Abbreviated Company Accounts - SPRITE CONTRACTS LIMITED

SPRITE CONTRACTS LIMITED - Company Information

03510530 SPRITE CONTRACTS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 03510530 2014-04-01 2015-03-31 03510530 2015-03-31 03510530 2014-03-31 03510530 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 03510530 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 03510530

SPRITE CONTRACTS LIMITED

Abbreviated Accounts

31 March 2015

SPRITE CONTRACTS LIMITED Registered Number 03510530

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	29,250	34,400
		29,250	34,400
Current assets
Stocks		1,610	1,470
Debtors		57,508	23,339
Cash at bank and in hand		12,061	12,846
		71,179	37,655
Creditors: amounts falling due within one year		(95,956)	(65,424)
Net current assets (liabilities)		(24,777)	(27,769)
Total assets less current liabilities		4,473	6,631
Total net assets (liabilities)		4,473	6,631
Capital and reserves
Called up share capital	3	1,800	1,800
Profit and loss account		2,673	4,831
Shareholders' funds		4,473	6,631

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 May 2015

And signed on their behalf by:
J A Stevenson, Director

SPRITE CONTRACTS LIMITED Registered Number 03510530

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and Include the results of the Company's operations which are described in the Director’s Report and all of which are continuing.

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the
grounds that it is a small Company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation.

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 bases:

Goodwill 10% Straight Line Basis
Motor Vehicle 20% Straight Line Basis
Plant and Equipment 10% Straight Line Basis

Stocks and Work in Progress

Stocks are valued at the lower cost and net realisable value after making due allowances for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred Taxation

No provision is necessary

2Tangible fixed assets

	£
Cost
At 1 April 2014	64,335
Additions	1,450
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	65,785
Depreciation
At 1 April 2014	29,935
Charge for the year	6,600
On disposals	-
At 31 March 2015	36,535
Net book values
At 31 March 2015	29,250
At 31 March 2014	34,400

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,800 Ordinary shares of £1 each	1,800	1,800