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REGISTERED NUMBER: 02309590 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

SPINDLEMEDIA (UK) LIMITED

SPINDLEMEDIA (UK) LIMITED (REGISTERED NUMBER: 02309590)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPINDLEMEDIA (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTOR: Mr P L Burkes





REGISTERED OFFICE: KJG
100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 02309590 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

SPINDLEMEDIA (UK) LIMITED (REGISTERED NUMBER: 02309590)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 249 593

CURRENT ASSETS
Debtors 5 1,029 1,451
Cash at bank 1,394 5,616
2,423 7,067
CREDITORS
Amounts falling due within one year 6 (8,144 ) (2,162 )
NET CURRENT (LIABILITIES)/ASSETS (5,721 ) 4,905
TOTAL ASSETS LESS CURRENT LIABILITIES (5,472 ) 5,498

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings (6,472 ) 4,498
SHAREHOLDERS' FUNDS (5,472 ) 5,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

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

SPINDLEMEDIA (UK) LIMITED (REGISTERED NUMBER: 02309590)

BALANCE SHEET - continued
31st March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th March 2024 and were signed by:





Mr P L Burkes - Director


SPINDLEMEDIA (UK) LIMITED (REGISTERED NUMBER: 02309590)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Spindlemedia (UK) Limited is a private company limited by share capital, incorporated in England and Wales, registration number 02309590. The address of the registered office is KJG, 100 Barbirolli Square, Manchester, M2 3BD and principal place of business is Office 2, Acorn Business Centre, Acorn Court, Butts Street, Leigh, WN7 3DD.

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 represents amounts recognised by the company in respect of services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of web design services which are recognised at the point the service is provided.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Computer equipment20% straight line

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


SPINDLEMEDIA (UK) LIMITED (REGISTERED NUMBER: 02309590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued
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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2022
and 31st March 2023 3,728
DEPRECIATION
At 1st April 2022 3,135
Charge for year 344
At 31st March 2023 3,479
NET BOOK VALUE
At 31st March 2023 249
At 31st March 2022 593

SPINDLEMEDIA (UK) LIMITED (REGISTERED NUMBER: 02309590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,029 1,451

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 148 1,323
Other creditors 7,996 839
8,144 2,162

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
250 Ordinary A £1.00 250 250
250 Ordinary B £1.00 250 250
250 Ordinary C £1.00 250 250
250 Ordinary D £1.00 250 250
1,000 1,000