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REGISTERED NUMBER: 10831533 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Spyl Uk Limited

Spyl Uk Limited (Registered number: 10831533)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spyl Uk Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P Sun





REGISTERED OFFICE: Flat 90 Fermont House
15 Beaufort Square
London
NW9 4FG





REGISTERED NUMBER: 10831533 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
30 Charing Cross Road
London
London
WC2H 0DE

Spyl Uk Limited (Registered number: 10831533)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,493 2,522

CURRENT ASSETS
Stocks 5 14,798 -
Debtors 6 33,145 46,150
Cash at bank and in hand 275 3,706
48,218 49,856
CREDITORS
Amounts falling due within one year 7 43,590 47,232
NET CURRENT ASSETS 4,628 2,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,121

5,146

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 6,120 5,145
SHAREHOLDERS' FUNDS 6,121 5,146

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

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

The director acknowledges his 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.

Spyl Uk Limited (Registered number: 10831533)

Balance Sheet - continued
30 June 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 director and authorised for issue on 26 November 2024 and were signed by:





P Sun - Director


Spyl Uk Limited (Registered number: 10831533)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Spyl Uk 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Spyl Uk Limited (Registered number: 10831533)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 50 4,812 4,862
DEPRECIATION
At 1 July 2023 32 2,308 2,340
Charge for year 4 1,025 1,029
At 30 June 2024 36 3,333 3,369
NET BOOK VALUE
At 30 June 2024 14 1,479 1,493
At 30 June 2023 18 2,504 2,522

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 14,798 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 7,586 22,741
Other debtors 890 -
VAT 24,669 23,409
33,145 46,150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 470 244
Social security and other taxes 455 237
American express-Harrods - 17,516
American express-Platinum 12,410 8,630
Directors' current accounts 890 -
Accrued expenses 29,365 20,605
43,590 47,232

Spyl Uk Limited (Registered number: 10831533)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 July 2023 5,145
Profit for the year 975
At 30 June 2024 6,120