Company Registration No. 11988359 (England and Wales)
Spy Prints Ltd
Unaudited accounts
for the year ended 31 May 2024
Spy Prints Ltd
Unaudited accounts
Contents
Spy Prints Ltd
Company Information
for the year ended 31 May 2024
Company Number
11988359 (England and Wales)
Registered Office
17 Ward Avenue
Cowes
PO31 8AY
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
Spy Prints Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
13,451
22,086
Creditors: amounts falling due within one year
(19,158)
(35,620)
Net current assets
3,148
11,904
Total assets less current liabilities
3,148
12,904
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
3,147
12,723
Shareholders' funds
3,148
12,724
For the year ending 31 May 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 director acknowledges her 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 and authorised for issue on 20 February 2025 and were signed on its behalf by
Joanna Bowden
Director
Company Registration No. 11988359
Spy Prints Ltd
Notes to the Accounts
for the year ended 31 May 2024
Spy Prints Ltd is a private company, limited by shares, registered in England and Wales, registration number 11988359. The registered office is 17 Ward Avenue, Cowes, PO31 8AY.
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
5 years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Spy Prints Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
8,855
25,438
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,298
4,314
Other creditors
(2,095)
2,098
Loans from directors
19,453
25,589
Spy Prints Ltd
Notes to the Accounts
for the year ended 31 May 2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
At the balance sheet date the company owed £19,453 (2023: £25,589) to the director.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).