Spoke World Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11946618

		28 February 2025		29 February 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		784		1,748

			784		1,748
CURRENT ASSETS
Debtors	5	20,446		56,617
Cash at bank and in hand		956		15,687

		21,402		72,304
Creditors: Amounts Falling Due Within One Year	6	(16,106 )		(17,990 )

NET CURRENT ASSETS (LIABILITIES)			5,296		54,314

TOTAL ASSETS LESS CURRENT LIABILITIES			6,080		56,062

NET ASSETS			6,080		56,062

CAPITAL AND RESERVES
Called up share capital	7		279		279
Share premium account			1,752,295		1,752,295
Other reserves			19,139		19,139
Profit and Loss Account			(1,765,633 )		(1,715,651 )

SHAREHOLDERS' FUNDS			6,080		56,062

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Spoke World Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 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.

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

Mr Michael Maher

Director

27/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Spoke World Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11946618 . The registered office is Ground Floor, 53 Fashion Street, London, England,, E1 6PX.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. 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:

Fixtures & Fittings	20% Straight Line
Computer Equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

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.

2.7. Research and development policy

Revenue expenditure on research and development is written off in the period in which it is incurred.

The company qualifies to make claims under the SME R&D tax relief scheme. Benefits arising from successful claims under the SME R&D tax relief scheme are reflected 'below the line' as a reduction in the Corporation Tax charge or, if loss making, as Corporation Tax credit. Benefits receivable from R&D claims are recognised in the reporting period in which the qualifying expenditure is incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year were as follows: 2 (2024: 3)

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Spoke World Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 March 2024	333	3,082	3,415

As at 28 February 2025	333	3,082	3,415

Depreciation
As at 1 March 2024	206	1,461	1,667
Provided during the period	67	897	964

As at 28 February 2025	273	2,358	2,631

Net Book Value
As at 28 February 2025	60	724	784

As at 1 March 2024	127	1,621	1,748

Cost or valuation as at 28 February 2025 represented by:

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
At cost	333	3,082	3,415

	333	3,082	3,415

5. Debtors

	28 February 2025	29 February 2024
	£	£
Due within one year
Other debtors	20,052	54,635
VAT	394	1,982

	20,446	56,617

6. Creditors: Amounts Falling Due Within One Year

	28 February 2025	29 February 2024
	£	£
Trade creditors	4,800	9,224
Net wages	2,026	353
Other creditors	1,588	483
Pensions Payable	-	202
Accruals	1,514	1,514
Directors' loan accounts	6,178	6,214

	16,106	17,990

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Spoke World Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

7. Share Capital

	28 February 2025	29 February 2024
	£	£
Allotted, Called up and fully paid	279	279

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