SPELLBINDING TOYS AND GAMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
Company registration number 13523918 (England and Wales)
PAGES FOR FILING WITH REGISTRAR
SPELLBINDING TOYS AND GAMES LIMITED
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
42,699
46,976
Current assets
38,672
34,056
Prepayments and accrued income
2,426
693
Creditors: amounts falling due within one year
(134,120)
(106,619)
Net current liabilities
(93,022)
(71,870)
Total assets less current liabilities
(50,323)
(24,894)
Net liabilities
(50,323)
(24,894)
Capital and reserves
(50,323)
(24,894)
Notes to the financial statements
1
Financial commitments, guarantees and contingencies
At the balance sheet date, the company had outstanding payments due under non-cancellable operating leases of £113,438 with £21,563 falling due within the next year.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
16
3
3
Related parties
A balance of £112,780 (2023: £101,049) is included within 'Creditors: amounts falling due within one year' as amounts due to the company directors. These loans bear no interest and are repayable on demand.
4
Going concern
The company had net liabilities of £50,323 (2023: £24,894) at the balance sheet date.
The directors have indicated their willingness to continue their financial support of the company, and for this reason, the going concern basis is considered appropriate for the preparation of the financial statements.
Spellbinding Toys and Games Limited is a private company limited by shares incorporated in England and Wales. The registered office is 25 Acacia Avenue, Shepperton, TW17 0AZ.
For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
SPELLBINDING TOYS AND GAMES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024
31 July 2024
- 2 -
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 22 April 2025 and are signed on its behalf by:
Mr Kevin Mitchell
Director
Company registration number 13523918 (England and Wales)