2022-04-012023-03-312023-03-31false06115228SPIRIT FIRES LIMITED2023-11-0332990iso4217:GBPxbrli:pure061152282022-04-01061152282023-03-31061152282022-04-012023-03-31061152282021-04-01061152282022-03-31061152282021-04-012022-03-3106115228bus:SmallEntities2022-04-012023-03-3106115228bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3106115228bus:FullAccounts2022-04-012023-03-3106115228bus:PrivateLimitedCompanyLtd2022-04-012023-03-3106115228core:WithinOneYear2023-03-3106115228core:AfterOneYear2023-03-3106115228core:WithinOneYear2022-03-3106115228core:AfterOneYear2022-03-3106115228core:ShareCapital2023-03-3106115228core:SharePremium2023-03-3106115228core:RevaluationReserve2023-03-3106115228core:OtherReservesSubtotal2023-03-3106115228core:RetainedEarningsAccumulatedLosses2023-03-3106115228core:ShareCapital2022-03-3106115228core:SharePremium2022-03-3106115228core:RevaluationReserve2022-03-3106115228core:OtherReservesSubtotal2022-03-3106115228core:RetainedEarningsAccumulatedLosses2022-03-3106115228core:LandBuildings2023-03-3106115228core:PlantMachinery2023-03-3106115228core:Vehicles2023-03-3106115228core:FurnitureFittings2023-03-3106115228core:OfficeEquipment2023-03-3106115228core:NetGoodwill2023-03-3106115228core:IntangibleAssetsOtherThanGoodwill2023-03-3106115228core:ListedExchangeTraded2023-03-3106115228core:UnlistedNon-exchangeTraded2023-03-3106115228core:LandBuildings2022-03-3106115228core:PlantMachinery2022-03-3106115228core:Vehicles2022-03-3106115228core:FurnitureFittings2022-03-3106115228core:OfficeEquipment2022-03-3106115228core:NetGoodwill2022-03-3106115228core:IntangibleAssetsOtherThanGoodwill2022-03-3106115228core:ListedExchangeTraded2022-03-3106115228core:UnlistedNon-exchangeTraded2022-03-3106115228core:LandBuildings2022-04-012023-03-3106115228core:PlantMachinery2022-04-012023-03-3106115228core:Vehicles2022-04-012023-03-3106115228core:FurnitureFittings2022-04-012023-03-3106115228core:OfficeEquipment2022-04-012023-03-3106115228core:NetGoodwill2022-04-012023-03-3106115228core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106115228core:ListedExchangeTraded2022-04-012023-03-3106115228core:UnlistedNon-exchangeTraded2022-04-012023-03-3106115228core:MoreThanFiveYears2022-04-012023-03-3106115228core:Non-currentFinancialInstruments2023-03-3106115228core:Non-currentFinancialInstruments2022-03-3106115228dpl:CostSales2022-04-012023-03-3106115228dpl:DistributionCosts2022-04-012023-03-3106115228core:LandBuildings2022-04-012023-03-3106115228core:PlantMachinery2022-04-012023-03-3106115228core:Vehicles2022-04-012023-03-3106115228core:FurnitureFittings2022-04-012023-03-3106115228core:OfficeEquipment2022-04-012023-03-3106115228dpl:AdministrativeExpenses2022-04-012023-03-3106115228core:NetGoodwill2022-04-012023-03-3106115228core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106115228dpl:GroupUndertakings2022-04-012023-03-3106115228dpl:ParticipatingInterests2022-04-012023-03-3106115228dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106115228core:ListedExchangeTraded2022-04-012023-03-3106115228dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106115228core:UnlistedNon-exchangeTraded2022-04-012023-03-3106115228dpl:CostSales2021-04-012022-03-3106115228dpl:DistributionCosts2021-04-012022-03-3106115228core:LandBuildings2021-04-012022-03-3106115228core:PlantMachinery2021-04-012022-03-3106115228core:Vehicles2021-04-012022-03-3106115228core:FurnitureFittings2021-04-012022-03-3106115228core:OfficeEquipment2021-04-012022-03-3106115228dpl:AdministrativeExpenses2021-04-012022-03-3106115228core:NetGoodwill2021-04-012022-03-3106115228core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3106115228dpl:GroupUndertakings2021-04-012022-03-3106115228dpl:ParticipatingInterests2021-04-012022-03-3106115228dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3106115228core:ListedExchangeTraded2021-04-012022-03-3106115228dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3106115228core:UnlistedNon-exchangeTraded2021-04-012022-03-3106115228core:NetGoodwill2023-03-3106115228core:IntangibleAssetsOtherThanGoodwill2023-03-3106115228core:LandBuildings2023-03-3106115228core:PlantMachinery2023-03-3106115228core:Vehicles2023-03-3106115228core:FurnitureFittings2023-03-3106115228core:OfficeEquipment2023-03-3106115228core:AfterOneYear2023-03-3106115228core:WithinOneYear2023-03-3106115228core:ListedExchangeTraded2023-03-3106115228core:UnlistedNon-exchangeTraded2023-03-3106115228core:ShareCapital2023-03-3106115228core:SharePremium2023-03-3106115228core:RevaluationReserve2023-03-3106115228core:OtherReservesSubtotal2023-03-3106115228core:RetainedEarningsAccumulatedLosses2023-03-3106115228core:NetGoodwill2022-03-3106115228core:IntangibleAssetsOtherThanGoodwill2022-03-3106115228core:LandBuildings2022-03-3106115228core:PlantMachinery2022-03-3106115228core:Vehicles2022-03-3106115228core:FurnitureFittings2022-03-3106115228core:OfficeEquipment2022-03-3106115228core:AfterOneYear2022-03-3106115228core:WithinOneYear2022-03-3106115228core:Liste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SPIRIT FIRES LIMITED

Registered Number
06115228
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

SPIRIT FIRES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

BAILEY, Michelle Kelly
STOCKS, Paul Lindsay

Registered Address

Unit 4 Beaumont Square Durham
Way South Aycliffe Industrial
Estate Newton Aycliffe
DL5 6XN

Registered Number

06115228 (England and Wales)
SPIRIT FIRES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets54255
Tangible assets615,00222,383
Investments711
15,04522,439
Current assets
Stocks881,695100,107
Debtors9708,008619,763
Cash at bank and on hand117,957212,602
907,660932,472
Creditors amounts falling due within one year10(347,243)(393,298)
Net current assets (liabilities)560,417539,174
Total assets less current liabilities575,462561,613
Creditors amounts falling due after one year11(81,667)(41,667)
Provisions for liabilities12(11,206)(39,673)
Net assets482,589480,273
Capital and reserves
Called up share capital20,00020,000
Profit and loss account462,589460,273
Shareholders' funds482,589480,273
The financial statements were approved and authorised for issue by the Board of Directors on 3 November 2023, and are signed on its behalf by:
BAILEY, Michelle Kelly
Director
STOCKS, Paul Lindsay
Director

Registered Company No. 06115228
SPIRIT FIRES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-4
Fixtures and fittings25-
Vehicles25-
Office Equipment-4
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year810
5.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 228,4898,489
At 31 March 238,4898,489
Amortisation and impairment
At 01 April 228,4348,434
Charge for year1313
At 31 March 238,4478,447
Net book value
At 31 March 234242
At 31 March 225555
6.Property, plant and equipment

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2222,7306,69081,84631,003142,269
Additions---3333
At 31 March 2322,7306,69081,84631,036142,302
Depreciation and impairment
At 01 April 2214,5906,67075,54523,081119,886
Charge for year7,4095--7,414
At 31 March 2321,9996,67575,54523,081127,300
Net book value
At 31 March 23731156,3017,95515,002
At 31 March 228,140206,3017,92222,383
7.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 2211
At 31 March 2311
Net book value
At 31 March 2311
At 31 March 2211

Notes

1Investments in group undertakings and participating interests
8.Stocks

2023

2022

££
Work in progress-1,541
Finished goods81,69598,566
Total81,695100,107
9.Debtors

2023

2022

££
Trade debtors / trade receivables17,34717,111
Amounts owed by group undertakings635,808558,253
Other debtors5,87730,308
Prepayments and accrued income48,97614,091
Total708,008619,763
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables217,476277,779
Bank borrowings and overdrafts25,000-
Amounts owed to related parties11
Taxation and social security99,84972,871
Other creditors55910,200
Accrued liabilities and deferred income4,35832,447
Total347,243393,298
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts81,66741,667
Total81,66741,667
12.Provisions for liabilities

2023

2022

££
Other provisions11,20639,673
Total11,20639,673