Company Registration No. 13913907 (England and Wales)
Spartan Demolition Limited
Unaudited accounts
for the year ended 31 March 2024
Spartan Demolition Limited
Unaudited accounts
Contents
Spartan Demolition Limited
Company Information
for the year ended 31 March 2024
Company Number
13913907 (England and Wales)
Registered Office
11 Rectory Gardens
Basildon
Essex
SS13 2EL
Accountants
Beckett Taylor Limited
63-66 Hatton Garden
London
EC1N 8LE
Spartan Demolition Limited
Statement of financial position
as at 31 March 2024
Tangible assets
8,348
10,275
Cash at bank and in hand
(203)
837
Creditors: amounts falling due within one year
(16,414)
(6,882)
Net current (liabilities)/assets
(15,363)
7,825
Total assets less current liabilities
(7,015)
18,100
Provisions for liabilities
Deferred tax
(1,098)
(1,952)
Net (liabilities)/assets
(8,113)
16,148
Called up share capital
100
100
Profit and loss account
(8,213)
16,048
Shareholders' funds
(8,113)
16,148
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 31 August 2024 and were signed on its behalf by
Brendon Morris
Director
Company Registration No. 13913907
Spartan Demolition Limited
Notes to the Accounts
for the year ended 31 March 2024
Spartan Demolition Limited is a private company, limited by shares, registered in England and Wales, registration number 13913907. The registered office is 11 Rectory Gardens, Basildon, Essex, SS13 2EL.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
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:
Motor vehicles
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Spartan Demolition Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Other debtors
1,254
13,431
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,309
4,309
Loans from directors
10,505
973
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).