SPK Sales & Marketing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06673706 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st January 2021

for

SPK Sales & Marketing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S P King

REGISTERED OFFICE:

28A Church Lane

Marple

Stockport

SK6 6DE

REGISTERED NUMBER:

06673706 (England and Wales)

ACCOUNTANTS:

Paul Summers & Co

28A Church Lane

Marple

Stockport

Cheshire

SK6 6DE

FIXED ASSETS

Tangible assets

4

1,250

1,509

CURRENT ASSETS

Stocks

408,888

490,000

Debtors

5

951,906

668,173

Cash at bank

88,263

131,303

1,449,057

1,289,476

CREDITORS

Amounts falling due within one year

6

(1,150,973

)

(1,048,309

)

NET CURRENT ASSETS

298,084

241,167

TOTAL ASSETS LESS CURRENT LIABILITIES

299,334

242,676

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

299,234

242,576

SHAREHOLDERS' FUNDS

299,334

242,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2021 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 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 director and authorised for issue on 23rd April 2021 and were signed by:

S P King - Director

1.	STATUTORY INFORMATION

SPK Sales & Marketing 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2020

6,147

Additions

159

At 31st January 2021

6,306

DEPRECIATION

At 1st February 2020

4,638

Charge for year

418

At 31st January 2021

5,056

NET BOOK VALUE

At 31st January 2021

1,250

At 31st January 2020

1,509

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/21

31/1/20

£

£

Trade debtors

943,247

668,173

Other debtors

8,659

-

951,906

668,173

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/21

31/1/20

£

£

Bank loans and overdrafts

-

40,876

Trade creditors

658,283

617,279

Taxation and social security

402,957

366,243

Other creditors

89,733

23,911

1,150,973

1,048,309

7.

RESERVES

Retained

earnings

£

At 1st February 2020

242,576

Profit for the year

97,658

Dividends

(41,000

)

At 31st January 2021

299,234

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by its director S P King.