Company Registration No. 9330719 (England and Wales)
SP Controls Ltd
Unaudited accounts
for the year ended 31 March 2023
SP Controls Ltd
Unaudited accounts
Contents
SP Controls Ltd
Company Information
for the year ended 31 March 2023
Directors
S W Ruderham
P M Tucker
H J Tucker
A E Ruderham
Company Number
9330719 (England and Wales)
Registered Office
90 Moor View Drive
Teignmouth
Devon
TQ14 9UZ
SP Controls Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
8,589
9,695
Cash at bank and in hand
29,734
34,529
Creditors: amounts falling due within one year
(36,601)
(36,141)
Net current assets
60,892
57,442
Total assets less current liabilities
69,481
67,137
Provisions for liabilities
Deferred tax
(1,632)
(1,842)
Called up share capital
102
102
Profit and loss account
67,747
65,193
Shareholders' funds
67,849
65,295
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by
S W Ruderham
Director
Company Registration No. 9330719
SP Controls Ltd
Notes to the Accounts
for the year ended 31 March 2023
SP Controls Ltd is a private company, limited by shares, registered in England and Wales, registration number 9330719. The registered office is 90 Moor View Drive, Teignmouth, Devon, TQ14 9UZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services delivered to customers in the period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
20% Straight line
Stock has been valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
SP Controls Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
16,842
4,319
21,161
At 31 March 2023
17,174
5,050
22,224
At 1 April 2022
9,616
1,850
11,466
Charge for the year
1,511
658
2,169
At 31 March 2023
11,127
2,508
13,635
At 31 March 2023
6,047
2,542
8,589
At 31 March 2022
7,226
2,469
9,695
Amounts falling due within one year
Trade debtors
61,587
51,940
Accrued income and prepayments
1,511
1,347
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
6,782
9,360
Taxes and social security
24,311
21,362
Loans from directors
5,425
5,337
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
1 Ordinary A shares of £1 each
1
1
1 Ordinary B shares of £1 each
1
1
SP Controls Ltd
Notes to the Accounts
for the year ended 31 March 2023
8
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
8,220
8,220
Later than one year and not later than five years
4,795
13,015
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).