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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
Page
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Spy Prints Ltd Company Information for the year ended 31 May 2024
Director
Joanna Bowden
Company Number
11988359 (England and Wales)
Registered Office
17 Ward Avenue Cowes PO31 8AY
Accountants
Warwick McArdle 55 Ellerton Road London SW18 3NQ
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Spy Prints Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
100 
Tangible assets
- 
900 
- 
1,000 
Current assets
Debtors
8,855 
25,438 
Cash at bank and in hand
13,451 
22,086 
22,306 
47,524 
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
Deferred tax
- 
(180)
Net assets
3,148 
12,724 
Capital and reserves
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
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Spy Prints Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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:
Plant & machinery
5 years straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Government grants
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.
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Spy Prints Ltd Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
500 
At 31 May 2024
500 
Amortisation
At 1 June 2023
400 
Charge for the year
100 
At 31 May 2024
500 
Net book value
At 31 May 2024
- 
At 31 May 2023
100 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
4,500 
At 31 May 2024
4,500 
Depreciation
At 1 June 2023
3,600 
Charge for the year
900 
At 31 May 2024
4,500 
Net book value
At 31 May 2024
- 
At 31 May 2023
900 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,855 
25,438 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
503 
3,574 
Trade creditors
(1)
45 
Taxes and social security
1,298 
4,314 
Other creditors
(2,095)
2,098 
Loans from directors
19,453 
25,589 
19,158 
35,620 
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Spy Prints Ltd Notes to the Accounts for the year ended 31 May 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
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).
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