Spirit UK Managed Services Ltd

Registered number

07110570

Filleted Accounts

31 December 2024

Spirit UK Managed Services Ltd
Registered number:		07110570
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		4,698			875

Current assets
Debtors	4	207,242			124,995
Cash at bank and in hand		23,138			3,400
		230,380			128,395

Creditors: amounts falling due within one year	5	(122,953)			(47,935)

Net current assets			107,427			80,460

Total assets less current liabilities			112,125			81,335


Provisions for liabilities			(893)			(166)


Net assets			111,232			81,169

Capital and reserves
Called up share capital			2			2
Capital redemption reserve			1			1
Profit and loss account			111,229			81,166

Shareholders' funds			111,232			81,169

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Pritpal S Sehmi
Director
Approved by the board on 30 September 2025

Spirit UK Managed Services Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% straight line
	Fixtures, fittings, tools and equipment	25% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		11		11


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				4,873
	Additions				5,671
	At 31 December 2024				10,544

	Depreciation
	At 1 January 2024				3,998
	Charge for the year				1,848
	At 31 December 2024				5,846

	Net book value
	At 31 December 2024				4,698
	At 31 December 2023				875


4	Debtors		2024		2023
£				£

	Trade debtors		207,242		124,915
	Other debtors		-		80
			207,242		124,995


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		-		100
	Taxation and social security costs		68,943		25,494
	Other creditors		54,010		22,341
			122,953		47,935


6	Other information

	Spirit UK Managed Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	15 Norfolk Road
	Seven Kings
	Ilford
	IG3 8LQ