IRIS Accounts Production v24.3.0.553 09569192 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095691922023-04-30095691922024-04-30095691922023-05-012024-04-30095691922022-04-30095691922022-05-012023-04-30095691922023-04-3009569192ns15:EnglandWales2023-05-012024-04-3009569192ns14:PoundSterling2023-05-012024-04-3009569192ns10:Director12023-05-012024-04-3009569192ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009569192ns10:SmallEntities2023-05-012024-04-3009569192ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009569192ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009569192ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009569192ns10:FullAccounts2023-05-012024-04-3009569192ns10:Director22023-05-012024-04-3009569192ns10:RegisteredOffice2023-05-012024-04-3009569192ns5:CurrentFinancialInstruments2024-04-3009569192ns5:CurrentFinancialInstruments2023-04-3009569192ns5:ShareCapital2024-04-3009569192ns5:ShareCapital2023-04-3009569192ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3009569192ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3009569192ns5:RetainedEarningsAccumulatedLosses2024-04-3009569192ns5:RetainedEarningsAccumulatedLosses2023-04-3009569192ns5:LandBuildings2023-05-012024-04-3009569192ns5:LandBuildings2023-04-3009569192ns5:LandBuildings2024-04-3009569192ns5:LandBuildings2023-04-3009569192ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3009569192ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3009569192ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-30
REGISTERED NUMBER: 09569192 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Spotforth Limited

Spotforth Limited (Registered number: 09569192)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spotforth Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: H Tayefi
Dr P Tayefi





REGISTERED OFFICE: Unit 4a, Lodge Works
Birchill Road
Knowsley Industrial Estate
Liverpool
Merseyside
L33 7TD





REGISTERED NUMBER: 09569192 (England and Wales)





ACCOUNTANTS: Cobham Murphy PHD Limited
116 Duke Street
Liverpool
L1 5JW

Spotforth Limited (Registered number: 09569192)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,480 100,000

CURRENT ASSETS
Debtors 5 5,040 124
Cash at bank 10,119 20,785
15,159 20,909
CREDITORS
Amounts falling due within one year 6 33,495 38,167
NET CURRENT LIABILITIES (18,336 ) (17,258 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,144

82,742

PROVISIONS FOR LIABILITIES 20,854 15,849
NET ASSETS 61,290 66,893

CAPITAL AND RESERVES
Called up share capital 120 120
Fair value reserve 7 62,561 67,566
Retained earnings (1,391 ) (793 )
SHAREHOLDERS' FUNDS 61,290 66,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Spotforth Limited (Registered number: 09569192)

Balance Sheet - continued
30 April 2024


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 23 January 2025 and were signed on its behalf by:





H Tayefi - Director


Spotforth Limited (Registered number: 09569192)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Spotforth Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09569192 and the registered office is Unit 4a Lodge Works, Birchill Road, Knowsley Industrial Estate, Liverpool L33 7TD.

The presentation and functional 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 as modified by the revaluation of certain assets.

The directors consider that the going concern assumption is appropriate despite the loss and net current liability position as they believe they will be able to meet company obligations as they become due.The company receives support from its holding company and the directors are hoping that next 12 months will see the situation improve.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - No depreciation charged

Financial instruments
Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the year 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.


Spotforth Limited (Registered number: 09569192)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 May 2023 100,000
Additions 480
At 30 April 2024 100,480
NET BOOK VALUE
At 30 April 2024 100,480
At 30 April 2023 100,000

Cost or valuation at 30 April 2024 is represented by:

Land and
buildings
£   
Valuation in 2021 24,000
Valuation in 2022 59,415
Cost 17,065
100,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by participating interests 5,000 -
Other debtors 40 124
5,040 124

Spotforth Limited (Registered number: 09569192)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 329 1
Amounts owed to group undertakings 32,566 37,566
Other creditors 600 600
33,495 38,167

7. RESERVES
Fair
value
reserve
£   
At 1 May 2023 67,566
FV adjustment (5,005 )

At 30 April 2024 62,561