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 2020

for

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






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Full Spread Limited


Company Information
for the Year Ended 31 December 2020







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 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,462 23,962
Tangible assets 5 17,827 20,462
39,289 44,424

CURRENT ASSETS
Stocks 1,600 1,466
Debtors 6 12,285 12,402
Cash at bank and in hand 17,527 18,802
31,412 32,670
CREDITORS
Amounts falling due within one year 7 67,922 69,817
NET CURRENT LIABILITIES (36,510 ) (37,147 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,779
7,277

CREDITORS
Amounts falling due after more than one
year
8
2,596
2,596
NET ASSETS 183 4,681

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 181 4,679
SHAREHOLDERS' FUNDS 183 4,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 2020


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 29 September 2021 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 2020

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 10 (2019 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2020
and 31 December 2020 43,962
AMORTISATION
At 1 January 2020 20,000
Charge for year 2,500
At 31 December 2020 22,500
NET BOOK VALUE
At 31 December 2020 21,462
At 31 December 2019 23,962

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


Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020
and 31 December 2020 117,596
DEPRECIATION
At 1 January 2020 97,134
Charge for year 2,635
At 31 December 2020 99,769
NET BOOK VALUE
At 31 December 2020 17,827
At 31 December 2019 20,462

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade debtors 6,735 4,825
Other debtors 5,550 7,577
12,285 12,402

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Bank loans and overdrafts 24,589 5,182
Trade creditors 24,155 46,371
Taxation and social security 16,372 12,620
Other creditors 2,806 5,644
67,922 69,817

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.20 31.12.19
£    £   
Other creditors 2,596 2,596

Page 5