Acorah Software Products - Accounts Production 16.5.460 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05203419 Miss Cheryl Beeton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05203419 2023-08-31 05203419 2024-08-31 05203419 2023-09-01 2024-08-31 05203419 frs-core:CurrentFinancialInstruments 2024-08-31 05203419 frs-core:Non-currentFinancialInstruments 2024-08-31 05203419 frs-core:ComputerEquipment 2024-08-31 05203419 frs-core:ComputerEquipment 2023-09-01 2024-08-31 05203419 frs-core:ComputerEquipment 2023-08-31 05203419 frs-core:PlantMachinery 2024-08-31 05203419 frs-core:PlantMachinery 2023-09-01 2024-08-31 05203419 frs-core:PlantMachinery 2023-08-31 05203419 frs-core:ShareCapital 2024-08-31 05203419 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05203419 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05203419 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05203419 frs-bus:SmallEntities 2023-09-01 2024-08-31 05203419 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05203419 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05203419 frs-bus:Director1 2023-09-01 2024-08-31 05203419 frs-bus:Director1 2023-08-31 05203419 frs-bus:Director1 2024-08-31 05203419 frs-core:CurrentFinancialInstruments 1 2024-08-31 05203419 frs-countries:EnglandWales 2023-09-01 2024-08-31 05203419 2022-08-31 05203419 2023-08-31 05203419 2022-09-01 2023-08-31 05203419 frs-core:CurrentFinancialInstruments 2023-08-31 05203419 frs-core:Non-currentFinancialInstruments 2023-08-31 05203419 frs-core:ShareCapital 2023-08-31 05203419 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 05203419 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 05203419
Spiral-x Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
St James Accounting
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05203419
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,696 4,456
3,696 4,456
CURRENT ASSETS
Debtors 5 63,715 34,052
Cash at bank and in hand - 7,698
63,715 41,750
Creditors: Amounts Falling Due Within One Year 6 (66,601 ) (45,118 )
NET CURRENT ASSETS (LIABILITIES) (2,886 ) (3,368 )
TOTAL ASSETS LESS CURRENT LIABILITIES 810 1,088
PROVISIONS FOR LIABILITIES
Deferred Taxation (702 ) (847 )
NET ASSETS 108 241
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 8 141
SHAREHOLDERS' FUNDS 108 241
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Cheryl Beeton
Director
23/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Spiral-x Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05203419 . The registered office is 30 Manor Drive, Peterborough, PE4 7AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance
Computer Equipment 33.33% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 16,431 2,799 19,230
As at 31 August 2024 16,431 2,799 19,230
Depreciation
As at 1 September 2023 12,325 2,449 14,774
Provided during the period 411 349 760
As at 31 August 2024 12,736 2,798 15,534
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 August 2024 3,695 1 3,696
As at 1 September 2023 4,106 350 4,456
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,662 20,379
Other debtors (1) 22,824 -
Director's loan account 25,601 10,223
56,087 30,602
Due after more than one year
Corporation tax recoverable assets 7,628 3,450
63,715 34,052
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,775 10,601
Bank loans and overdrafts 6,085 -
Corporation tax 18,351 15,223
PAYE 4,248 4,247
VAT 24,086 13,814
Net wages 758 -
Accruals and deferred income 1,298 1,233
66,601 45,118
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Miss Cheryl Beeton 10,223 26,796 11,418 - 25,601
The above loan is unsecured, interest free and repayable on demand.
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