Registered number
14325847
Spinners Solihull Limited
Unaudited Filleted Accounts
31 July 2024
Spinners Solihull Limited
Registered number: 14325847
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 237,904 -
Current assets
Debtors 4 88,442 -
Cash at bank and in hand 22,334 7,800
110,776 7,800
Creditors: amounts falling due within one year 5 (335,840) (15,208)
Net current liabilities (225,064) (7,408)
Total assets less current liabilities 12,840 (7,408)
Creditors: amounts falling due after more than one year 6 (220,000) -
Net liabilities (207,160) (7,408)
Capital and reserves
Called up share capital 2 2
Profit and loss account (207,162) (7,410)
Shareholder's funds (207,160) (7,408)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Bylett
Director
Approved by the board on 21 February 2025
Spinners Solihull Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Going concern
These financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the director
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 263,437
At 31 July 2024 263,437
Depreciation
Charge for the year 25,533
At 31 July 2024 25,533
Net book value
At 31 July 2024 237,904
4 Debtors 2024 2023
£ £
Trade debtors 224 -
Other debtors 88,218 -
88,442 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 60,000 -
Trade creditors 19,233 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 219,581 14,998
Other creditors 37,026 210
335,840 15,208
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 220,000 -
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 280,000 -
The bank loan is secured by a fixed and floating charge over the assets of the company
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 974,798 -
9 Controlling party
Spinners Solihull Limited is controlled by:

Spinners Group Limited
27 Old Gloucester Street
London
WC1N 3AX
10 Other information
Spinners Solihull Limited is a private company limited by shares and incorporated in England. Its registered office is:
19a Station Road
Ascot
Berkshire
SL5 0QL
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