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REGISTERED NUMBER: 10635963 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2024

FOR

THE GROOMERS SPOTLIGHT LIMITED

THE GROOMERS SPOTLIGHT LIMITED (REGISTERED NUMBER: 10635963)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 27 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE GROOMERS SPOTLIGHT LIMITED

COMPANY INFORMATION
for the year ended 27 February 2024







DIRECTORS: Mr S D Simons
Mrs J J Harris





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 10635963 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

THE GROOMERS SPOTLIGHT LIMITED (REGISTERED NUMBER: 10635963)

BALANCE SHEET
27 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 243 324

CURRENT ASSETS
Debtors 5 3,723 8,877
Cash at bank and in hand 2,863 1,851
6,586 10,728
CREDITORS
Amounts falling due within one year 6 5,259 5,827
NET CURRENT ASSETS 1,327 4,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,570

5,225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,470 5,125
1,570 5,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2024 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.

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 18 January 2025 and were signed on its behalf by:





Mr S D Simons - Director


THE GROOMERS SPOTLIGHT LIMITED (REGISTERED NUMBER: 10635963)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 27 February 2024

1. STATUTORY INFORMATION

The Groomers Spotlight 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

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.
Computer equipment - 25% on reducing balance

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

THE GROOMERS SPOTLIGHT LIMITED (REGISTERED NUMBER: 10635963)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 27 February 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 28 February 2023
and 27 February 2024 1,460
DEPRECIATION
At 28 February 2023 1,136
Charge for year 81
At 27 February 2024 1,217
NET BOOK VALUE
At 27 February 2024 243
At 27 February 2023 324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,723 8,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,077 3,366
Other creditors 3,182 2,461
5,259 5,827

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 27 February 2024 and 27 February 2023:

2024 2023
£    £   
Mr S D Simons
Balance outstanding at start of year 3,148 -
Amounts advanced - 3,148
Amounts repaid (4,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (852 ) 3,148

Mrs J J Harris
Balance outstanding at start of year 3,950 -
Amounts advanced - 3,950
Amounts repaid (4,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (50 ) 3,950

THE GROOMERS SPOTLIGHT LIMITED (REGISTERED NUMBER: 10635963)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 27 February 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £902 (2023 : £7,098 from) to the directors.