Spire Business Communications Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 04363053 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017

FOR

SPIRE BUSINESS COMMUNICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Valentine

D Ross

REGISTERED OFFICE:

4 Eltric Road

Worcester

WR3 7NU

REGISTERED NUMBER:

04363053 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

6,303

8,431

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

5

45,554

23,243

Cash at bank

1

1

47,555

25,244

CREDITORS

Amounts falling due within one year

6

53,542

33,529

NET CURRENT LIABILITIES

(5,987

)

(8,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

316

146

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

314

144

SHAREHOLDERS' FUNDS

316

146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8th August 2017 and were signed on its behalf by:

P J Valentine - Director

D Ross - Director

1.	STATUTORY INFORMATION

Spire Business Communications 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2016

8,000

4,583

12,583

Additions

-

1,296

1,296

At 31st March 2017

8,000

5,879

13,879

DEPRECIATION

At 1st April 2016

2,640

1,512

4,152

Charge for year

1,769

1,655

3,424

At 31st March 2017

4,409

3,167

7,576

NET BOOK VALUE

At 31st March 2017

3,591

2,712

6,303

At 31st March 2016

5,360

3,071

8,431

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

28,249

12,060

Amounts owed by associates

2,224

1,174

Other debtors

15,081

10,009

45,554

23,243

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

9,912

6,252

Trade creditors

23,844

15,637

Taxation and social security

5,680

250

Other creditors

14,106

11,390

53,542

33,529

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2017 and

31st March 2016:

2017

2016

£

£

D Ross

Balance outstanding at start of year

6,990

-

Amounts advanced

17,590

6,990

Amounts repaid

(9,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,080

6,990