Spike Ltd - Limited company - abbreviated - 11.6

Spike Ltd - Limited company - abbreviated - 11.6

SPIKE LTD. - Company Information

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REGISTERED NUMBER: 03073569 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Spike Ltd

Spike Ltd (Registered number: 03073569)

Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

Spike Ltd (Registered number: 03073569)

Abbreviated Balance Sheet
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 624 832

CURRENT ASSETS
Debtors 118 4,367
Cash at bank 1,998 417
2,116 4,784
CREDITORS
Amounts falling due within one year 12,083 15,139
NET CURRENT LIABILITIES (9,967 ) (10,355 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(9,343		 )
(9,523		 )

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (9,443 ) (9,623 )
SHAREHOLDERS' FUNDS (9,343 ) (9,523 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 notes form part of these abbreviated accounts

Page 1
Spike Ltd (Registered number: 03073569)

Abbreviated Balance Sheet - continued
31 March 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 16 December 2014 and were signed on its behalf
by:




Mr M W Lawson - Director



Ms D O'Brien - Director


The notes form part of these abbreviated accounts

Page 2
Spike Ltd (Registered number: 03073569)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 25% - 50% on reducing balance

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 15,460
DEPRECIATION
At 1 April 2013 14,628
Charge for year 208
At 31 March 2014 14,836
NET BOOK VALUE
At 31 March 2014 624
At 31 March 2013 832

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end and included within other creditors is an amount due to the directors, Mr M Lawson and Ms D
O'Brien, amounting to £11,583 (2013 - £12,975).

This loan is interest-free and repayable on demand.

Page 3
Spike Ltd (Registered number: 03073569)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014


5. GOING CONCERN

In determining the appropriate basis of preparation of the financial statements, the directors are required to
consider whether the Company can continue in operational existence for at least the next 12 months.

During the period the company made a net profit of £180 and, at the balance sheet date, the company's total
liabilities exceeded its total assets by £9,343.

Having made requisite enquires, the directors are confident that the company has adequate resources to continue
its operations for the foreseeable future. Part of the company's liabilities are monies due to Mr M Lawson and
Ms D O'Brien, shareholders and directors of the company, amounting to £11,583. They have confirmed that
they will not call on these outstanding monies and will continue their support of the business.

Following a detailed and comprehensive review of the business, the Directors have no reason or intention to
liquidate the company or cease its trading activities over the foreseeable future.

In conclusion, and considering the areas described above, the directors are confident that the Company has
adequate resources to continue in operational existence for the foreseeable future. For these reasons, the
directors consider it appropriate they continue to prepare the financial statements on a going concern basis.
These financial statements do not include any adjustments that would result from the going concern basis of
preparation being inappropriate.

Page 4