Spitfire Group Ltd 14763611 true 2024-04-01 2024-11-30 2024-11-30 The principal activity of the company is holding company Digita Accounts Production Advanced 6.30.9574.0 true 14763611 2024-04-01 2024-11-30 14763611 2024-11-30 14763611 core:CurrentFinancialInstruments 2024-11-30 14763611 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 14763611 bus:SmallEntities 2024-04-01 2024-11-30 14763611 bus:AuditExemptWithAccountantsReport 2024-04-01 2024-11-30 14763611 bus:AbridgedAccounts 2024-04-01 2024-11-30 14763611 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-11-30 14763611 bus:Director1 2024-04-01 2024-11-30 14763611 bus:EntityHasNeverTraded 2024-04-01 2024-11-30 14763611 bus:PrivateLimitedCompanyLtd 2024-04-01 2024-11-30 14763611 countries:AllCountries 2024-04-01 2024-11-30 14763611 2023-03-28 2024-03-31 14763611 2024-03-31 14763611 core:CurrentFinancialInstruments 2024-03-31 14763611 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14763611

Spitfire Group Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 1 April 2024 to 30 November 2024

 

Spitfire Group Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Spitfire Group Ltd

(Registration number: 14763611)
Abridged Balance Sheet as at 30 November 2024

Note

2024
£

2024
£

Current assets

 

Debtors

1,500

-

Cash at bank and in hand

 

9,237

100

 

10,737

100

Creditors: Amounts falling due within one year

(2,021)

-

Net assets

 

8,716

100

Capital and reserves

 

Called up share capital

100

100

Retained earnings

8,616

-

Shareholders' funds

 

8,716

100

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

.........................................
Mr Gavin Franklin
Director

 

Spitfire Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 30 November 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Spitfire Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 30 November 2024

Financial instruments

Classification
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.
 

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).