrift UK Limited - Accounts to registrar (filleted) - small 23.1.2

SPINDRIFT UK LIMITED - Company Information

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REGISTERED NUMBER: 05329267 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Spindrift UK Limited
Spindrift UK Limited (Registered number: 05329267)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Spindrift UK Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: D Ives
M Court





SECRETARY: D Ives





REGISTERED OFFICE: 12 Fairwood Road
Dilton Marsh
Westbury
BA13 4EA





REGISTERED NUMBER: 05329267 (England and Wales)
Page 1
Spindrift UK Limited (Registered number: 05329267)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,429 1,904

CURRENT ASSETS
Stocks 40,000 30,000
Debtors 5 1,988 8,361
Cash at bank 7,199 36,147
49,187 74,508
CREDITORS
Amounts falling due within one year 6 17,947 17,300
NET CURRENT ASSETS 31,240 57,208
TOTAL ASSETS LESS CURRENT
LIABILITIES
32,669
59,112

CAPITAL AND RESERVES
Called up share capital 750 750
Retained earnings 31,919 58,362
32,669 59,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2023 and were signed on its behalf by:





D Ives - Director


The notes form part of these financial statements

Page 2
Spindrift UK Limited (Registered number: 05329267)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Spindrift UK 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 (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Page 3 continued...
Spindrift UK Limited (Registered number: 05329267)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 7,931 6,242 14,173
DEPRECIATION
At 1 February 2022 6,205 6,064 12,269
Charge for year 431 44 475
At 31 January 2023 6,636 6,108 12,744
NET BOOK VALUE
At 31 January 2023 1,295 134 1,429
At 31 January 2022 1,726 178 1,904

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,988 8,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 10,786
VAT 4,069 3,824
G Ives 3,500 -
Directors' current accounts 9,582 2,141
Accrued expenses 796 549
17,947 17,300

Page 4