Full Spread Limited - Accounts to registrar (filleted) - small 18.2

Full Spread Limited - Accounts to registrar (filleted) - small 18.2

FULL SPREAD LIMITED - Company Information

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REGISTERED NUMBER: 04129667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Full Spread Limited
Full Spread Limited (Registered number: 04129667)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Full Spread Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: A Williams
Mrs. S T Williams



REGISTERED OFFICE: 16c Sandown Road
Lake
Isle of Wight
PO36 9JP



REGISTERED NUMBER: 04129667 (England and Wales)



ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP



BANKERS: NatWest Bank plc
Shanklin Branch
PO Box 25
Newport
Isle of Wight
PO30 5WA
Page 1
Full Spread Limited (Registered number: 04129667)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,962 21,462
Tangible assets 5 16,994 17,827
35,956 39,289

CURRENT ASSETS
Stocks 2,796 1,600
Debtors 6 17,447 12,285
Cash at bank and in hand 29,434 17,527
49,677 31,412
CREDITORS
Amounts falling due within one year 7 62,112 67,922
NET CURRENT LIABILITIES (12,435 ) (36,510 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
23,521
2,779

CREDITORS
Amounts falling due after more than one
year
8
2,596
2,596
NET ASSETS 20,925 183

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 20,923 181
SHAREHOLDERS' FUNDS 20,925 183

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 notes form part of these financial statements

Page 2 continued...
Full Spread Limited (Registered number: 04129667)

Balance Sheet - continued
31 December 2021


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 30 September 2022 and were signed on its behalf by:





Mrs. S T Williams - Director


The notes form part of these financial statements

Page 3
Full Spread Limited (Registered number: 04129667)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Full Spread 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 43,962
AMORTISATION
At 1 January 2021 22,500
Charge for year 2,500
At 31 December 2021 25,000
NET BOOK VALUE
At 31 December 2021 18,962
At 31 December 2020 21,462

Page 4 continued...
Full Spread Limited (Registered number: 04129667)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 117,596
Additions 1,549
At 31 December 2021 119,145
DEPRECIATION
At 1 January 2021 99,769
Charge for year 2,382
At 31 December 2021 102,151
NET BOOK VALUE
At 31 December 2021 16,994
At 31 December 2020 17,827

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 7,464 6,735
Other debtors 9,983 5,550
17,447 12,285

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 21,935 24,589
Trade creditors 12,246 24,155
Taxation and social security 21,253 16,372
Other creditors 6,678 2,806
62,112 67,922

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Other creditors 2,596 2,596

Page 5