Company registration number 11158204 (England and Wales)
SPODDEN MILL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
SPODDEN MILL LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SPODDEN MILL LTD
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
427,970
435,220
Cash at bank and in hand
1,043
2,341
429,013
437,561
Creditors: amounts falling due within one year
5
(115,981)
(113,384)
Net current assets
313,032
324,177
Creditors: amounts falling due after more than one year
6
(29,444)
(35,051)
Net assets
283,588
289,126
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
283,586
289,124
Total equity
283,588
289,126

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 5 April 2024
Ms. S Cordwell
Director
Company Registration No. 11158204
SPODDEN MILL LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
31 January 2024
- 2 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Spodden Mill Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Silvester House, Roeacre Tannery, Bradshaw Street, Heywood, Lancashire, United Kingdom, OL10 1PN.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

2.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
427,970
435,220
SPODDEN MILL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,607
5,607
Trade creditors
-
0
442
Corporation tax
75,075
72,036
Other creditors
35,299
35,299
115,981
113,384
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
29,444
35,051
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