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Company Registration No. 14385568 (England and Wales)
Spirit N Soul Limited Unaudited accounts for the year ended 30 September 2024
Spirit N Soul Limited Unaudited accounts Contents
Page
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Spirit N Soul Limited Company Information for the year ended 30 September 2024
Directors
Mr D Hadley Miss L Sarel
Company Number
14385568 (England and Wales)
Registered Office
23 Tollymore Park Kingswood Hull East Yorkshire HU7 3HY England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Spirit N Soul Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,600 
7,365 
Current assets
Debtors
- 
1,353 
Cash at bank and in hand
7,400 
5,666 
7,400 
7,019 
Creditors: amounts falling due within one year
(12,299)
(12,769)
Net current liabilities
(4,899)
(5,750)
Net assets
701 
1,615 
Capital and reserves
Called up share capital
10 
20 
Profit and loss account
691 
1,595 
Shareholders' funds
701 
1,615 
For the year ending 30 September 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 6 November 2024 and were signed on its behalf by
Miss L Sarel Director Company Registration No. 14385568
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Spirit N Soul Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Spirit N Soul Limited is a private company, limited by shares, registered in England and Wales, registration number 14385568. The registered office is 23 Tollymore Park Kingswood, Hull, East Yorkshire, HU7 3HY, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
0% COST
Plant & machinery
20% COST
Motor vehicles
25% WDV
Fixtures & fittings
25% WDV
Computer equipment
33% COST
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Spirit N Soul Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
- 
8,730 
499 
659 
9,888 
Additions
580 
- 
- 
- 
580 
At 30 September 2024
580 
8,730 
499 
659 
10,468 
Depreciation
At 1 October 2023
- 
2,182 
124 
217 
2,523 
Charge for the year
68 
1,949 
111 
217 
2,345 
At 30 September 2024
68 
4,131 
235 
434 
4,868 
Net book value
At 30 September 2024
512 
4,599 
264 
225 
5,600 
At 30 September 2023
- 
6,548 
375 
442 
7,365 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
1,353 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
12,011 
12,489 
Accruals
288 
280 
12,299 
12,769 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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