Company Registration No. 09805523 (England and Wales)
SPRING IT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2016
SPRING IT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SPRING IT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
440
Current assets
Debtors
15,388
Cash at bank and in hand
10,274
25,662
Creditors: amounts falling due within one year
(17,353)
Net current assets
8,309
Total assets less current liabilities
8,749
Capital and reserves
Called up share capital
3
100
Profit and loss account
8,649
Shareholders' funds
8,749
For the financial Period ended 31 October 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 Period in question in accordance with section 476;
-
The director acknowledges his 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 for issue on 1 March 2017
C Newiss
Director
Company Registration No. 09805523
SPRING IT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 OCTOBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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:
Computer equipment
33% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 2 October 2015
-
Additions
666
At 31 October 2016
666
Depreciation
At 2 October 2015
-
Charge for the period
226
At 31 October 2016
226
Net book value
At 31 October 2016
440
3
Share capital
2016
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
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