Spirafix Holdings Limited 15305302 false 2023-11-23 2024-06-30 2024-06-30 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false false 15305302 2023-11-23 2024-06-30 15305302 2024-06-30 15305302 bus:OrdinaryShareClass1 2024-06-30 15305302 core:CurrentFinancialInstruments 2024-06-30 15305302 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 15305302 core:Non-currentFinancialInstruments 2024-06-30 15305302 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 15305302 bus:SmallEntities 2023-11-23 2024-06-30 15305302 bus:AuditExemptWithAccountantsReport 2023-11-23 2024-06-30 15305302 bus:FilletedAccounts 2023-11-23 2024-06-30 15305302 bus:SmallCompaniesRegimeForAccounts 2023-11-23 2024-06-30 15305302 bus:RegisteredOffice 2023-11-23 2024-06-30 15305302 bus:Director1 2023-11-23 2024-06-30 15305302 bus:Director2 2023-11-23 2024-06-30 15305302 bus:Director3 2023-11-23 2024-06-30 15305302 bus:Director4 2023-11-23 2024-06-30 15305302 bus:Director5 2023-11-23 2024-06-30 15305302 bus:OrdinaryShareClass1 2023-11-23 2024-06-30 15305302 bus:PrivateLimitedCompanyLtd 2023-11-23 2024-06-30 15305302 core:KeyManagementPersonnel 2023-11-23 2024-06-30 15305302 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-11-23 2024-06-30 15305302 core:Subsidiary1 2023-11-23 2024-06-30 15305302 core:Subsidiary1 1 2023-11-23 2024-06-30 15305302 core:Subsidiary1 countries:AllCountries 2023-11-23 2024-06-30 15305302 countries:AllCountries 2023-11-23 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15305302

Spirafix Holdings Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Period from 23 November 2023 to 30 June 2024

 

Spirafix Holdings Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Spirafix Holdings Limited

Company Information

Directors

Mr Anthony Wade Mears

Mr Jacob Morgan Laddychuk

Ms Liesa Laddychuk

Ms Lynne Mears

Mr Simon Laddychuk

Registered office

Building D
Unit D2 Chapel Farm Industrial Estate
Cwmcarn
Newport
NP11 7BH

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Spirafix Holdings Limited

(Registration number: 15305302)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Investments

4

1,617,612

Current assets

 

Debtors

99

Cash at bank and in hand

 

39,919

 

40,018

Creditors: Amounts falling due within one year

(1,617,613)

Net current liabilities

 

(1,577,595)

Total assets less current liabilities

 

40,017

Accruals and deferred income

 

(1,020)

Net assets

 

38,997

Capital and reserves

 

Called up share capital

5

100

Retained earnings

38,897

Shareholders' funds

 

38,997

 

Spirafix Holdings Limited

(Registration number: 15305302)
Abridged Balance Sheet as at 30 June 2024

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 February 2025 and signed on its behalf by:
 

.........................................

Mr Anthony Wade Mears
Director

.........................................

Mr Simon Laddychuk
Director

 

Spirafix Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 23 November 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Building D
Unit D2 Chapel Farm Industrial Estate
Cwmcarn
Newport
NP11 7BH
Wales

These financial statements were authorised for issue by the Board on 13 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and
provision of services in the ordinary course of the company’s activities. Turnover is shown net of value
added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Spirafix Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 23 November 2023 to 30 June 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Spirafix Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 23 November 2023 to 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5.

4

Investments

Total
£

Cost or valuation

Additions

1,617,612

Provision

Carrying amount

At 30 June 2024

1,617,612

 

Spirafix Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 23 November 2023 to 30 June 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Spirafix Limited

Building D Unit D2 Chapel Farm Industrial Estate
Cwmcarn
Newport
United Kingdom
NP11 7BH

England & Wales

Ordinary shares

100%

Subsidiary undertakings

Spirafix Limited

The principal activity of Spirafix Limited is that of metal manufacturing.

5

Share capital

New shares allotted

Allotted, called up and not fully paid shares

2024

No.

£

Ordinary shares of £0.01 each

10,000

100.00

   

During the period 10,000 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

 

Spirafix Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 23 November 2023 to 30 June 2024

6

Related party transactions

Key management personnel

Relationship : Director

Summary of transactions with key management

During the period the directors made unsecured, interest free, repayable on demand loans to the company. At the balance sheet date amount owed to the directors was £1,128,597.