Company Registration No. 12470415 (England and Wales)
Sprint Infotech Ltd
Unaudited accounts
for the year ended 29 February 2024
Sprint Infotech Ltd
Unaudited accounts
Contents
Sprint Infotech Ltd
Company Information
for the year ended 29 February 2024
Director
Srikanth Sonti Esq
Company Number
12470415 (England and Wales)
Registered Office
2 SPECTRUM AVENUE
RUGBY
CV22 5PP
ENGLAND
Sprint Infotech Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
3,609
4,042
Cash at bank and in hand
49,374
78,445
Creditors: amounts falling due within one year
(13,892)
(51,370)
Net current assets
35,482
27,075
Called up share capital
100
100
Profit and loss account
38,991
31,017
Shareholders' funds
39,091
31,117
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 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 10 November 2024 and were signed on its behalf by
Srikanth Sonti Esq
Director
Company Registration No. 12470415
Sprint Infotech Ltd
Notes to the Accounts
for the year ended 29 February 2024
Sprint Infotech Ltd is a private company, limited by shares, registered in England and Wales, registration number 12470415. The registered office is 2 SPECTRUM AVENUE, RUGBY, CV22 5PP, ENGLAND.
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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:
Fixtures & fittings
25% reduce balance basis
Computer equipment
25% reduce balance basis
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
4,500
589
5,089
At 29 February 2024
4,500
1,119
5,619
At 1 March 2023
900
147
1,047
Charge for the year
720
243
963
At 29 February 2024
1,620
390
2,010
At 29 February 2024
2,880
729
3,609
At 28 February 2023
3,600
442
4,042
Sprint Infotech Ltd
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,207
2,076
Loans from directors
11,185
25,794
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Average number of employees
During the year the average number of employees was 1 (2023: 1).