Company Registration No. 06605769 (England and Wales)
Spiral Creative Limited
Unaudited accounts
for the year ended 30 September 2023
Spiral Creative Limited
Unaudited accounts
Contents
Spiral Creative Limited
Company Information
for the year ended 30 September 2023
Company Number
06605769 (England and Wales)
Registered Office
4 Dorset Vale
Warfield
Bracknell
Berkshire
RG42 3JL
England
Accountants
Sundial Accounting Limited
44 Matthews Chase
Bracknell
Berkshire
RG42 4UR
Spiral Creative Limited
Statement of financial position
as at 30 September 2023
Tangible assets
14,599
16,908
Cash at bank and in hand
598,447
625,705
Creditors: amounts falling due within one year
(49,839)
(56,987)
Net current assets
615,529
592,026
Total assets less current liabilities
630,128
608,934
Provisions for liabilities
Deferred tax
(2,774)
(3,213)
Net assets
627,354
605,721
Called up share capital
100
100
Profit and loss account
627,254
605,621
Shareholders' funds
627,354
605,721
For the year ending 30 September 2023 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 his 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 21 June 2024 and were signed on its behalf by
Mr Jamie ELLIS
Director
Company Registration No. 06605769
Spiral Creative Limited
Notes to the Accounts
for the year ended 30 September 2023
Spiral Creative Limited is a private company, limited by shares, registered in England and Wales, registration number 06605769. The registered office is 4 Dorset Vale, Warfield, Bracknell, Berkshire, RG42 3JL, 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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Spiral Creative Limited
Notes to the Accounts
for the year ended 30 September 2023
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 September 2023
10,000
At 30 September 2023
10,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
14,927
29,358
28,264
72,549
Additions
1,098
-
1,460
2,558
At 30 September 2023
16,025
29,358
29,724
75,107
At 1 October 2022
10,009
24,133
21,499
55,641
Charge for the year
1,505
1,306
2,056
4,867
At 30 September 2023
11,514
25,439
23,555
60,508
At 30 September 2023
4,511
3,919
6,169
14,599
At 30 September 2022
4,918
5,225
6,765
16,908
Amounts falling due within one year
Trade debtors
18,724
18,081
Accrued income and prepayments
42,963
1,067
Spiral Creative Limited
Notes to the Accounts
for the year ended 30 September 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
8,270
1,327
Taxes and social security
27,365
7,466
Loans from directors
10,954
45,071
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
