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REGISTERED NUMBER: 06847031 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

FOR

SPUR CREATIVE LIMITED

SPUR CREATIVE LIMITED (REGISTERED NUMBER: 06847031)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


SPUR CREATIVE LIMITED (REGISTERED NUMBER: 06847031)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 18,144 18,906
Investments 6 100 100
18,244 19,006

CURRENT ASSETS
Stocks 1,600 1,600
Debtors 7 83,343 167,784
Cash at bank and in hand 78,421 61,659
163,364 231,043
CREDITORS
Amounts falling due within one year 8 128,809 153,186
NET CURRENT ASSETS 34,555 77,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,799

96,863

CREDITORS
Amounts falling due after more than
one year

9

(32,858

)

(56,199

)

PROVISIONS FOR LIABILITIES 10 (1,953 ) (2,098 )
NET ASSETS 17,988 38,566

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 17,888 38,466
SHAREHOLDERS' FUNDS 17,988 38,566

SPUR CREATIVE LIMITED (REGISTERED NUMBER: 06847031)

BALANCE SHEET - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:





P Jarman - Director


SPUR CREATIVE LIMITED (REGISTERED NUMBER: 06847031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Spur Creative Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06847031

Registered office: Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer Equipment - 33% on cost

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realizable value, after
making due allowance for obsolete and slow moving items.

SPUR CREATIVE LIMITED (REGISTERED NUMBER: 06847031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


SPUR CREATIVE LIMITED (REGISTERED NUMBER: 06847031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognized in the Profit and
Loss Account, except to the extent that it relates to items recognized in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognized at the amount of tax payable using the tax rates and laws that that
have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made wherein the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only
where the replacement assets are sold.

Deferred tax assets are recognized only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

SPUR CREATIVE LIMITED (REGISTERED NUMBER: 06847031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings Equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 7,865 27,826 6,095 10,436 52,222
Additions - 2,217 234 633 3,084
At 31 March 2023 7,865 30,043 6,329 11,069 55,306
DEPRECIATION
At 1 April 2022 - 21,823 4,224 7,269 33,316
Charge for year - 1,634 493 1,719 3,846
At 31 March 2023 - 23,457 4,717 8,988 37,162
NET BOOK VALUE
At 31 March 2023 7,865 6,586 1,612 2,081 18,144
At 31 March 2022 7,865 6,003 1,871 3,167 18,906

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 48,422 46,144
Amounts owed by group undertakings 3,596 3,200
Amounts receivable on contracts 20,990 111,187
Prepayments and accrued income 10,335 7,253
83,343 167,784

SPUR CREATIVE LIMITED (REGISTERED NUMBER: 06847031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 23,341 21,735
Trade creditors 28,514 62,604
Corporation tax 16,404 28,191
PAYE and social security 4,505 12,489
VAT 13,458 8,516
Other creditors 13,345 15,111
Wages control account 3,168 1,193
Director's current account 1,861 910
Accruals 24,213 2,437
128,809 153,186

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years 21,191 23,341
Other loans - 2-5 years 11,667 32,858
32,858 56,199

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,953 2,098

Deferred
tax
£   
Balance at 1 April 2022 2,098
Provided during year (145 )
Balance at 31 March 2023 1,953

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £10 100 100

SPUR CREATIVE LIMITED (REGISTERED NUMBER: 06847031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
P Jarman
Balance outstanding at start of year (910 ) 18,166
Amounts advanced - 918
Amounts repaid (951 ) (19,994 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,861 ) (910 )