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REGISTERED NUMBER: 01957121 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

SPOOLFINDER LIMITED

SPOOLFINDER LIMITED (REGISTERED NUMBER: 01957121)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPOOLFINDER LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P F Lewis
D J Phillips





SECRETARY: P F Lewis





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 01957121 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

SPOOLFINDER LIMITED (REGISTERED NUMBER: 01957121)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,050 1,400

CURRENT ASSETS
Stocks 5 633,609 633,609
Debtors 6 165,847 164,906
Cash at bank 83,540 113,107
882,996 911,622
CREDITORS
Amounts falling due within one year 7 26,781 23,503
NET CURRENT ASSETS 856,215 888,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

857,265

889,519

PROVISIONS FOR LIABILITIES 8 200 266
NET ASSETS 857,065 889,253

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 856,965 889,153
SHAREHOLDERS' FUNDS 857,065 889,253

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SPOOLFINDER LIMITED (REGISTERED NUMBER: 01957121)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:




P F Lewis - Director



D J Phillips - Director


SPOOLFINDER LIMITED (REGISTERED NUMBER: 01957121)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Spoolfinder 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 NIL (2022 - NIL).

SPOOLFINDER LIMITED (REGISTERED NUMBER: 01957121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 3,404
DEPRECIATION
At 1 January 2023 2,004
Charge for year 350
At 31 December 2023 2,354
NET BOOK VALUE
At 31 December 2023 1,050
At 31 December 2022 1,400

5. STOCKS
2023 2022
£    £   
Property work in progress 447,891 447,891
Development work in progress 185,718 185,718
633,609 633,609

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 439 1,520
Olivia Trading Limited 157,430 157,430
Prepayments 7,978 5,956
165,847 164,906

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 499 495
Corporation tax 16,153 15,446
Company credit card 217 226
Directors' loan accounts 1,999 3,341
Deferred income 6,198 1,457
Accrued expenses 1,715 2,538
26,781 23,503

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 200 266

SPOOLFINDER LIMITED (REGISTERED NUMBER: 01957121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 266
Accelerated capital allowances (66 )
Balance at 31 December 2023 200

9. RELATED PARTY DISCLOSURES

The directors of Spoolfinder Limited control Olivia Trading Limited.

Included in debtors due within one year is £157,430 (2022 : £157,430) representing amounts due from The Olivia Trading Limited at 31 December 2023.

The companies traded on normal commercial terms, however interest was not charged on the above balances.

10. CONTROLLING PARTY

The company's two directors each own 50% of the company's share capital, therefore it is not under the control of any one individual.