2023-06-012024-05-312024-05-31false11993262SPHERE SERVICES 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SPHERE SERVICES LTD

Registered Number
11993262
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

SPHERE SERVICES LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

BALL, Joseph

Registered Address

7 Oakdale Way
Mitcham
CR4 4NW

Registered Number

11993262 (England and Wales)
SPHERE SERVICES LTD
Statement of Financial Position
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets447,41551,668
47,41551,668
Current assets
Debtors5124,066159,279
Cash at bank and on hand307,786269,166
431,852428,445
Creditors amounts falling due within one year6(62,643)(154,504)
Net current assets (liabilities)369,209273,941
Total assets less current liabilities416,624325,609
Provisions for liabilities7(4,019)(3,801)
Net assets412,605321,808
Capital and reserves
Called up share capital11
Profit and loss account412,604321,807
Shareholders' funds412,605321,808
The financial statements were approved and authorised for issue by the Director on 20 February 2025, and are signed on its behalf by:
BALL, Joseph
Director
Registered Company No. 11993262
SPHERE SERVICES LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
2.Average number of employees

20242023
Average number of employees during the year21
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 June 2313,30059,46472,764
Additions16,382-16,382
Disposals-(8,254)(8,254)
At 31 May 2429,68251,21080,892
Depreciation and impairment
At 01 June 234,86916,22721,096
Charge for year6,2029,60315,805
On disposals-(3,424)(3,424)
At 31 May 2411,07122,40633,477
Net book value
At 31 May 2418,61128,80447,415
At 31 May 238,43143,23751,668
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables117,350155,109
Other debtors6,7164,170
Total124,066159,279
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security50,11615,427
Other creditors12,527139,077
Total62,643154,504
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,0193,801
Total4,0193,801