6 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 6,930 6,929 1 1 125,361 125,361 125,361 xbrli:pure xbrli:shares iso4217:GBP 01394389 2022-04-01 2023-03-31 01394389 2023-03-31 01394389 2022-03-31 01394389 2021-04-01 2022-03-31 01394389 2022-03-31 01394389 2021-03-31 01394389 bus:Director7 2022-04-01 2023-03-31 01394389 core:WithinOneYear 2023-03-31 01394389 core:WithinOneYear 2022-03-31 01394389 core:ShareCapital 2023-03-31 01394389 core:ShareCapital 2022-03-31 01394389 core:CapitalRedemptionReserve 2023-03-31 01394389 core:CapitalRedemptionReserve 2022-03-31 01394389 core:RetainedEarningsAccumulatedLosses 2023-03-31 01394389 core:RetainedEarningsAccumulatedLosses 2022-03-31 01394389 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 01394389 core:Non-currentFinancialInstruments 2023-03-31 01394389 core:Non-currentFinancialInstruments 2022-03-31 01394389 bus:SmallEntities 2022-04-01 2023-03-31 01394389 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01394389 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01394389 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01394389 bus:FullAccounts 2022-04-01 2023-03-31 01394389 core:FurnitureFittingsToolsEquipment 2023-03-31 01394389 core:FurnitureFittingsToolsEquipment 2022-03-31
COMPANY REGISTRATION NUMBER: 01394389
Spiraline Limited
Filleted Unaudited Financial Statements
31 March 2023
Spiraline Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
1
1
Investments
6
125,361
125,361
---------
---------
125,362
125,362
Current assets
Debtors
7
111,244
119,687
Cash at bank and in hand
270,012
270,012
---------
---------
381,256
389,699
Creditors: amounts falling due within one year
8
40,832
96,934
---------
---------
Net current assets
340,424
292,765
---------
---------
Total assets less current liabilities
465,786
418,127
---------
---------
Net assets
465,786
418,127
---------
---------
Capital and reserves
Called up share capital
38
38
Capital redemption reserve
48,947
48,947
Profit and loss account
416,801
369,142
---------
---------
Shareholders funds
465,786
418,127
---------
---------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Spiraline Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 13 December 2023 , and are signed on behalf of the board by:
Mr A. C. Jarvis
Director
Company registration number: 01394389
Spiraline Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34-35 Eastcastle, London, W1W 8DW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 5 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2022 and 31 March 2023
6,930
6,930
-------
-------
Depreciation
At 1 April 2022 and 31 March 2023
6,929
6,929
-------
-------
Carrying amount
At 31 March 2023
1
1
-------
-------
At 31 March 2022
1
1
-------
-------
6. Investments
Other investments other than loans
£
Cost
At 1 April 2022 and 31 March 2023
125,361
---------
Impairment
At 1 April 2022 and 31 March 2023
---------
Carrying amount
At 31 March 2023
125,361
---------
At 31 March 2022
125,361
---------
7. Debtors
2023
2022
£
£
Trade debtors
109,881
117,578
Other debtors
1,363
2,109
---------
---------
111,244
119,687
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
40,832
96,934
--------
--------
Other creditors includes a loan from the West Hill Court Service Charge Account 31 March 2021 : £100,464, 31 March 2020 : £20,000.
9. Related party transactions
In the opinion of the directors the company does not have an ultimate controlling party. No transactions with related parties were undertaken such as are required to be disclosed.