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
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
Spirit N Soul Limited
Statement of financial position
as at 30 September 2024
Tangible assets
5,600
7,365
Cash at bank and in hand
7,400
5,666
Creditors: amounts falling due within one year
(12,299)
(12,769)
Net current liabilities
(4,899)
(5,750)
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
Spirit N Soul Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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% COST
Fixtures & fittings
25% WDV
Computer equipment
33% COST
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 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 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.
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
At 30 September 2024
580
8,730
499
659
10,468
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
At 30 September 2024
512
4,599
264
225
5,600
At 30 September 2023
-
6,548
375
442
7,365
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
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).