Spuddy Software Ltd 11351464 true 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of engineering activities. Digita Accounts Production Advanced 6.30.9574.0 true true 11351464 2023-06-01 2024-05-31 11351464 2024-05-31 11351464 bus:Director1 1 2024-05-31 11351464 core:CurrentFinancialInstruments 2024-05-31 11351464 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11351464 core:FurnitureFittingsToolsEquipment 2024-05-31 11351464 bus:SmallEntities 2023-06-01 2024-05-31 11351464 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11351464 bus:FullAccounts 2023-06-01 2024-05-31 11351464 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11351464 bus:RegisteredOffice 2023-06-01 2024-05-31 11351464 bus:Director1 2023-06-01 2024-05-31 11351464 bus:Director1 1 2023-06-01 2024-05-31 11351464 bus:EntityNoLongerTradingButTradedInPast 2023-06-01 2024-05-31 11351464 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11351464 core:PlantMachinery 2023-06-01 2024-05-31 11351464 countries:EnglandWales 2023-06-01 2024-05-31 11351464 2023-05-31 11351464 bus:Director1 1 2023-05-31 11351464 core:FurnitureFittingsToolsEquipment 2023-05-31 11351464 2022-06-01 2023-05-31 11351464 2023-05-31 11351464 bus:Director1 1 2023-05-31 11351464 core:CurrentFinancialInstruments 2023-05-31 11351464 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 11351464 core:FurnitureFittingsToolsEquipment 2023-05-31 11351464 bus:Director1 1 2022-06-01 2023-05-31 11351464 bus:Director1 1 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 11351464

Spuddy Software Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Spuddy Software Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Spuddy Software Ltd

Company Information

Director

Mr Peter Barrow

Registered office

Ludlow House The Avenue
Bishopton
Stratford-Upon-Avon
CV37 0RH

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Spuddy Software Ltd

(Registration number: 11351464)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

161

161

Current assets

 

Debtors

5

-

546

Cash at bank and in hand

 

75,111

75,111

 

75,111

75,657

Creditors: Amounts falling due within one year

6

(15,359)

(14,905)

Net current assets

 

59,752

60,752

Net assets

 

59,913

60,913

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

59,912

60,912

Shareholders' funds

 

59,913

60,913

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 November 2024

.........................................

Mr Peter Barrow
Director

 

Spuddy Software Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ludlow House The Avenue
Bishopton
Stratford-Upon-Avon
CV37 0RH
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity;and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Spuddy Software Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Spuddy Software Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Spuddy Software Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

647

647

At 31 May 2024

647

647

Depreciation

At 1 June 2023

486

486

At 31 May 2024

486

486

Carrying amount

At 31 May 2024

161

161

At 31 May 2023

161

161

5

Debtors

Current

2024
£

2023
£

Other debtors

-

546

 

-

546

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

85

Accruals and deferred income

500

500

Other creditors

14,859

14,320

15,359

14,905

 

Spuddy Software Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

8

Related party transactions

Creditors due within one year includes amounts owed to the Director of £14,859 (2023 - £14,320). The loan is repayable on demand.

Transactions with the director

2024

At 1 June 2023
£

Repayments by director
£

At 31 May 2024
£

Mr Peter Barrow

Amounts owed to/(from) the Director

14,320

538

14,859

       
     

 

2023

At 1 June 2022
£

Repayments by director
£

At 31 May 2023
£

Mr Peter Barrow

Amounts owed to/(from) the Director

10,320

4,000

14,320