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REGISTERED NUMBER: 14641649 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

6 FEBRUARY 2023 TO 31 DECEMBER 2023

FOR

SPHERE DESIGN LIMITED

SPHERE DESIGN LIMITED (REGISTERED NUMBER: 14641649)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 FEBRUARY 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPHERE DESIGN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 6 FEBRUARY 2023 TO 31 DECEMBER 2023







DIRECTORS: Mrs J Wild
Mr M A McDonnell





REGISTERED OFFICE: Chalfont Park House
Chalfont Park
Gerrards Cross
Buckinghamshire
SL9 0DZ





REGISTERED NUMBER: 14641649 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

SPHERE DESIGN LIMITED (REGISTERED NUMBER: 14641649)

BALANCE SHEET
31 DECEMBER 2023

Notes £   
CURRENT ASSETS
Stocks 370,490
Debtors 4 537,662
Cash at bank 251,995
1,160,147
CREDITORS
Amounts falling due within one year 5 1,149,912
NET CURRENT ASSETS 10,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,235

CAPITAL AND RESERVES
Called up share capital 200
Retained earnings 10,035
10,235

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

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

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 26 August 2024 and were signed on its behalf by:





Mrs J Wild - Director


SPHERE DESIGN LIMITED (REGISTERED NUMBER: 14641649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 FEBRUARY 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Sphere Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Stocks
Stocks represent work in progress at the year end which is valued at the lower of cost and net realisable value.

Taxation
Taxation for the period 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 428,499
Other debtors 109,163
537,662

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 522,107
Amounts owed to joint ventures 19,052
Taxation and social security 55,052
Other creditors 553,701
1,149,912