IRIS Accounts Production v23.4.0.336 11900447 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure119004472022-03-31119004472023-03-31119004472022-04-012023-03-31119004472021-03-31119004472021-04-012022-03-31119004472022-03-3111900447ns16:EnglandWales2022-04-012023-03-3111900447ns15:PoundSterling2022-04-012023-03-3111900447ns11:Director12022-04-012023-03-3111900447ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3111900447ns11:SmallEntities2022-04-012023-03-3111900447ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3111900447ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111900447ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111900447ns11:FullAccounts2022-04-012023-03-3111900447ns11:Director22022-04-012023-03-3111900447ns11:CompanySecretary12022-04-012023-03-3111900447ns11:RegisteredOffice2022-04-012023-03-3111900447ns6:CurrentFinancialInstruments2023-03-3111900447ns6:CurrentFinancialInstruments2022-03-3111900447ns6:Non-currentFinancialInstruments2023-03-3111900447ns6:Non-currentFinancialInstruments2022-03-3111900447ns6:ShareCapital2023-03-3111900447ns6:ShareCapital2022-03-3111900447ns6:RetainedEarningsAccumulatedLosses2023-03-3111900447ns6:RetainedEarningsAccumulatedLosses2022-03-3111900447ns6:ComputerEquipment2022-04-012023-03-3111900447ns6:ComputerEquipment2022-03-3111900447ns6:ComputerEquipment2023-03-3111900447ns6:ComputerEquipment2022-03-3111900447ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3111900447ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3111900447ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2023-03-3111900447ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2022-03-31
REGISTERED NUMBER: 11900447 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SPHERE GLOBAL LIMITED

SPHERE GLOBAL LIMITED (REGISTERED NUMBER: 11900447)

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


SPHERE GLOBAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr Hardial Singh Cheema
Mr Rhys Iwan Lancaster





SECRETARY: Mr Hardial Singh Cheema





REGISTERED OFFICE: The Maltings
2 Anderson Road
Bearwood
Birmingham
West Midlands
B66 4AR





REGISTERED NUMBER: 11900447 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

SPHERE GLOBAL LIMITED (REGISTERED NUMBER: 11900447)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 9,460 6,789

CURRENT ASSETS
Debtors 5 176,333 65,632
Cash at bank and in hand 258,102 173,539
434,435 239,171
CREDITORS
Amounts falling due within one year 6 101,197 46,591
NET CURRENT ASSETS 333,238 192,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,698

199,369

CREDITORS
Amounts falling due after more than one
year

7

(20,423

)

(28,413

)

PROVISIONS FOR LIABILITIES (611 ) -
NET ASSETS 321,664 170,956

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 321,654 170,946
321,664 170,956

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.

SPHERE GLOBAL LIMITED (REGISTERED NUMBER: 11900447)

BALANCE SHEET - continued
31 MARCH 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 30 January 2024 and were signed on its behalf by:





Mr Hardial Singh Cheema - Director


SPHERE GLOBAL LIMITED (REGISTERED NUMBER: 11900447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Sphere Global 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
Revenue is measured at the fair value of the consideration received or receivable, 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.
Computer equipment - 25% on cost

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.

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 3 (2022 - 3 ) .

SPHERE GLOBAL LIMITED (REGISTERED NUMBER: 11900447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 April 2022 11,035
Additions 7,240
At 31 March 2023 18,275
DEPRECIATION
At 1 April 2022 4,246
Charge for year 4,569
At 31 March 2023 8,815
NET BOOK VALUE
At 31 March 2023 9,460
At 31 March 2022 6,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by associates 136,333 23,507
Other debtors 40,000 40,000
VAT - 2,125
176,333 65,632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to associates - 900
Tax 44,398 44,516
Social security and other taxes 883 -
Pension liability 198 124
VAT 52,489 -
Directors' current accounts 1,430 -
Accrued expenses 1,799 1,051
101,197 46,591

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other loans - 2-5 years 20,423 28,413