Spriggs & Co Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08593162 (England and Wales)

Financial Statements for the Year Ended 31st July 2020

for

Spriggs & Co Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R H Spriggs

Mrs J Spriggs

REGISTERED OFFICE:

300 High Road

Whaplode

Spalding

Lincolnshire

PE12 6TG

REGISTERED NUMBER:

08593162 (England and Wales)

ACCOUNTANTS:

Spriggs & Co Limited

Chartered Certified Accountants

300 High Road

Whaplode

Spalding

Lincolnshire

PE12 6TG

FIXED ASSETS

Intangible assets

4

8,240

-

Tangible assets

5

4,914

5,479

13,154

5,479

CURRENT ASSETS

Debtors

6

4,224

6,891

Cash at bank and in hand

25,067

8,342

29,291

15,233

CREDITORS

Amounts falling due within one year

7

14,894

18,540

NET CURRENT ASSETS/(LIABILITIES)

14,397

(3,307

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,551

2,172

CREDITORS

Amounts falling due after more than one year

8

20,000

-

NET ASSETS

7,551

2,172

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

7,351

1,972

SHAREHOLDERS' FUNDS

7,551

2,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th February 2021 and were signed on its behalf by:

R H Spriggs - Director

Mrs J Spriggs - Director

1.	STATUTORY INFORMATION

Spriggs & Co 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

10,300

At 31st July 2020

10,300

AMORTISATION

Charge for year

2,060

At 31st July 2020

2,060

NET BOOK VALUE

At 31st July 2020

8,240

5.	TANGIBLE FIXED ASSETS

Computer

and

office

equipment

£

COST

At 1st August 2019

12,382

Additions

663

At 31st July 2020

13,045

DEPRECIATION

At 1st August 2019

6,903

Charge for year

1,228

At 31st July 2020

8,131

NET BOOK VALUE

At 31st July 2020

4,914

At 31st July 2019

5,479

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Trade debtors

3,401

5,895

Other debtors

823

996

4,224

6,891

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Payments on account

964

2,472

Taxation and social security

4,412

1,394

Other creditors

9,518

14,674

14,894

18,540

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.20

31.7.19

£

£

Bank loans

20,000

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.20

31.7.19

value:

£

£

200

Ordinary

1

200

200