Spindles Concrete Pumping Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11904716 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Spindles Concrete Pumping Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L R Kearns

REGISTERED OFFICE:

97 Leigh Road

Eastleigh

Hampshire

SO50 9DR

REGISTERED NUMBER:

11904716 (England and Wales)

ACCOUNTANTS:

Accounting Innovations Limited

97 Leigh Road

Eastleigh

Hampshire

SO50 9DR

FIXED ASSETS

Intangible assets

4

6,000

8,000

Tangible assets

5

14,625

-

20,625

8,000

CURRENT ASSETS

Debtors

6

46,759

23,130

Prepayments and accrued income

-

176

Cash at bank

16,252

29,414

63,011

52,720

CREDITORS

Amounts falling due within one year

7

37,022

52,123

NET CURRENT ASSETS

25,989

597

TOTAL ASSETS LESS CURRENT LIABILITIES

46,614

8,597

CREDITORS

Amounts falling due after more than one year

8

40,625

-

NET ASSETS

5,989

8,597

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,889

8,497

SHAREHOLDERS' FUNDS

5,989

8,597

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 May 2022 and were signed by:

L R Kearns - Director

1.	STATUTORY INFORMATION

Spindles Concrete Pumping 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 2019, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery etc

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

10,000

AMORTISATION

At 1 April 2020

2,000

Charge for year

2,000

At 31 March 2021

4,000

NET BOOK VALUE

At 31 March 2021

6,000

At 31 March 2020

8,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

10

Additions

19,500

At 31 March 2021

19,510

DEPRECIATION

At 1 April 2020

10

Charge for year

4,875

At 31 March 2021

4,885

NET BOOK VALUE

At 31 March 2021

14,625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

-

21,303

Amounts owed by group undertakings

45,000

-

Other debtors

1,759

1,827

46,759

23,130

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

4,375

-

Trade creditors

-

4,698

Taxation and social security

2,303

19,543

Other creditors

30,344

27,882

37,022

52,123

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

40,625

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,625

-