Spin Technology Limited - Filleted accounts

Registered number

SC242580

Spin Technology Limited

Filleted Accounts

31 January 2026

Spin Technology Limited
Registered number:		SC242580
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		3,785			4,453

Current assets
Debtors	4	-			13,505
Cash at bank and in hand		100,549			30,559
		100,549			44,064

Creditors: amounts falling due within one year	5	(33,418)			(14,221)

Net current assets			67,131			29,843

Total assets less current liabilities			70,916			34,296

Creditors: amounts falling due after more than one year	6		-			(2,167)



Net assets			70,916			32,129

Capital and reserves
Called up share capital			100			100
Profit and loss account			70,816			32,029

Shareholder's funds			70,916			32,129

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Huthwaite
Director
Approved by the board on 7 October 2026

Spin Technology Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	2		2


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 February 2025			8,691
	At 31 January 2026			8,691

	Depreciation
	At 1 February 2025			4,238
	Charge for the year			668
	At 31 January 2026			4,906

	Net book value
	At 31 January 2026			3,785
	At 31 January 2025			4,453


4	Debtors	2026		2025
£			£

	Other debtors	-		13,505



5	Creditors: amounts falling due within one year	2026		2025
£			£

	Bank loans and overdrafts	-		2,400
	Corporation tax	32,392		11,146
	Other creditors	1,026		675
		33,418		14,221


6	Creditors: amounts falling due after one year	2026		2025
£			£

	Bank loans	-		2,167


7	Controlling party

	The controlling parties are S Huthwaite and K Huthwaite who each own 50% of the issued share capital of the company.


8	Other information

	Spin Technology Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Butterley House
	Skelmorlie Castle Road
	SKELMORLIE
	PA17 5EE