SPRIGGS_&_CO_LIMITED - Accounts

SPRIGGS & CO LIMITED - Company Information

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Company Registration No. 8593162 (England and Wales)

SPRIGGS & CO LIMITED

ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

SPRIGGS & CO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SPRIGGS & CO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,159

3,029

Current assets

Debtors

5,185

4,740

Cash at bank and in hand

1,761

3,840

6,946

8,580

Creditors: amounts falling due within one year

(5,403)

(9,487)

Net current assets/(liabilities)

1,543

(907)

Total assets less current liabilities

4,702

2,122

Provisions for liabilities

(357)

(271)

4,345

1,851

Capital and reserves

Called up share capital

200

Profit and loss account

4,145

1,850

Shareholders' funds

4,345

1,851

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 2 March 2017

Mrs J Spriggs

Director

Company Registration No. 8593162

SPRIGGS & CO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and computer equipment 20% per annum on a reducing balance basis.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Fixed assets

Tangible assets

Cost

At 1 August 2015

4,554

Additions

920

At 31 July 2016

5,474

Depreciation

At 1 August 2015

1,525

Charge for the year

790

At 31 July 2016

2,315

Net book value

At 31 July 2016

3,159

At 31 July 2015

3,029

SPRIGGS & CO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

Ordinary shares of £1 each

200