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REGISTERED NUMBER: 05892623 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 August 2024

for

Spellcrest Limited

Spellcrest Limited (Registered number: 05892623)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spellcrest Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr J Joshi
Mrs C Joshi





SECRETARY: Mrs C Joshi





REGISTERED OFFICE: 4 Lodge Close
Watford
Hertfordshire
WD25 9BD





REGISTERED NUMBER: 05892623 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Spellcrest Limited (Registered number: 05892623)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,000 37,334

CURRENT ASSETS
Debtors 5 118 29
Cash at bank 47,229 58,723
47,347 58,752
CREDITORS
Amounts falling due within one year 6 9,882 9,488
NET CURRENT ASSETS 37,465 49,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,465

86,598

CREDITORS
Amounts falling due after more than one
year

7

(15,556

)

(23,818

)

PROVISIONS FOR LIABILITIES (5,320 ) (7,093 )
NET ASSETS 44,589 55,687

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,489 55,587
SHAREHOLDERS' FUNDS 44,589 55,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Spellcrest Limited (Registered number: 05892623)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





Mr J Joshi - Director


Spellcrest Limited (Registered number: 05892623)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Spellcrest Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

Spellcrest Limited (Registered number: 05892623)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 1,875 10,018 58,190 70,083
DEPRECIATION
At 1 September 2023 1,084 6,206 25,459 32,749
Charge for year 198 953 8,183 9,334
At 31 August 2024 1,282 7,159 33,642 42,083
NET BOOK VALUE
At 31 August 2024 593 2,859 24,548 28,000
At 31 August 2023 791 3,812 32,731 37,334

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 118 29

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 7,467 7,725
Trade creditors 659 18
Other creditors 1,756 1,745
9,882 9,488

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 15,556 23,818

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £0 (2023 : £10,000) were paid to the directors.

The company was controlled throughout the current and previous year by it's managing director Mr J Joshi.

The company secretary Mrs C Joshi is the wife of the director Mr J Joshi and holds 45% (2021 : 45%) of the share capital.