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REGISTERED NUMBER: 04693352 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Spiro`s (Cardiff) Limited

Spiro`s (Cardiff) Limited (Registered number: 04693352)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spiro`s (Cardiff) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S Borg
Mrs L C Borg





REGISTERED OFFICE: Cornerstone
Charles Street
Cardiff
CF10 2GA





REGISTERED NUMBER: 04693352 (England and Wales)





ACCOUNTANTS: Austin Accountancy Services Ltd
15 Manor Park
Ham Lane
Llantwit Major
Vale of Glamorgan
CF61 1RS

Spiro`s (Cardiff) Limited (Registered number: 04693352)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 287,637 291,300
287,637 291,300

CURRENT ASSETS
Stocks 11,641 2,500
Debtors 6 139,296 118,886
Cash at bank and in hand 12,124 33,165
163,061 154,551
CREDITORS
Amounts falling due within one year 7 301,699 231,669
NET CURRENT LIABILITIES (138,638 ) (77,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,999

214,182

CREDITORS
Amounts falling due after more than
one year

8

(21,667

)

(69,027

)

PROVISIONS FOR LIABILITIES (54,651 ) (51,252 )
NET ASSETS 72,681 93,903

Spiro`s (Cardiff) Limited (Registered number: 04693352)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 71,783 71,783
Retained earnings 896 22,118
72,681 93,903

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2023 and were signed on its behalf by:





S Borg - Director


Spiro`s (Cardiff) Limited (Registered number: 04693352)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Spiro`s (Cardiff) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on cost, 20% on reducing balance and 10% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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


Spiro`s (Cardiff) Limited (Registered number: 04693352)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022
and 31 March 2023 30,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Spiro`s (Cardiff) Limited (Registered number: 04693352)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 132,955 580,103 713,058
Additions - 52,855 52,855
At 31 March 2023 132,955 632,958 765,913
DEPRECIATION
At 1 April 2022 22,862 398,896 421,758
Charge for year 5,318 51,200 56,518
At 31 March 2023 28,180 450,096 478,276
NET BOOK VALUE
At 31 March 2023 104,775 182,862 287,637
At 31 March 2022 110,093 181,207 291,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 42,509 37,621
Other debtors 96,787 81,265
139,296 118,886

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 59,273 59,914
Trade creditors 57,460 38,655
Taxation and social security 123,632 87,804
Other creditors 61,334 45,296
301,699 231,669

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 21,667 32,527
Taxation and social security - 36,500
21,667 69,027

Spiro`s (Cardiff) Limited (Registered number: 04693352)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank overdrafts 49,273 49,914

Included within creditors falling due within one year is £49,273 (2022-£49,914) secured upon the assets of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 71,783