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REGISTERED NUMBER: 07244432 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Spire Infragen Limited

Spire Infragen Limited (Registered number: 07244432)






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


Spire Infragen Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: V Kalra





REGISTERED OFFICE: Kemp House
152 City Road
London
EC1V 2NX





REGISTERED NUMBER: 07244432 (England and Wales)





ACCOUNTANTS: A N Perera & Co
173 Barnfield Avenue
Kingston upon Thames
Surrey
KT2 5RQ

Spire Infragen Limited (Registered number: 07244432)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £   
CURRENT ASSETS
Stocks 6,942 7,401
Debtors 5 546 655
Cash at bank 7,357 28,208
14,845 36,264
CREDITORS
Amounts falling due within one year 6 (62,145 ) (59,266 )
NET CURRENT LIABILITIES (47,300 ) (23,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,300

)

(23,002

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (47,400 ) (23,102 )
SHAREHOLDERS' FUNDS (47,300 ) (23,002 )

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 director acknowledges his 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.

Spire Infragen Limited (Registered number: 07244432)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





V Kalra - Director


Spire Infragen Limited (Registered number: 07244432)

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

1. STATUTORY INFORMATION

Spire Infragen 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.

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 - 33% 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 Statement of Income and Retained Earnings, 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.

Spire Infragen Limited (Registered number: 07244432)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022
and 31 May 2023 1,116
DEPRECIATION
At 1 June 2022
and 31 May 2023 1,116
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 655
Prepayments and accrued income 546 -
546 655

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 316 -
VAT 7,183 5,844
Directors' current accounts 54,646 53,422
62,145 59,266

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary 1 100 100

Spire Infragen Limited (Registered number: 07244432)

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

8. RESERVES
Retained
earnings
£   

At 1 June 2022 (23,102 )
Deficit for the year (24,298 )
At 31 May 2023 (47,400 )

9. POST BALANCE SHEET EVENTS

In 2019, after almost six years of a dispute regarding a potential claim by a contractor engaged by Spire Infragen Limited against whom Spire Infragen Limited had a counter claim, filed a claim against Spire Infragen Limited in court through a company he owns. In court filing the contractor claimed that his services were rendered to Spire Infragen Limited through two separate companies owned by him and not by himself personally which Spire Infragen Limited disputed. The Limitation (validity due to passage of time) along with validity of the claim by the two companies owned by this contractor was challenged in the court. As per Court Order on 01 June 2021, the claim filed by the contractor was struck out due to claimant’s non-compliance of the conditions set in the court order. The disputed amount of £115,203 has been included in Bad debts written off