IRIS Accounts Production v25.1.0.734 14277548 director 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh142775482023-08-31142775482024-08-31142775482023-09-012024-08-31142775482022-08-31142775482022-09-012023-08-31142775482023-08-3114277548ns15:EnglandWales2023-09-012024-08-3114277548ns14:PoundSterling2023-09-012024-08-3114277548ns10:Director12023-09-012024-08-3114277548ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3114277548ns10:SmallEntities2023-09-012024-08-3114277548ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3114277548ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3114277548ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3114277548ns10:FullAccounts2023-09-012024-08-3114277548ns10:OrdinaryShareClass12023-09-012024-08-3114277548ns10:RegisteredOffice2023-09-012024-08-3114277548ns5:CurrentFinancialInstruments2024-08-3114277548ns5:CurrentFinancialInstruments2023-08-3114277548ns5:ShareCapital2024-08-3114277548ns5:ShareCapital2023-08-3114277548ns5:RetainedEarningsAccumulatedLosses2024-08-3114277548ns5:RetainedEarningsAccumulatedLosses2023-08-311427754812023-09-012024-08-3114277548ns5:ComputerEquipment2023-09-012024-08-3114277548ns5:ComputerEquipment2023-08-3114277548ns5:ComputerEquipment2024-08-3114277548ns5:ComputerEquipment2023-08-3114277548ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3114277548ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3114277548ns5:DeferredTaxation2023-08-3114277548ns5:DeferredTaxation2024-08-3114277548ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 14277548 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

SPIRITUS TRADING LTD

SPIRITUS TRADING LTD (REGISTERED NUMBER: 14277548)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


SPIRITUS TRADING LTD

Company Information
for the year ended 31 August 2024







DIRECTOR: Y H Lai





REGISTERED OFFICE: 124 City Road
London
United Kingdom
EC1V 2NX





REGISTERED NUMBER: 14277548 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Spiritus Trading Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spiritus Trading Ltd for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Spiritus Trading Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spiritus Trading Ltd and state those matters that we have agreed to state to the director of Spiritus Trading Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spiritus Trading Ltd and its director for our work or for this report.

It is your duty to ensure that Spiritus Trading Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spiritus Trading Ltd. You consider that Spiritus Trading Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spiritus Trading Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


6 May 2025

SPIRITUS TRADING LTD (REGISTERED NUMBER: 14277548)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,368 2,290

CURRENT ASSETS
Debtors 5 129 17,668
Cash at bank 71,951 138,112
72,080 155,780
CREDITORS
Amounts falling due within one year 6 65,298 139,152
NET CURRENT ASSETS 6,782 16,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,150

18,918

PROVISIONS FOR LIABILITIES 7 842 435
NET ASSETS 9,308 18,483

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9,307 18,482
SHAREHOLDERS' FUNDS 9,308 18,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 6 May 2025 and were signed by:




Y H Lai - Director


SPIRITUS TRADING LTD (REGISTERED NUMBER: 14277548)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Spiritus Trading Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, recognised when services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and 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 the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


SPIRITUS TRADING LTD (REGISTERED NUMBER: 14277548)

Notes to the Financial Statements - continued
for the year ended 31 August 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hire purchases and leasing policy
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023 3,435
Additions 3,334
At 31 August 2024 6,769
DEPRECIATION
At 1 September 2023 1,145
Charge for year 2,256
At 31 August 2024 3,401
NET BOOK VALUE
At 31 August 2024 3,368
At 31 August 2023 2,290

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 129 17,668

SPIRITUS TRADING LTD (REGISTERED NUMBER: 14277548)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,368 4,544
Other creditors 59,930 134,608
65,298 139,152

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 842 435

Deferred
tax
£   
Balance at 1 September 2023 435
Accelerated capital allowances 407
Balance at 31 August 2024 842

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the director was owed £312 by the company (2023: director owed the company £524). During the year £50,001 (2023: £4,337) was advanced and £50,313 (2023: £3,813) was repaid.