Full Spread Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04129667 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Full Spread Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. A Williams

Mrs. S T Williams

SECRETARY:

Mrs. S T Williams

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

04129667 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

BANKERS:

NatWest Bank plc

Shanklin Branch

PO Box 25

Newport

Isle of Wight

PO30 5WA

FIXED ASSETS

Intangible assets

4

31,462

33,962

Tangible assets

5

24,145

23,515

55,607

57,477

CURRENT ASSETS

Stocks

1,178

1,417

Debtors

6

53,459

42,318

Cash at bank and in hand

2,919

5,002

57,556

48,737

CREDITORS

Amounts falling due within one year

7

76,100

54,901

NET CURRENT LIABILITIES

(18,544

)

(6,164

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,063

51,313

CREDITORS

Amounts falling due after more than one year

8

18,643

21,825

NET ASSETS

18,420

29,488

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

18,418

29,486

SHAREHOLDERS' FUNDS

18,420

29,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 27 November 2017 and were signed on its behalf by:

Mr. A Williams - Director

1.	STATUTORY INFORMATION

Full Spread 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on reducing balance

Stocks

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

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

43,962

AMORTISATION

At 1 January 2016

10,000

Charge for year

2,500

At 31 December 2016

12,500

NET BOOK VALUE

At 31 December 2016

31,462

At 31 December 2015

33,962

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

104,099

Additions

5,362

At 31 December 2016

109,461

DEPRECIATION

At 1 January 2016

80,584

Charge for year

4,732

At 31 December 2016

85,316

NET BOOK VALUE

At 31 December 2016

24,145

At 31 December 2015

23,515

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

37,511

27,090

Other debtors

15,948

15,228

53,459

42,318

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

4,489

4,680

Trade creditors

49,173

31,447

Taxation and social security

10,065

14,699

Other creditors

12,373

4,075

76,100

54,901

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans

8,625

15,903

Hire purchase contracts

4,522

-

Other creditors

5,496

5,922

18,643

21,825