REGISTERED NUMBER: 01957121 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

SPOOLFINDER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P F Lewis

D J Phillips

SECRETARY:

P F Lewis

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

01957121 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

2,040

1,050

CURRENT ASSETS

Stocks

5

611,326

633,609

Debtors

6

116,671

165,847

Cash at bank

132,343

83,540

860,340

882,996

CREDITORS

Amounts falling due within one year

7

76,507

26,781

NET CURRENT ASSETS

783,833

856,215

TOTAL ASSETS LESS CURRENT LIABILITIES

785,873

857,265

PROVISIONS FOR LIABILITIES

8

510

200

NET ASSETS

785,363

857,065

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

785,263

856,965

SHAREHOLDERS' FUNDS

785,363

857,065

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 25 September 2025 and were signed on its behalf by:

P F Lewis - Director

D J Phillips - Director

1.	STATUTORY INFORMATION

Spoolfinder 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

3,404

Additions

1,649

At 31 December 2024

5,053

DEPRECIATION

At 1 January 2024

2,354

Charge for year

659

At 31 December 2024

3,013

NET BOOK VALUE

At 31 December 2024

2,040

At 31 December 2023

1,050

5.

STOCKS

2024

2023

£

£

Property work in progress

435,056

447,891

Development work in progress

176,270

185,718

611,326

633,609

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

809

439

Olivia Trading Limited

107,430

157,430

Prepayments

8,432

7,978

116,671

165,847

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

363

499

Corporation tax

56,607

16,153

Company credit card

445

217

Directors' loan accounts

4,499

1,999

Deferred income

12,665

6,198

Accrued expenses

1,928

1,715

76,507

26,781

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

510

200

Deferred

tax

£

Balance at 1 January 2024

200

Accelerated capital allowances

310

Balance at 31 December 2024

510

9.	RELATED PARTY DISCLOSURES

The directors of Spoolfinder Limited control Olivia Trading Limited.

Included in debtors due within one year is £107,430 (2023 : £157,430) representing amounts due from The Olivia Trading Limited at 31 December 2024.

The companies traded on normal commercial terms, however interest was not charged on the above balances.

10.	CONTROLLING PARTY

The company's two directors each own 50% of the company's share capital, therefore it is not under the control of any one individual.