Spinetek Limited Company accounts

COMPANY REGISTRATION NUMBER: 08320310

Spinetek Limited

Unaudited Financial Statements

31 March 2025

Spinetek Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Directors' report	2

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	3

Statement of comprehensive income	4

Statement of financial position	5

Statement of changes in equity	7

Notes to the financial statements	8

Spinetek Limited

Officers and Professional Advisers

The board of directors	D Pal
	S Hui

Registered office	14 Windermere Drive
	Alwoodley
	Leeds
	West Yorkshire
	LS17 7UZ

Accountants	Burlinson Shaw & Co
	Accountants
	21 Henrietta Street
	Batley
	West Yorkshire
	WF17 5DN

Spinetek Limited

Directors' Report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025 .

Directors

The directors who served the company during the year were as follows:

D Pal
S Hui

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 18 December 2025 and signed on behalf of the board by:

D Pal

Director

Registered office:

14 Windermere Drive

Alwoodley

Leeds

West Yorkshire

LS17 7UZ

Spinetek Limited

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Spinetek Limited

Year ended 31 March 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2025, which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Burlinson Shaw & Co Accountants

21 Henrietta Street Batley West Yorkshire WF17 5DN

18 December 2025

Spinetek Limited

Statement of Comprehensive Income

Year ended 31 March 2025

	2025	2024
Note	£	£
Turnover	507,557	603,278

Cost of sales	5,292	7,758
	---------	---------
Gross profit	502,265	595,520

Administrative expenses	197,226	170,211
	---------	---------
Operating profit	305,039	425,309

Other interest receivable and similar income		228	13
Interest payable and similar expenses		2,833	1,236
		---------	---------
Profit before taxation	5	302,434	424,086

Tax on profit	74,934	102,580
	---------	---------
Profit for the financial year and total comprehensive income	227,500	321,506
	---------	---------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Spinetek Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		72,413	57,358

Current assets

Debtors	7	39,141	61,296
Cash at bank and in hand		611,008	690,315
		---------	---------
		650,149	751,611

Creditors: amounts falling due within one year	8	110,388		146,404
		---------		---------
Net current assets			539,761	605,207
			---------	---------
Total assets less current liabilities			612,174	662,565

Creditors: amounts falling due after more than one year	9		61,284	42,035

Provisions

Taxation including deferred tax	13,758	10,898
	---------	---------
Net assets	537,132	609,632
	---------	---------

Capital and reserves

Called up share capital	4	4
Profit and loss account	537,128	609,628
	---------	---------
Shareholders funds	537,132	609,632
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Spinetek Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

D Pal

Director

Company registration number: 08320310

Spinetek Limited

Statement of Changes in Equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 April 2023	3	378,122	378,125

Profit for the year		321,506	321,506
	----	---------	---------
Total comprehensive income for the year	–	321,506	321,506

Issue of shares	1	–	1
Dividends paid and payable	–	( 90,000)	( 90,000)
	----	---------	---------
Total investments by and distributions to owners	1	( 90,000)	( 89,999)

At 31 March 2024	4	609,628	609,632

Profit for the year		227,500	227,500
	----	---------	---------
Total comprehensive income for the year	–	227,500	227,500

Dividends paid and payable	–	( 300,000)	( 300,000)
	----	---------	---------
Total investments by and distributions to owners	–	( 300,000)	( 300,000)

	----	---------	---------
At 31 March 2025	4	537,128	537,132
	----	---------	---------

Spinetek Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Windermere Drive, Alwoodley, Leeds, LS17 7UZ, West Yorkshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	33% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	24,229	4,577
	--------	-------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	1,068	58,779	2,088	61,935
Additions	–	39,284	–	39,284
	-------	--------	-------	---------
At 31 March 2025	1,068	98,063	2,088	101,219
	-------	--------	-------	---------
Depreciation
At 1 April 2024	214	3,674	689	4,577
Charge for the year	170	23,597	462	24,229
	-------	--------	-------	---------
At 31 March 2025	384	27,271	1,151	28,806
	-------	--------	-------	---------
Carrying amount
At 31 March 2025	684	70,792	937	72,413
	-------	--------	-------	---------
At 31 March 2024	854	55,105	1,399	57,358
	-------	--------	-------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	39,004	61,296
Other debtors	137	–
	--------	--------
	39,141	61,296
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	72,071	91,679
Social security and other taxes	2,947	2,585
Other creditors	35,370	52,140
	---------	---------
	110,388	146,404
	---------	---------

Other creditors include hire purchase creditors of £10,027 (2024:£5,584) which are secured on the assets to which they relate.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	61,284	42,035
	--------	--------

Other creditors are hire purchase creditors which are secured on the assets to which they relate.