Sphere Office Solutions Limited - Accounts to registrar (filleted) - small 18.2

Sphere Office Solutions Limited - Accounts to registrar (filleted) - small 18.2

SPHERE OFFICE SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 04609341 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Sphere Office Solutions Limited
Sphere Office Solutions Limited (Registered number: 04609341)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sphere Office Solutions Limited

Company Information
for the Year Ended 31 December 2018







DIRECTOR: G R Ellis





SECRETARY:





REGISTERED OFFICE: 34 Bettws-y-Coed Road
Cardiff
South Glamorgan
CF23 6PL





REGISTERED NUMBER: 04609341 (England and Wales)





ACCOUNTANTS: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR
Page 1
Sphere Office Solutions Limited (Registered number: 04609341)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
Fixed assets
Tangible assets 4 226 338
Investments 5 102,445 164,166
102,671 164,504

Current assets
Debtors 6 145,152 268,933
Cash at bank 568,809 400,902
713,961 669,835
Creditors
Amounts falling due within one year 7 108,541 155,638
Net current assets 605,420 514,197
Total assets less current liabilities 708,091 678,701

Provisions for liabilities 8,063 6,966
Net assets 700,028 671,735

Capital and reserves
Called up share capital 1 1
Other reserves 42,445 54,166
Retained earnings 657,582 617,568
Shareholders' funds 700,028 671,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 notes form part of these financial statements

Page 2 continued...
Sphere Office Solutions Limited (Registered number: 04609341)

Balance Sheet - continued
31 December 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 April 2019 and were signed by:





G R Ellis - Director


The notes form part of these financial statements

Page 3
Sphere Office Solutions Limited (Registered number: 04609341)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Sphere Office Solutions Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

Page 4 continued...
Sphere Office Solutions Limited (Registered number: 04609341)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 January 2018
and 31 December 2018 8,140
Depreciation
At 1 January 2018 7,802
Charge for year 112
At 31 December 2018 7,914
Net book value
At 31 December 2018 226
At 31 December 2017 338

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.18 31.12.17
£    £   
Investment bond at valuation 164,166 145,517
Disposals (50,000 ) -
Revaluations (11,721 ) 18,649
102,445 164,166

If investments had not been revalued they would have been included at their historic cost of £110,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 97,152 228,933
Other debtors 48,000 40,000
145,152 268,933

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade creditors 72,036 123,655
Taxation and social security 26,407 20,699
Other creditors 10,098 11,284
108,541 155,638

Page 5 continued...
Sphere Office Solutions Limited (Registered number: 04609341)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

8. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £2,054 (2017 : £1,641) owed to Mr G Ellis sole director of the company.
This loan is interest free and repayable within 1 year.

Included within other debtors is a £48,000 loan (2017 : £40,000) to Backstedt Bike Performance Limited, a company in
which Mr Ellis is a director and Sphere Office Solutions Limited is a 33% shareholder. This loan is interest free and
re-payable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is G R Ellis.

Page 6