Abbreviated Company Accounts - SPRITE CONTRACTS LIMITED

SPRITE CONTRACTS LIMITED - Company Information

03510530 SPRITE CONTRACTS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 03510530 2015-04-01 2016-03-31 03510530 2016-03-31 03510530 2015-03-31 03510530 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 03510530 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 03510530

SPRITE CONTRACTS LIMITED

Abbreviated Accounts

31 March 2016

SPRITE CONTRACTS LIMITED Registered Number 03510530

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	22,650	29,250
		22,650	29,250
Current assets
Stocks		1,240	1,610
Debtors		40,614	57,508
Cash at bank and in hand		11,889	12,061
		53,743	71,179
Net current assets (liabilities)		53,743	71,179
Total assets less current liabilities		76,393	100,429
Creditors: amounts falling due after more than one year		(73,213)	(95,956)
Total net assets (liabilities)		3,180	4,473
Capital and reserves
Called up share capital	3	1,800	1,800
Profit and loss account		1,380	2,673
Shareholders' funds		3,180	4,473

For the year ending 31 March 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 May 2016

And signed on their behalf by:
J A Stevenson, Director

SPRITE CONTRACTS LIMITED Registered Number 03510530

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and Include the results of the Company's operations which are described in the Director’s Report and all of which are continuing.

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the
grounds that it is a small Company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.

Tangible/Intangible Fixed Assets and Depreciation

Fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Equipment 10% Straight Line Basis
Goodwill 10% Straight Line Basis
Motor Vehicles 20% Straight Line Basis

Stocks and Work in Progress

Stocks are valued at the lower cost and net realisable value after making due allowances for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred Taxation

No provision is necessary

2Tangible fixed assets

	£
Cost
At 1 April 2015	65,785
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	65,785
Depreciation
At 1 April 2015	36,535
Charge for the year	6,600
On disposals	-
At 31 March 2016	43,135
Net book values
At 31 March 2016	22,650
At 31 March 2015	29,250

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,800 Ordinary shares of £1 each (1,088 shares for 2015)	1,800	1,088