Company Registration No. 10013007 (England and Wales)
Spin Brands Limited
Unaudited accounts
for the year ended 31 December 2024
Spin Brands Limited
Unaudited accounts
Contents
Spin Brands Limited
Company Information
for the year ended 31 December 2024
Directors
Max Alexander Whicher
Alex Bodini
Company Number
10013007 (England and Wales)
Registered Office
56 Ayres St
London
SE11EU
United Kingdom
Accountants
Enso Accountants Ltd
189c Mauldeth Road
Manchester
M191BA
Spin Brands Limited
Statement of financial position
as at 31 December 2024
Intangible assets
50,922
63,652
Tangible assets
16,028
37,511
Investments
10,800
124,800
Cash at bank and in hand
78,989
758,934
Creditors: amounts falling due within one year
(966,229)
(1,449,100)
Net current assets
89,202
107,818
Total assets less current liabilities
166,952
333,781
Creditors: amounts falling due after more than one year
-
(21,745)
Net assets
166,952
312,036
Called up share capital
20
20
Profit and loss account
166,932
312,016
Shareholders' funds
166,952
312,036
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by
Max Alexander Whicher
Director
Company Registration No. 10013007
Spin Brands Limited
Notes to the Accounts
for the year ended 31 December 2024
Spin Brands Limited is a private company, limited by shares, registered in England and Wales, registration number 10013007. The registered office is 56 Ayres St, London, SE11EU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 Year Straight Line
Computer equipment
3 Year Straight Line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Spin Brands Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
76,382
Charge for the year
12,730
At 31 December 2024
25,460
At 31 December 2024
50,922
At 31 December 2023
63,652
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
14,274
69,249
83,523
Disposals
-
(18,792)
(18,792)
At 31 December 2024
14,274
58,630
72,904
At 1 January 2024
6,392
39,620
46,012
Charge for the year
1,789
11,262
13,051
Surplus on revaluation
-
(2,187)
(2,187)
At 31 December 2024
8,181
48,695
56,876
At 31 December 2024
6,093
9,935
16,028
At 31 December 2023
7,882
29,629
37,511
6
Investments
Other investments
Valuation at 1 January 2024
124,800
Valuation at 31 December 2024
10,800
Spin Brands Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
581,336
490,602
Amounts due from group undertakings etc.
120,603
-
Accrued income and prepayments
201,805
27,891
Other debtors
72,698
81,329
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
198,162
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
14,164
-
Trade creditors
216,473
321,663
Taxes and social security
65,116
74,220
Other creditors
266,468
689,328
Loans from directors
-
719
Deferred income
250,080
177,256
9
Creditors: amounts falling due after more than one year
2024
2023
10
Average number of employees
During the year the average number of employees was 44 (2023: 44).