HOUSE OF SPELLS LIMITED

HOUSE OF SPELLS LIMITED
Contents Page
For the year ended 31 January 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

HOUSE OF SPELLS LIMITED
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	22,550	28,188
		22,550	28,188
Current assets
Stocks		74,337	72,894
Debtors		80,547	77,138
Cash at bank and in hand		1,677	5,263
		156,561	155,295
Creditors: amount falling due within one year		(58,117)	(65,526)
Net current assets		98,444	89,769

Total assets less current liabilities		120,994	117,957
Creditors: amount falling due after more than one year		(69,740)	(68,442)
Net assets		51,254	49,515

Capital and reserves
Called up share capital		100	100
Profit and loss account		51,154	49,415
Shareholders' funds		51,254	49,515

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 31 October 2026 and were signed by:

-------------------------------
Rafeeque OLIKKATHODI
Director

1

HOUSE OF SPELLS LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 January 2026

General Information

HOUSE OF SPELLS LIMITED is a private company, limited by shares, registered in , registration number 12370982, registration address 48 HENLEY STREET, STRATFORD-UPON-AVON, CV37 6QW.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Basis of Preparation

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

10% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the period was 12 (2025 : 8).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 February 2025	48,940	48,940
Additions	-	-
Disposals	-	-
At 31 January 2026	48,940	48,940
Depreciation
At 01 February 2025	20,752	20,752
Charge for year	5,638	5,638
On disposals	-	-
At 31 January 2026	26,390	26,390
Net book values
Closing balance as at 31 January 2026	22,550	22,550
Opening balance as at 01 February 2025	28,188	28,188

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