Spindle Productions Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07941600

Spindle Productions Ltd

Unaudited financial statements

31 December 2025

Spindle Productions Ltd

Statement of financial position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	753	1,484
Tangible assets	6	10,358	21,354
Investments	7	1	–
		-------	-------
		11,112	22,838

Current assets

Stocks		462	462
Debtors	8	25,589	223,066
Cash at bank and in hand		171,986	400,809
		---------	---------
		198,037	624,337

Prepayments and accrued income	53,172		191,670

Creditors: Amounts falling due within one year	9	( 157,032)		( 424,954)
		---------		---------
Net current assets			94,177		391,053
			---------		---------
Total assets less current liabilities			105,289		413,891

Creditors: Amounts falling due after more than one year	10		–		( 10,055)

Provisions

Taxation including deferred tax		( 2,778)		( 5,347)

Accruals and deferred income	( 55,790)	( 155,944)
	---------	---------
Net assets	46,721	242,545
	---------	---------

Capital and reserves

Called up share capital	11	232	232
Share premium account		14,532	14,532
Capital redemption reserve		22	22
Profit and loss account		31,935	227,759
		-------	---------
Shareholders funds		46,721	242,545
		-------	---------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

Spindle Productions Ltd

Statement of financial position (continued)

31 December 2025

For the year ending 31 December 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 .

These financial statements were approved by the board of directors and authorised for issue on 23 July 2026 , and are signed on behalf of the board by:

Mr S C Richardson

Director

Company registration number: 07941600

Spindle Productions Ltd

Notes to the financial statements

Year ended 31 December 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 Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB. The trading address is 1st Floor, 46 Charlotte Road, London, EC2A 3PD.

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. 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 of Value Added Tax. Revenue from the provision of services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer; 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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.

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:

Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	15% reducing balance
Computer equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock and work in progress to its present location and condition.

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 employees during the year was 11 (2024: 12 ).

5. Intangible assets

	Website
	£
Cost
At 1 January 2025 and 31 December 2025	29,215
	-------
Amortisation
At 1 January 2025	27,731
Charge for the year	731
	-------
At 31 December 2025	28,462
	-------
Carrying amount
At 31 December 2025	753
	-------
At 31 December 2024	1,484
	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost
At 1 January 2025	23,854	18,905	18,187	60,946
Additions	–	700	452	1,152
Disposals	( 1,662)	( 9,714)	( 826)	( 12,202)
	-------	-------	-------	-------
At 31 December 2025	22,192	9,891	17,813	49,896
	-------	-------	-------	-------
Depreciation
At 1 January 2025	20,963	9,990	8,639	39,592
Charge for the year	547	708	5,843	7,098
Disposals	( 1,506)	( 4,821)	( 825)	( 7,152)
	-------	-------	-------	-------
At 31 December 2025	20,004	5,877	13,657	39,538
	-------	-------	-------	-------
Carrying amount
At 31 December 2025	2,188	4,014	4,156	10,358
	-------	-------	-------	-------
At 31 December 2024	2,891	8,915	9,548	21,354
	-------	-------	-------	-------

7. Investments

	Other investments other than loans
	£
Cost
At 1 January 2025	–
Additions	1
	----
At 31 December 2025	1
	----
Impairment
At 1 January 2025 and 31 December 2025	–
	----

Carrying amount
At 31 December 2025	1
	----
At 31 December 2024	–
	----

8. Debtors

	2025	2024
	£	£
Trade debtors	21,800	161,302
Amounts owed by group undertakings	3,088	–
Other debtors	701	61,764
	-------	---------
	25,589	223,066
	-------	---------

9. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loan and overdraft	16,254	56,884
Trade creditors	42,176	121,319
Social security and other taxes	74,678	215,311
Other creditors	23,924	31,440
	---------	---------
	157,032	424,954
	---------	---------

10. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loan and overdraft	–	10,055
	----	-------

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	122	122	122	122
Ordinary B shares of £ 1 each	49	49	49	49
Ordinary C shares of £ 1 each	49	49	49	49
Ordinary D shares of £ 1 each	12	12	12	12
	----	----	----	----
	232	232	232	232
	----	----	----	----

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 1 year and not later than 5 years	25,489	34,358
	-------	-------