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REGISTERED NUMBER: 05506426 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30th April 2024

for

Spiral Hardware Limited

Spiral Hardware Limited (Registered number: 05506426)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spiral Hardware Limited

Company Information
for the year ended 30th April 2024







DIRECTORS: Mrs S L Newman
Mrs M J Newman
Mr M J Newman





REGISTERED OFFICE: 9 Wimbledon Avenue
Brandon
Suffolk
IP27 0NZ





REGISTERED NUMBER: 05506426 (England and Wales)





ACCOUNTANTS: TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU

Spiral Hardware Limited (Registered number: 05506426)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 367,440 202,510

CURRENT ASSETS
Stocks 415,643 426,075
Debtors 5 92,301 92,930
Cash at bank 39,276 157,925
547,220 676,930
CREDITORS
Amounts falling due within one year 6 71,358 70,720
NET CURRENT ASSETS 475,862 606,210
TOTAL ASSETS LESS CURRENT LIABILITIES 843,302 808,720

PROVISIONS FOR LIABILITIES 10,503 10,111
NET ASSETS 832,799 798,609

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7 831,799 797,609
832,799 798,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Spiral Hardware Limited (Registered number: 05506426)

Balance Sheet - continued
30th April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st August 2024 and were signed on its behalf by:





Mr M J Newman - Director


Spiral Hardware Limited (Registered number: 05506426)

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

Spiral Hardware Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Spiral Hardware Limited (Registered number: 05506426)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st May 2023 149,292 79,439 8,962
Additions 162,868 16,286 -
At 30th April 2024 312,160 95,725 8,962
DEPRECIATION
At 1st May 2023 - 42,149 7,599
Charge for year - 10,715 416
At 30th April 2024 - 52,864 8,015
NET BOOK VALUE
At 30th April 2024 312,160 42,861 947
At 30th April 2023 149,292 37,290 1,363

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st May 2023 25,995 3,070 266,758
Additions - 224 179,378
At 30th April 2024 25,995 3,294 446,136
DEPRECIATION
At 1st May 2023 12,686 1,814 64,248
Charge for year 2,662 655 14,448
At 30th April 2024 15,348 2,469 78,696
NET BOOK VALUE
At 30th April 2024 10,647 825 367,440
At 30th April 2023 13,309 1,256 202,510

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,920 84,145
Other debtors - 709
VAT 12,557 7,507
Prepayments 22,824 569
92,301 92,930

Spiral Hardware Limited (Registered number: 05506426)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,832 4,577
Tax 10,251 12,076
Other creditors 1,042 -
Directors' loan accounts 53,318 52,281
Accrued expenses 915 1,786
71,358 70,720

7. RESERVES
Retained
earnings
£   

At 1st May 2023 797,609
Profit for the year 44,190
Dividends (10,000 )
At 30th April 2024 831,799

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Newman.