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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
Page
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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
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SP Controls Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,589 
9,695 
Current assets
Inventories
1,500 
1,500 
Debtors
66,259 
57,554 
Cash at bank and in hand
29,734 
34,529 
97,493 
93,583 
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)
Net assets
67,849 
65,295 
Capital and reserves
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
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SP Controls Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Stock has been valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
Deferred taxation
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.
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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 
Additions
332 
731 
1,063 
At 31 March 2023
17,174 
5,050 
22,224 
Depreciation
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 
Net book value
At 31 March 2023
6,047 
2,542 
8,589 
At 31 March 2022
7,226 
2,469 
9,695 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,161 
4,267 
Trade debtors
61,587 
51,940 
Accrued income and prepayments
1,511 
1,347 
66,259 
57,554 
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 
Accruals
83 
82 
36,601 
36,141 
7
Share capital
2023 
2022 
£ 
£ 
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 
102 
102 
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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 
13,015 
21,235 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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