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Registered Number: 07100111
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2022

for

SPOON GROUP LTD

Directors A M Bonsall
C P Houghton
A Carr
Registered Number 07100111
Registered Office Unit 2
Lascombe Estate Highfield Lane
Puttenham
Surrey
GU3 1BB
Accountants Sole Associates SVR Limited
3 Park Court
Pyford Road
Woking
Surrey
KT14 6SD
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2022
Directors
The directors who served the company throughout the year were as follows:
A M Bonsall
C P Houghton
A Carr
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Change of name
The company name was changed  on 16th July 2020 from Wyndymilla Ltd to
The Spoon Group Ltd. 

This report was approved by the board and signed on its behalf by:


----------------------------------
A M Bonsall
Director

Date approved: 27 November 2023
2
Report to the directors on the preparation of the unaudited statutory accounts of Spoon Group Ltd for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Spoon Group Ltd for the year ended 31 December 2022 which comprise of the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at : http://rulebook.accaglobal.com.


This report is made solely to the Board of Directors of Spoon Group Ltd , as a body, in accordance with the terms of our engagement letter dated 27 November 2023 Our work has been undertaken solely to prepare for your approval the accounts of Spoon Group Ltd and state those matters that we have agreed to state to the Board of Directors of Spoon Group Ltd , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spoon Group Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Spoon Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Spoon Group Ltd . You consider that Spoon Group Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Spoon Group Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 December 2022.     



....................................................
Sole Associates SVR Limited
3 Park Court
Pyford Road
Woking
Surrey
KT14 6SD
27 November 2023
3
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Intangible fixed assets 3 7,240    1,165 
Tangible fixed assets 4 29,142    22,404 
36,382    23,569 
Current assets      
Stocks 5 229,215    165,802 
Debtors: amounts falling due within one year 6 94,398    105,629 
Cash at bank and in hand 129,529   
453,142    271,431 
Creditors: amount falling due within one year 7 (203,638)   (442,914)
Net current assets 249,504    (171,483)
 
Total assets less current liabilities 285,886    (147,914)
Creditors: amount falling due after more than one year 8   (10,002)
Net assets 285,886    (157,916)
 

Capital and reserves
     
Called up share capital 1,041    904 
Share premium account 9 2,460,706    1,707,147 
Profit and loss account (2,175,861)   (1,865,967)
Shareholder's funds 285,886    (157,916)
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 November 2023 and were signed on its behalf by:


-------------------------------
A M Bonsall
Director
4
General Information
Spoon Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 07100111, registration address Unit 2, Lascombe Estate Highfield Lane , Puttenham, Surrey, GU3 1BB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
In the light of recent trading activities and with new investment in 2022, the Directors have considered that the going concern basis is appropriate in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Website development costs are capitalised once a detailed program design has been established and are amortised on a reducing balance basis over three years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33.33% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 4 (2021 : 4).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 January 2022 6,850    6,850 
Additions 7,756    7,756 
Disposals  
At 31 December 2022 14,606    14,606 
Amortisation
At 01 January 2022 5,685    5,685 
Charge for year 1,681    1,681 
On disposals  
At 31 December 2022 7,366    7,366 
Net book values
At 31 December 2022 7,240    7,240 
At 31 December 2021 1,165    1,165 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 January 2022 18,274    35,853    5,626    59,753 
Additions 6,665    4,616    3,546    14,827 
Disposals      
At 31 December 2022 24,939    40,469    9,172    74,580 
Depreciation
At 01 January 2022 12,019    21,228    4,102    37,349 
Charge for year 2,713    4,578    798    8,089 
On disposals      
At 31 December 2022 14,732    25,806    4,900    45,438 
Net book values
Closing balance as at 31 December 2022 10,207    14,663    4,272    29,142 
Opening balance as at 01 January 2022 6,255    14,625    1,524    22,404 


5.

Stocks

2022
£
  2021
£
Stocks 229,215    165,802 
229,215    165,802 

6.

Debtors: amounts falling due within one year

2022
£
  2021
£
Trade Debtors 76,345    92,052 
Other Debtors 18,053    13,577 
94,398    105,629 

7.

Creditors: amount falling due within one year

2022
£
  2021
£
Trade Creditors 8,670    29,097 
Bank Loans & Overdrafts   10,463 
Other loans 13,335    40,000 
PAYE & Social Security 3,962    8,679 
Accrued Expenses 300    17,001 
Other Creditors 177,371    337,674 
Wages & Salaries Control Account  
203,638    442,914 

8.

Creditors: amount falling due after more than one year

2022
£
  2021
£
Other loans   10,002 
  10,002 

9.

Share premium account

2022
£
  2021
£
Equity Share Premium b/fwd 2,460,616    1,707,147 
Preference Share Premium - New Issue 90   
2,460,706    1,707,147 

5