2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-26 Sage Accounts Production Advanced 2023 - FRS102_2023 8,400 6,507 473 6,980 1,420 1,893 xbrli:pure xbrli:shares iso4217:GBP 06969987 2022-07-26 2023-07-23 06969987 2023-07-23 06969987 2022-07-25 06969987 2021-07-26 2022-07-25 06969987 2022-07-25 06969987 2021-07-25 06969987 bus:Director1 2022-07-26 2023-07-23 06969987 core:WithinOneYear 2023-07-23 06969987 core:WithinOneYear 2022-07-25 06969987 core:AfterOneYear 2023-07-23 06969987 core:AfterOneYear 2022-07-25 06969987 core:UKTax 2022-07-26 2023-07-23 06969987 core:UKTax 2021-07-26 2022-07-25 06969987 core:ShareCapital 2023-07-23 06969987 core:ShareCapital 2022-07-25 06969987 core:RetainedEarningsAccumulatedLosses 2023-07-23 06969987 core:RetainedEarningsAccumulatedLosses 2022-07-25 06969987 bus:SmallEntities 2022-07-26 2023-07-23 06969987 bus:AuditExemptWithAccountantsReport 2022-07-26 2023-07-23 06969987 bus:SmallCompaniesRegimeForAccounts 2022-07-26 2023-07-23 06969987 bus:PrivateLimitedCompanyLtd 2022-07-26 2023-07-23 06969987 bus:FullAccounts 2022-07-26 2023-07-23 06969987 core:ComputerEquipment 2022-07-26 2023-07-23 06969987 core:ComputerEquipment 2023-07-23 06969987 core:ComputerEquipment 2022-07-25
COMPANY REGISTRATION NUMBER: 06969987
SPG MANAGEMENT (UK) LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
23 July 2023
SPG MANAGEMENT (UK) LTD
FINANCIAL STATEMENTS
PERIOD FROM 26 JULY 2022 TO 23 JULY 2023
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
SPG MANAGEMENT (UK) LTD
STATEMENT OF FINANCIAL POSITION
23 July 2023
23 Jul 23
25 Jul 22
Note
£
£
£
£
FIXED ASSETS
Tangible assets
6
1,420
1,893
CURRENT ASSETS
Debtors
7
513,782
385,267
Cash at bank and in hand
460
2,563
---------
---------
514,242
387,830
CREDITORS: amounts falling due within one year
8
( 483,877)
( 349,099)
---------
---------
NET CURRENT ASSETS
30,365
38,731
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
31,785
40,624
CREDITORS: amounts falling due after more than one year
9
( 16,934)
( 25,500)
PROVISIONS
Taxation including deferred tax
( 270)
( 360)
--------
--------
NET ASSETS
14,581
14,764
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
14,481
14,664
--------
--------
SHAREHOLDER FUNDS
14,581
14,764
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 23 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SPG MANAGEMENT (UK) LTD
STATEMENT OF FINANCIAL POSITION (continued)
23 July 2023
These financial statements were approved by the board of directors and authorised for issue on 14 October 2024 , and are signed on behalf of the board by:
S P Graham
Director
Company registration number: 06969987
SPG MANAGEMENT (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 26 JULY 2022 TO 23 JULY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Selby Road, Leeds, LS9 0EW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied during the year.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
25% reducing balance
Financial instruments
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 and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 2 (2022: 1 ).
5. TAX ON PROFIT
Major components of tax expense
Period from
26 Jul 22 to
Year to
23 Jul 23
25 Jul 22
£
£
Current tax:
UK current tax expense
458
693
Deferred tax:
Origination and reversal of timing differences
( 90)
( 120)
----
----
Tax on profit
368
573
----
----
6. TANGIBLE ASSETS
Computer equipment
Total
£
£
Cost
At 26 July 2022 and 23 July 2023
8,400
8,400
-------
-------
Depreciation
At 26 July 2022
6,507
6,507
Charge for the period
473
473
-------
-------
At 23 July 2023
6,980
6,980
-------
-------
Carrying amount
At 23 July 2023
1,420
1,420
-------
-------
At 25 July 2022
1,893
1,893
-------
-------
7. DEBTORS
23 Jul 23
25 Jul 22
£
£
Trade debtors
287,216
239,216
Other debtors
226,566
146,051
---------
---------
513,782
385,267
---------
---------
8. CREDITORS: amounts falling due within one year
23 Jul 23
25 Jul 22
£
£
Bank loans and overdrafts
9,000
9,000
Trade creditors
102,842
2,510
Corporation tax
1,150
1,927
Social security and other taxes
27,958
27,437
Amounts due to related companies
336,071
302,166
Other creditors
6,856
6,059
---------
---------
483,877
349,099
---------
---------
9. CREDITORS: amounts falling due after more than one year
23 Jul 23
25 Jul 22
£
£
Bank loans and overdrafts
16,934
25,500
--------
--------