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REGISTERED NUMBER: 05383148 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

TAILSPIN LIMITED

TAILSPIN LIMITED (REGISTERED NUMBER: 05383148)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TAILSPIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J M Gilbert





SECRETARY: A Gilbert





REGISTERED OFFICE: Pulrose
1 Mountwood Road
Prenton
CH42 8NQ





REGISTERED NUMBER: 05383148 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

TAILSPIN LIMITED (REGISTERED NUMBER: 05383148)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,754 2,544

CURRENT ASSETS
Debtors 5 54,415 23,188
Cash at bank 8,974 21,890
63,389 45,078
CREDITORS
Amounts falling due within one year 6 (23,626 ) (20,467 )
NET CURRENT ASSETS 39,763 24,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,517

27,155

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 42,516 27,154
SHAREHOLDERS' FUNDS 42,517 27,155

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 director acknowledges his 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 director and authorised for issue on 18 October 2023 and were signed by:





J M Gilbert - Director


TAILSPIN LIMITED (REGISTERED NUMBER: 05383148)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Tailspin 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.

Turnover
Turnover is the total amount of fees and expenses receivable by the company excluding value added tax, in the ordinary course of its business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current 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 that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TAILSPIN LIMITED (REGISTERED NUMBER: 05383148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2022 6,291
Additions 1,128
At 31 March 2023 7,419
DEPRECIATION
At 1 April 2022 3,747
Charge for year 918
At 31 March 2023 4,665
NET BOOK VALUE
At 31 March 2023 2,754
At 31 March 2022 2,544

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,300
Director's current account 54,415 19,888
54,415 23,188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 19,890 10,796
Social security and other taxes 826 7,560
Accrued expenses 2,910 2,111
23,626 20,467