Spex Capital Ltd

Spex Capital Ltd

SPEX CAPITAL LTD - Company Information

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14 January 2021 false Taxfiler 2022.10 13132952business:PrivateLimitedCompanyLtd2021-01-142022-03-31 131329522021-01-13 131329522021-01-142022-03-31 13132952business:AuditExemptWithAccountantsReport2021-01-142022-03-31 13132952business:FullAccounts2021-01-142022-03-31 131329522022-03-31 13132952business:Director12021-01-142022-03-31 13132952business:Director22021-01-142022-03-31 13132952business:RegisteredOffice2021-01-142022-03-31 13132952core:WithinOneYear2022-03-31 13132952core:ShareCapital2022-03-31 13132952core:RetainedEarningsAccumulatedLosses2022-03-31 13132952business:SmallEntities2021-01-142022-03-31 13132952countries:EnglandWales2021-01-142022-03-31 13132952core:ComputerEquipment2021-01-142022-03-31 13132952core:FurnitureFittings2021-01-13 13132952core:ComputerEquipment2021-01-13 13132952core:FurnitureFittings2021-01-142022-03-31 13132952core:FurnitureFittings2022-03-31 13132952core:ComputerEquipment2022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13132952 (England and Wales)
Spex Capital Ltd Unaudited accounts for the period from 14 January 2021 to 31 March 2022
Spex Capital Ltd Unaudited accounts Contents
Page
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Spex Capital Ltd Company Information for the period from 14 January 2021 to 31 March 2022
Directors
Mr C D Angelo Mr J C Pittam
Company Number
13132952 (England and Wales)
Registered Office
Albany House Claremont lane Esher Surrey KT10 9FQ England
Accountants
Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ
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Spex Capital Ltd Statement of financial position as at 31 March 2022
2022 
Notes
£ 
Fixed assets
Tangible assets
4
915 
Current assets
Debtors
5
58,392 
Cash at bank and in hand
8,973 
67,365 
Creditors: amounts falling due within one year
6
(228,974)
Net current liabilities
(161,609)
Net liabilities
(160,694)
Capital and reserves
Called up share capital
50,000 
Profit and loss account
(210,694)
Shareholders' funds
(160,694)
For the period ending 31 March 2022 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2022 and were signed on its behalf by
Mr C D Angelo Director Company Registration No. 13132952
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Spex Capital Ltd Notes to the Accounts for the period from 14 January 2021 to 31 March 2022
1
Statutory information
Spex Capital Ltd is a private company, limited by shares, registered in England and Wales, registration number 13132952. The registered office is Albany House, Claremont lane, Esher, Surrey, KT10 9FQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling and rounded to the nearest £.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Computer equipment
25% Straight line
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Spex Capital Ltd Notes to the Accounts for the period from 14 January 2021 to 31 March 2022
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 14 January 2021
- 
- 
- 
Additions
766 
441 
1,207 
At 31 March 2022
766 
441 
1,207 
Depreciation
Charge for the period
191 
101 
292 
At 31 March 2022
191 
101 
292 
Net book value
At 31 March 2022
575 
340 
915 
5
Debtors
2022 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,508 
Other debtors
55,884 
58,392 
6
Creditors: amounts falling due within one year
2022 
£ 
Trade creditors
9,772 
Taxes and social security
100 
Other creditors
55 
Loans from directors
217,909 
Accruals
1,138 
228,974 
7
Average number of employees
During the period the average number of employees was 2.
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