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REGISTERED NUMBER: 10772706 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

SPON GLOBAL LTD

SPON GLOBAL LTD (Registered number: 10772706)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPON GLOBAL LTD

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr Daniel Fletcher
Mr Luke Thomas Mills





REGISTERED OFFICE: Discovery Point
Evans Road
Liverpool
Merseyside
L24 9PB





REGISTERED NUMBER: 10772706 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

SPON GLOBAL LTD (Registered number: 10772706)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,584 8,960
Investments 5 15,000 15,000
38,584 23,960

CURRENT ASSETS
Stocks 2,831,608 1,598,082
Debtors 6 782,915 752,180
Cash at bank and in hand 4,648,232 2,316,751
8,262,755 4,667,013
CREDITORS
Amounts falling due within one year 7 1,174,963 407,200
NET CURRENT ASSETS 7,087,792 4,259,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,126,376

4,283,773

PROVISIONS FOR LIABILITIES 1,702 1,702
NET ASSETS 7,124,674 4,282,071

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7,123,674 4,281,071
7,124,674 4,282,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SPON GLOBAL LTD (Registered number: 10772706)

Balance Sheet - continued
31 May 2023


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 12 February 2024 and were signed on its behalf by:





Mr Daniel Fletcher - Director


SPON GLOBAL LTD (Registered number: 10772706)

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

1. STATUTORY INFORMATION

SPON GLOBAL LTD 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 amounts derived from the services provided by the company falling within its ordinary activities, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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.

SPON GLOBAL LTD (Registered number: 10772706)

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

2. ACCOUNTING POLICIES - continued

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 19 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 18,175
Additions 19,963
At 31 May 2023 38,138
DEPRECIATION
At 1 June 2022 9,215
Charge for year 5,339
At 31 May 2023 14,554
NET BOOK VALUE
At 31 May 2023 23,584
At 31 May 2022 8,960

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 15,000
NET BOOK VALUE
At 31 May 2023 15,000
At 31 May 2022 15,000

SPON GLOBAL LTD (Registered number: 10772706)

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

6. DEBTORS
31.5.23 31.5.22
£    £   
Amounts falling due within one year:
Other debtors 163,390 150,268

Amounts falling due after more than one year:
Other debtors 619,525 601,912

Aggregate amounts 782,915 752,180

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 196,125 118,822
Trade creditors 317,174 146,033
Taxation and social security 607,665 114,598
Other creditors 53,999 27,747
1,174,963 407,200