Company Registration No. 13216752 (England and Wales)
SP Finishes Ltd
Unaudited accounts
for the year ended 29 February 2024
SP Finishes Ltd
Unaudited accounts
Contents
SP Finishes Ltd
Company Information
for the year ended 29 February 2024
Directors
Luke Shorney
Elizabeth Marie Shorney
Company Number
13216752 (England and Wales)
Registered Office
15 Common Lane
Polesworth
Tamworth
B78 1LZ
England
Accountants
Sage Accounting Ltd
19 Lomond Close
Tamworth
Staffordshire
United Kingdom
B79 8ET
SP Finishes Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
6,921
8,480
Cash at bank and in hand
5,996
3,100
Creditors: amounts falling due within one year
(8,079)
(13,315)
Net current assets/(liabilities)
1,626
(8,182)
Total assets less current liabilities
8,547
298
Creditors: amounts falling due after more than one year
(5,148)
-
Called up share capital
2
2
Profit and loss account
3,397
296
Shareholders' funds
3,399
298
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by
Luke Shorney
Director
Company Registration No. 13216752
SP Finishes Ltd
Notes to the Accounts
for the year ended 29 February 2024
SP Finishes Ltd is a private company, limited by shares, registered in England and Wales, registration number 13216752. The registered office is 15 Common Lane, Polesworth, Tamworth, B78 1LZ, England.
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.
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
4 years straight line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
10,600
-
10,600
At 29 February 2024
10,600
577
11,177
At 1 March 2023
2,120
-
2,120
Charge for the year
2,120
16
2,136
At 29 February 2024
4,240
16
4,256
At 29 February 2024
6,360
561
6,921
At 28 February 2023
8,480
-
8,480
Amounts falling due within one year
Accrued income and prepayments
-
1,500
SP Finishes Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,904
6,243
Loans from directors
1,977
5,555
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).