5 false false false false false false false false false false true false false false false true true No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 08310828 2023-12-01 2024-11-30 08310828 2024-11-30 08310828 2023-11-30 08310828 2022-12-01 2023-11-30 08310828 2023-11-30 08310828 2022-11-30 08310828 core:FurnitureFittings 2023-12-01 2024-11-30 08310828 bus:Director1 2023-12-01 2024-11-30 08310828 bus:Director2 2023-12-01 2024-11-30 08310828 core:FurnitureFittings 2023-11-30 08310828 core:FurnitureFittings 2024-11-30 08310828 core:WithinOneYear 2024-11-30 08310828 core:WithinOneYear 2023-11-30 08310828 core:AfterOneYear 2024-11-30 08310828 core:AfterOneYear 2023-11-30 08310828 core:ShareCapital 2024-11-30 08310828 core:ShareCapital 2023-11-30 08310828 core:RetainedEarningsAccumulatedLosses 2024-11-30 08310828 core:RetainedEarningsAccumulatedLosses 2023-11-30 08310828 core:FurnitureFittings 2023-11-30 08310828 bus:SmallEntities 2023-12-01 2024-11-30 08310828 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08310828 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08310828 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08310828 bus:FullAccounts 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 08310828
Spi-Des-Ign Web & Graphic Solutions Limited
Filleted Unaudited Financial Statements
30 November 2024
Spi-Des-Ign Web & Graphic Solutions Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
7,407
6,449
Current assets
Debtors
6
13,463
11,132
Cash at bank and in hand
40,246
42,832
--------
--------
53,709
53,964
Creditors: amounts falling due within one year
7
26,498
32,316
--------
--------
Net current assets
27,211
21,648
--------
--------
Total assets less current liabilities
34,618
28,097
Creditors: amounts falling due after more than one year
8
2,607
6,646
--------
--------
Net assets
32,011
21,451
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
31,911
21,351
--------
--------
Shareholders funds
32,011
21,451
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Spi-Des-Ign Web & Graphic Solutions Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 7 May 2025 , and are signed on behalf of the board by:
Mr R Gurteen
Mrs K C Gurteen
Director
Director
Company registration number: 08310828
Spi-Des-Ign Web & Graphic Solutions Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Ridgewell & Boreham, 24a Crown Street, Brentwood, Essex, CM14 4BA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Equipment
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 December 2023
2,580
13,541
16,121
Additions
516
2,329
2,845
-------
--------
--------
At 30 November 2024
3,096
15,870
18,966
-------
--------
--------
Depreciation
At 1 December 2023
2,024
7,648
9,672
Charge for the year
242
1,645
1,887
-------
--------
--------
At 30 November 2024
2,266
9,293
11,559
-------
--------
--------
Carrying amount
At 30 November 2024
830
6,577
7,407
-------
--------
--------
At 30 November 2023
556
5,893
6,449
-------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
13,463
11,132
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,000
4,000
Trade creditors
3,264
2,067
Corporation tax
3,881
3,544
Social security and other taxes
9,870
16,677
Other creditors
5,483
6,028
--------
--------
26,498
32,316
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,607
6,646
-------
-------
9. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.