SPINROOM STUDIOS LTD

Company Registration Number:
12744131 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

SPINROOM STUDIOS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

SPINROOM STUDIOS LTD

Company Information

for the Period Ended 31 August 2024




Director: C L Cross
D J Cross
L Metselaar
Registered office: Global Centre
Unit 2, 113 Spalding Road
Deeping St. James
Peterborough
England
PE6 8SD
Company Registration Number: 12744131 (England and Wales)

SPINROOM STUDIOS LTD

Balance sheet

As at 31 August 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 52,426 17,704
Total fixed assets: 52,426 17,704
Current assets
Debtors: 5 50 90
Cash at bank and in hand: 5,749 4,246
Total current assets: 5,799 4,336
Creditors: amounts falling due within one year: 6 ( 13,883 ) ( 5,235 )
Net current assets (liabilities): ( 8,084 ) ( 899 )
Total assets less current liabilities: 44,342 16,805
Creditors: amounts falling due after more than one year: 7 ( 36,666 ) ( 0 )
Total net assets (liabilities): 7,676 16,805

The notes form part of these financial statements

SPINROOM STUDIOS LTD

Balance sheet continued

As at 31 August 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 7,576 16,705
Shareholders funds: 7,676 16,805

For the year ending 31 August 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 14 May 2025
And Signed On Behalf Of The Board By:

Name: C L Cross
Status: Director

The notes form part of these financial statements

SPINROOM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. The company is not VAT registered.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

    Depreciation is recognised to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

    Computer equipment 1/3 of cost per annum
    Gym equipment 15% of cost per annum

    The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Other accounting policies

    Equity instruments, being the share capital issued by the company, are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

SPINROOM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 3

SPINROOM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 3. Off balance sheet disclosure

    No

SPINROOM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Tangible assets

Plant & machinery Total
Cost £ £
At 01 September 2023 17,704 17,704
Additions 40,000 40,000
Disposals - -
Revaluations - -
Transfers - -
At 31 August 2024 57,704 57,704
Depreciation
At 01 September 2023 - -
Charge for year 5,278 5,278
On disposals - -
Other adjustments - -
At 31 August 2024 5,278 5,278
Net book value
At 31 August 2024 52,426 52,426
At 31 August 2023 17,704 17,704

SPINROOM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors


2024
£

2023
£
Trade debtors 50 90
Total 50 90

SPINROOM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 10,000
Taxation and social security 788
Accruals and deferred income 1,205 1,365
Other creditors 2,678 3,082
Total 13,883 5,235

SPINROOM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 36,666 0
Total 36,666 0

The loan is with Funding Circle and is unsecured

SPINROOM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 8. Financial Commitments

    Operating lease commitments - Lessee
    At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
    Total due at 2024 £121,100 (2023 £138,400)