IRIS Accounts Production v23.2.0.158 03920318 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039203182022-03-31039203182023-03-31039203182022-04-012023-03-31039203182021-03-31039203182021-04-012022-03-31039203182022-03-3103920318ns10:Originalns15:EnglandWales2022-04-012023-03-3103920318ns14:PoundSterlingns10:Original2022-04-012023-03-3103920318ns10:Originalns10:Director12022-04-012023-03-3103920318ns10:Original2022-04-012023-03-3103920318ns10:Original2023-03-3103920318ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103920318ns10:Originalns10:SmallEntities2022-04-012023-03-3103920318ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103920318ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103920318ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103920318ns10:Originalns10:FullAccounts2022-04-012023-03-3103920318ns10:Original12022-04-012023-03-3103920318ns10:Originalns10:Director22022-04-012023-03-3103920318ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103920318ns10:Original2022-03-3103920318ns10:Originalns5:CurrentFinancialInstruments2023-03-3103920318ns10:Originalns5:CurrentFinancialInstruments2022-03-3103920318ns5:ShareCapitalns10:Original2023-03-3103920318ns5:ShareCapitalns10:Original2022-03-3103920318ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103920318ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103920318ns10:Originalns5:PlantMachinery2022-04-012023-03-3103920318ns10:Originalns5:FurnitureFittings2022-04-012023-03-3103920318ns10:Originalns5:ComputerEquipment2022-04-012023-03-3103920318ns10:Original2021-04-012022-03-3103920318ns10:Originalns5:NetGoodwill2022-03-3103920318ns10:Originalns5:NetGoodwill2023-03-3103920318ns10:Originalns5:NetGoodwill2022-03-3103920318ns10:Originalns5:PlantMachinery2022-03-3103920318ns10:Originalns5:FurnitureFittings2022-03-3103920318ns10:Originalns5:ComputerEquipment2022-03-3103920318ns10:Original2022-03-3103920318ns10:Originalns5:PlantMachinery2023-03-3103920318ns10:Originalns5:FurnitureFittings2023-03-3103920318ns10:Originalns5:ComputerEquipment2023-03-3103920318ns10:Originalns5:PlantMachinery2022-03-3103920318ns10:Originalns5:FurnitureFittings2022-03-3103920318ns10:Originalns5:ComputerEquipment2022-03-3103920318ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103920318ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 03920318 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Spineworks Ltd

Spineworks Ltd (Registered number: 03920318)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spineworks Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A Quaile
Mrs D E Quaile





REGISTERED OFFICE: 7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP





REGISTERED NUMBER: 03920318 (England and Wales)





ACCOUNTANTS: Stanbridge Associates Limited
7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP

Spineworks Ltd (Registered number: 03920318)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,261 5,680
4,261 5,680

CURRENT ASSETS
Debtors 6 137,765 144,315
Cash at bank 25,099 39,673
162,864 183,988
CREDITORS
Amounts falling due within one
year

7

82,192

102,308
NET CURRENT ASSETS 80,672 81,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,933

87,360

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 84,833 87,260
SHAREHOLDERS' FUNDS 84,933 87,360

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Spineworks Ltd (Registered number: 03920318)

Balance Sheet - continued
31 March 2023


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 9 October 2023 and were signed on its behalf by:





A Quaile - Director


Spineworks Ltd (Registered number: 03920318)

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

1. STATUTORY INFORMATION

Spineworks Ltd 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.

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 represents trading income accrued during the period shown by these financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% Reducing Balance
Fixtures and fittings - 25% Reducing Balance
Computer equipment - 25% Reducing Balance

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 6 (2022 - 5 ) .

Spineworks Ltd (Registered number: 03920318)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 575,000
AMORTISATION
At 1 April 2022
and 31 March 2023 575,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 4,722 5,594 25,484 35,800
DEPRECIATION
At 1 April 2022 3,973 4,524 21,623 30,120
Charge for year 187 267 965 1,419
At 31 March 2023 4,160 4,791 22,588 31,539
NET BOOK VALUE
At 31 March 2023 562 803 2,896 4,261
At 31 March 2022 749 1,070 3,861 5,680

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,415 144,315
Other debtors 350 -
137,765 144,315

Spineworks Ltd (Registered number: 03920318)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 272 2,445
Taxation and social security 68,903 93,225
Other creditors 13,017 6,638
82,192 102,308