Company Registration No. 04691128 (England and Wales)
Sphere Creative Ltd
Unaudited accounts
for the year ended 31 March 2023
Sphere Creative Ltd
Unaudited accounts
Contents
Sphere Creative Ltd
Company Information
for the year ended 31 March 2023
Directors
J.D.Starling
Miss A.Trozzo
Company Number
04691128 (England and Wales)
Registered Office
Whiteoaks
Blacknest Road
Isington Alton
Hants
GU34 4PT
United Kingdom
Accountants
DJK Accounting Limited
Glendale
Burnhams Road
Little Bookham
Surrey
KT23 3BA
Sphere Creative Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
1,512
1,876
Cash at bank and in hand
11,582
11,658
Creditors: amounts falling due within one year
(11,263)
(11,542)
Net current assets
319
116
Called up share capital
100
100
Profit and loss account
1,731
1,892
Shareholders' funds
1,831
1,992
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 15 November 2023 and were signed on its behalf by
J.D.Starling
Director
Company Registration No. 04691128
Sphere Creative Ltd
Notes to the Accounts
for the year ended 31 March 2023
Sphere Creative Ltd is a private company, limited by shares, registered in England and Wales, registration number 04691128. The registered office is Whiteoaks, Blacknest Road, Isington Alton, Hants, GU34 4PT, United Kingdom.
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.
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:
Computer equipment
20% on cost
Other tangible fixed assets
15% on written down value
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
7,985
21,610
29,595
At 31 March 2023
7,985
21,610
29,595
At 1 April 2022
6,575
21,144
27,719
Charge for the year
210
154
364
At 31 March 2023
6,785
21,298
28,083
At 31 March 2023
1,200
312
1,512
At 31 March 2022
1,410
466
1,876
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,801
2,082
Loans from directors
6,662
8,660
Sphere Creative Ltd
Notes to the Accounts
for the year ended 31 March 2023
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).