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Company Registration No. 10013007 (England and Wales)
Spin Brands Limited Unaudited accounts for the year ended 28 February 2023
Spin Brands Limited Unaudited accounts Contents
Page
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Spin Brands Limited Company Information for the year ended 28 February 2023
Directors
Max Alexander Whicher Alex Bodini
Company Number
10013007 (England and Wales)
Registered Office
Mercury House 117 Waterloo Road Waterloo London SE18UL
Accountants
Enso Accountants Ltd
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Spin Brands Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
76,382 
76,382 
Tangible assets
15,420 
17,410 
Investments
104,800 
82,800 
196,602 
176,592 
Current assets
Debtors
840,068 
609,853 
Cash at bank and in hand
151,652 
127,768 
991,720 
737,621 
Creditors: amounts falling due within one year
(383,660)
(330,295)
Net current assets
608,060 
407,326 
Total assets less current liabilities
804,662 
583,918 
Creditors: amounts falling due after more than one year
(28,843)
(40,696)
Net assets
775,819 
543,222 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
775,799 
543,202 
Shareholders' funds
775,819 
543,222 
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 1 October 2023 and were signed on its behalf by
Alex Bodini Director Company Registration No. 10013007
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Spin Brands Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Spin Brands Limited is a private company, limited by shares, registered in England and Wales, registration number 10013007. The registered office is Mercury House, 117 Waterloo Road, Waterloo, London, SE18UL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Fixtures & fittings
5 Year Straight Line
Computer equipment
3 Year Straight Line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2022
76,382 
At 28 February 2023
76,382 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
76,382 
At 28 February 2022
76,382 
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Spin Brands Limited Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
7,276 
33,261 
40,537 
Additions
- 
10,048 
10,048 
Disposals
- 
(1,532)
(1,532)
At 28 February 2023
7,276 
41,777 
49,053 
Depreciation
At 1 March 2022
3,760 
19,367 
23,127 
Charge for the year
952 
9,872 
10,824 
On disposals
- 
(318)
(318)
At 28 February 2023
4,712 
28,921 
33,633 
Net book value
At 28 February 2023
2,564 
12,856 
15,420 
At 28 February 2022
3,516 
13,894 
17,410 
6
Investments
Other investments 
£ 
Valuation at 1 March 2022
82,800 
Additions
22,000 
Valuation at 28 February 2023
104,800 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
429,632 
306,644 
Accrued income and prepayments
- 
112,513 
Other debtors
137,445 
7,840 
567,077 
426,997 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
272,991 
182,856 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
31,049 
95,549 
Trade creditors
140,233 
48,659 
Taxes and social security
187,617 
142,252 
Other creditors
21,835 
936 
Loans from directors
899 
899 
Accruals
2,027 
42,000 
383,660 
330,295 
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Spin Brands Limited Notes to the Accounts for the year ended 28 February 2023
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,843 
40,696 
10
Average number of employees
During the year the average number of employees was 44 (2022: 25).
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