Company Registration No. 08007455 (England and Wales)
Spurwing Ltd
Unaudited accounts
for the year ended 31 March 2023
Spurwing Ltd
Unaudited accounts
Contents
Spurwing Ltd
Company Information
for the year ended 31 March 2023
Directors
Gary Armstrong
Gairn Armstrong
Nicholas Armstrong
Jamie Armstrong
Company Number
08007455 (England and Wales)
Registered Office
Malt House Studios
4 Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Accountants
Meon Valley Accounting Ltd
Malt House Studios
4 Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Spurwing Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
81,590
192,211
Creditors: amounts falling due within one year
(224,053)
(236,138)
Net current assets
218,521
266,322
Net assets
218,521
266,322
Called up share capital
105
105
Profit and loss account
218,416
266,217
Shareholders' funds
218,521
266,322
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 5 November 2023 and were signed on its behalf by
Gary Armstrong
Director
Company Registration No. 08007455
Spurwing Ltd
Notes to the Accounts
for the year ended 31 March 2023
Spurwing Ltd is a private company, limited by shares, registered in England and Wales, registration number 08007455. The registered office is Malt House Studios, 4 Brook Street, Bishops Waltham, Hampshire, SO32 1AX.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Amounts falling due within one year
Accrued income and prepayments
15,434
1,260
Other debtors
14,050
302,489
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
27,771
Loans from directors
225,268
207,328
Spurwing Ltd
Notes to the Accounts
for the year ended 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
288,488
-
288,488
-
During the year to 31 March 2022, one of the Directors received a loan of £288,488. The market rate of interest was paid on the loan and the balance was repaid in full within 9 months of the year end.
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Average number of employees
During the year the average number of employees was 0 (2022: 0).