Spirit Projects Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06426033 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

SPIRIT PROJECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J R W Groom

A Carpenter

SECRETARY:

Mrs C Groom

REGISTERED OFFICE:

14 Gayton Road

Ashwicken

Kings Lynn

Norfolk

PE32 1LS

REGISTERED NUMBER:

06426033 (England and Wales)

ACCOUNTANTS:

Burrells Accountancy Limited

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

BANKERS:

Barclays Bank plc

91-92 High Street

Kings Lynn

Norfolk

PE30 1BL

FIXED ASSETS

Tangible assets

2

3,892

4,992

CURRENT ASSETS

Debtors

27,762

39,077

Cash at bank

22,578

6,551

50,340

45,628

CREDITORS

Amounts falling due within one year

47,582

39,307

NET CURRENT ASSETS

2,758

6,321

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,650

11,313

PROVISIONS FOR LIABILITIES

800

870

NET ASSETS

5,850

10,443

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

4,850

9,443

SHAREHOLDERS' FUNDS

5,850

10,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 August 2016 and were signed on its
behalf by:

J R W Groom - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

9,538

Additions

2,426

Disposals

(6,318

)

At 30 November 2015

5,646

DEPRECIATION

At 1 December 2014

4,546

Charge for year

3,526

Eliminated on disposal

(6,318

)

At 30 November 2015

1,754

NET BOOK VALUE

At 30 November 2015

3,892

At 30 November 2014

4,992

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

1,000

Ordinary £1 Shares

£1

1,000