General Information
Spitfire Engineering Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 06549228, registration address 19 Westminster Crescent, Burn Bridge, Harrogate, North Yorkshire, HG3 1LX.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 01 June 2024 |
7,421 |
|
7,421 |
| Additions |
355 |
|
355 |
| Disposals |
- |
|
- |
| At 31 May 2025 |
7,776 |
|
7,776 |
| Depreciation |
| At 01 June 2024 |
6,004 |
|
6,004 |
| Charge for year |
582 |
|
582 |
| On disposals |
- |
|
- |
| At 31 May 2025 |
6,586 |
|
6,586 |
| Net book values |
| Closing balance as at 31 May 2025 |
1,190 |
|
1,190 |
| Opening balance as at 01 June 2024 |
1,417 |
|
1,417 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
24,900 |
|
19,400 |
|
24,900 |
|
19,400 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
2,362 |
|
689 |
| Other Debtors |
6,078 |
|
9,636 |
|
8,440 |
|
10,325 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
708 |
|
771 |
| Bank Loans & Overdrafts |
1,847 |
|
1,611 |
| Taxation and Social Security |
3,599 |
|
2,040 |
| Other Creditors |
750 |
|
4,831 |
|
6,904 |
|
9,253 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
6,749 |
|
8,584 |
|
6,749 |
|
8,584 |
|
| 8. |
Advances and Credits
G & T Suffling During the year ended 31st May 2025, the Company repaid £13,978 of the loan to the Directors, and the Directors advanced a further £9,163 to the Company. The loans are interest free and repayable on demand. | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| G & T Suffling | 4,083 | | 9,163 | | 0 | | 13,978 | | 0 | | 0 | | (732) | | 4083 | | 9163 | | 0 | | 13978 | | 0 | | 0 | | -732 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| G & T Suffling | 12,705 | | 8,478 | | 0 | | 17,100 | | 0 | | 0 | | 4,083 | | 12705 | | 8478 | | 0 | | 17100 | | 0 | | 0 | | 4083 |
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