Company Registration No. 02119893 (England and Wales)
Runspiral Limited
Unaudited accounts
for the year ended 31 March 2024
Runspiral Limited
Unaudited accounts
Contents
Runspiral Limited
Company Information
for the year ended 31 March 2024
Directors
Mr Andrew Nesbitt
Mrs Sarah Nesbitt
Secretary
Mrs Sarah Nesbitt
Company Number
02119893 (England and Wales)
Registered Office
1 The Park
Newark
Nottinghamshire
NG24 1SD
Accountants
Grace Heathfield + Co Ltd
13 Forest Close
Cotgrave
Nottinghamshire
NG12 3JN
Runspiral Limited
Statement of financial position
as at 31 March 2024
Tangible assets
5,793
5,020
Investment property
795,000
795,000
Cash at bank and in hand
62
36
Creditors: amounts falling due within one year
(65,836)
(39,528)
Net current liabilities
(65,774)
(22,608)
Total assets less current liabilities
735,019
777,412
Creditors: amounts falling due after more than one year
(4,881)
(50,258)
Provisions for liabilities
Deferred tax
(53,853)
(53,706)
Net assets
676,285
673,448
Called up share capital
1,000
1,000
Fair value reserve
277,644
277,644
Profit and loss account
397,641
394,804
Shareholders' funds
676,285
673,448
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by
Mrs Sarah Nesbitt
Director
Company Registration No. 02119893
Runspiral Limited
Notes to the Accounts
for the year ended 31 March 2024
Runspiral Limited is a private company, limited by shares, registered in England and Wales, registration number 02119893. The registered office is 1 The Park, Newark, Nottinghamshire, NG24 1SD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Fixtures & fittings
15% Straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
3,665
44,345
48,010
At 31 March 2024
6,065
44,345
50,410
At 1 April 2023
2,765
40,225
42,990
Charge for the year
745
882
1,627
At 31 March 2024
3,510
41,107
44,617
At 31 March 2024
2,555
3,238
5,793
At 31 March 2023
900
4,120
5,020
Fair value at 1 April 2023
795,000
Runspiral Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
23,073
27,074
Taxes and social security
1,208
3,144
Other creditors
5,684
8,860
Loans from directors
35,301
-
8
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Credit facility - no terms or interest rates stipulated
8,442
1,084
9,526
-
Credit facility - no terms or interest rates stipulated
8,442
1,550
9,992
-
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).