IRIS Accounts Production v23.3.0.418 06481300 Board of Directors 1.1.22 31.12.22 31.12.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064813002021-12-31064813002022-12-31064813002022-01-012022-12-31064813002020-12-31064813002021-01-012021-12-31064813002021-12-3106481300ns10:Originalns15:EnglandWales2022-01-012022-12-3106481300ns14:PoundSterlingns10:Original2022-01-012022-12-3106481300ns10:Originalns10:Director12022-01-012022-12-3106481300ns10:Original2022-01-012022-12-3106481300ns10:Original2022-12-3106481300ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3106481300ns10:Originalns10:SmallEntities2022-01-012022-12-3106481300ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3106481300ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3106481300ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3106481300ns10:Originalns10:FullAccounts2022-01-012022-12-3106481300ns10:Original12022-01-012022-12-3106481300ns10:Originalns10:Director22022-01-012022-12-3106481300ns10:CompanySecretary1ns10:Original2022-01-012022-12-3106481300ns10:Originalns10:RegisteredOffice2022-01-012022-12-3106481300ns10:Original2021-12-3106481300ns10:Originalns5:CurrentFinancialInstruments2022-12-3106481300ns10:Originalns5:CurrentFinancialInstruments2021-12-3106481300ns10:Originalns5:Non-currentFinancialInstruments2022-12-3106481300ns10:Originalns5:Non-currentFinancialInstruments2021-12-3106481300ns5:ShareCapitalns10:Original2022-12-3106481300ns5:ShareCapitalns10:Original2021-12-3106481300ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3106481300ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3106481300ns10:Originalns5:NetGoodwill2022-01-012022-12-3106481300ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-01-012022-12-3106481300ns10:Originalns5:PlantMachinery2022-01-012022-12-3106481300ns10:Original2021-01-012021-12-3106481300ns10:Originalns5:NetGoodwill2021-12-3106481300ns10:Originalns5:NetGoodwill2022-12-3106481300ns10:Originalns5:NetGoodwill2021-12-3106481300ns10:Originalns5:PlantMachinery2021-12-3106481300ns10:Originalns5:PlantMachinery2022-12-3106481300ns10:Originalns5:PlantMachinery2021-12-3106481300ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106481300ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3106481300ns10:Original1ns10:Director12021-12-3106481300ns10:Original1ns10:Director12020-12-3106481300ns10:Original1ns10:Director12022-01-012022-12-3106481300ns10:Original1ns10:Director12021-01-012021-12-3106481300ns10:Original1ns10:Director12022-12-3106481300ns10:Original1ns10:Director12021-12-31
REGISTERED NUMBER: 06481300 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2022

for

SPINNINGDRUM LIMITED

SPINNINGDRUM LIMITED (REGISTERED NUMBER: 06481300)






Contents of the Financial Statements
for the Year Ended 31st December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPINNINGDRUM LIMITED

Company Information
for the Year Ended 31st December 2022







DIRECTORS: C Heaton
Ms A C Hickman





SECRETARY: Ms A C Hickman





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 06481300 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

SPINNINGDRUM LIMITED (REGISTERED NUMBER: 06481300)

Balance Sheet
31st December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 999 1,332
999 1,332

CURRENT ASSETS
Debtors 6 14,059 13,793
Cash at bank 14,687 35,665
28,746 49,458
CREDITORS
Amounts falling due within one year 7 24,036 22,094
NET CURRENT ASSETS 4,710 27,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,709

28,696

CREDITORS
Amounts falling due after more than one
year

8

(17,279

)

(24,429

)

PROVISIONS FOR LIABILITIES (190 ) (253 )
NET (LIABILITIES)/ASSETS (11,760 ) 4,014

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (11,860 ) 3,914
SHAREHOLDERS' FUNDS (11,760 ) 4,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

SPINNINGDRUM LIMITED (REGISTERED NUMBER: 06481300)

Balance Sheet - continued
31st December 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th October 2023 and were signed on its behalf by:





C Heaton - Director


SPINNINGDRUM LIMITED (REGISTERED NUMBER: 06481300)

Notes to the Financial Statements
for the Year Ended 31st December 2022

1. STATUTORY INFORMATION

Spinningdrum 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.

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.

At the 31st December 2022 the company's liabilities exceeded it's assets by £11,760. These accounts have been prepared using the going concern basis as the bank has provided sufficient finance for a minimum twelve month period from the date of approval of these financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

SPINNINGDRUM LIMITED (REGISTERED NUMBER: 06481300)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2022
and 31st December 2022 10,000
AMORTISATION
At 1st January 2022
and 31st December 2022 10,000
NET BOOK VALUE
At 31st December 2022 -
At 31st December 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2022
and 31st December 2022 5,937
DEPRECIATION
At 1st January 2022 4,605
Charge for year 333
At 31st December 2022 4,938
NET BOOK VALUE
At 31st December 2022 999
At 31st December 2021 1,332

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 12,087 11,839
Other debtors 1,972 1,954
14,059 13,793

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,112 7,150
Trade creditors 576 1,669
Taxation and social security 8,256 10,567
Other creditors 6,092 2,708
24,036 22,094

SPINNINGDRUM LIMITED (REGISTERED NUMBER: 06481300)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 17,279 24,429

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2022 and 31st December 2021:

2022 2021
£    £   
C Heaton
Balance outstanding at start of year 30 146
Amounts advanced 4,322 26,569
Amounts repaid (4,339 ) (26,685 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13 30

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Heaton.