Accounts filed on 31-03-2017


Registered number: 06824485






The Spitting Pig Company Limited


ACCOUNTS

FOR THE YEAR ENDED 31/03/2017
























Prepared By:
JS Accountancy (Northwest) Limited
Chartered Certified Accountants / Farm & Rural Business Advisers
PO Box 199
Clitheroe
Lancashire
BB7 0EN


The Spitting Pig Company Limited


ACCOUNTS
FOR THE YEAR ENDED 31/03/2017





DIRECTORS
Stephen H Marsden


REGISTERED OFFICE
112 Manchester Road
Burnley
Lancashire
BB11 4HS


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06824485



ACCOUNTANTS
JS Accountancy (Northwest) Limited
Chartered Certified Accountants / Farm & Rural Business Advisers
PO Box 199
Clitheroe
Lancashire
BB7 0EN


ACCOUNTS
FOR THEYEARENDED31/03/2017



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Intangible assets	2		8,810		19,426
Tangible assets	3		42,499		44,732

			51,309		64,158

CURRENT ASSETS
Stock		2,500		5,775
Debtors	5	35,450		45,274
Cash at bank and in hand		92,460		171,657
		130,410		222,706
CREDITORS: Amounts falling due within one year	6	149,129		123,968
NET CURRENT (LIABILITIES) / ASSETS			(18,719)		98,738
TOTAL ASSETS LESS CURRENT LIABILITIES			32,590		162,896

CAPITAL AND RESERVES

Called up share capital	8		1		1
Profit and loss account			32,589		162,895
SHAREHOLDERS' FUNDS			32,590		162,896

For the year ending 31/03/2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 19/12/2017 and signed on their behalf by



.............................
Stephen H Marsden
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant And Machinery		straight line20%
Commercial Vehicles		reducing balance25%




1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.




1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1e. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




1f. Taxation
Corporation tax payable is provided on taxable profits at the current rates.




5. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	(7,472)	30,385
Other debtors	16,171	11,944
Prepayments	2,904	2,945
Directors current account	23,847	-
	35,450	45,274




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	24,782	24,652
VAT	14,469	15,781
PAYE control	5,771	4,968
Directors current account	-	1,136
Hire purchase	11,851	24,685
Trade creditors	53,626	22,577
Other creditors	2,205	4,834
Accruals	36,425	25,335
	149,129	123,968




8. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each	1	1
	1	1