SPINCRAFT LTD

Company Registration Number:
NI046406 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

SPINCRAFT LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

SPINCRAFT LTD

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 988,587 1,040,357
Investments:   0 0
Total fixed assets: 988,587 1,040,357
Current assets
Stocks: 455,000 420,000
Debtors:   429,317 512,047
Cash at bank and in hand: 2,502,135 2,040,804
Total current assets: 3,386,452 2,972,851
Creditors: amounts falling due within one year: 4 (317,195) (295,504)
Net current assets (liabilities): 3,069,257 2,677,347
Total assets less current liabilities: 4,057,844 3,717,704
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities:   0
Total net assets (liabilities): 4,057,844 3,717,704
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 4,057,842 3,717,702
Shareholders funds: 4,057,844 3,717,704

The notes form part of these financial statements

SPINCRAFT LTD

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 August 2025
and signed on behalf of the board by:

Name: Owen Campbell
Status: Director

The notes form part of these financial statements

SPINCRAFT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

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

SPINCRAFT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 17 18

SPINCRAFT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 1,932,976
Additions 10,207
At 31 December 2024 1,943,183
Depreciation
At 01 January 2024 892,619
Charge for year 61,977
At 31 December 2024 954,596
Net book value
At 31 December 2024 988,587
At 31 December 2023 1,040,357

SPINCRAFT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

Visa £1851 Trade Creditors £37776 Corporation Tax £153574 Other taxes and social security costs £57322 Directors accounts £62272 Accruals and deferred income £4400