Accounts filed on 31-12-2017

Accounts filed on 31-12-2017

THE SPITTING PIG COMPANY LTD - Company Information

Print Friendly Version

06824485falseCatering and catering equipment2017-04-012017-12-31http://www.companieshouse.gov.uk/2017-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2017-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2017-03-31http://www.companieshouse.gov.uk/cd:Director12017-04-012017-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2017-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2017-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2017-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2017-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2017-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12017-04-012017-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2017-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2017-04-012017-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2017-04-012017-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2017-04-012017-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2017-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2017-03-31http://www.companieshouse.gov.uk/2017-04-012017-12-31http://www.companieshouse.gov.uk/2017-03-31http://www.companieshouse.gov.uk/cd:FRS1022017-04-012017-12-31http://www.companieshouse.gov.uk/2017-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2017-04-012017-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2017-04-012017-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06824485
The Spitting Pig Company Limited
ACCOUNTS
FOR THE 275 DAY PERIOD ENDED 31/12/2017
Prepared By:
JS Accountancy
Chartered Certified Accountant / Rural Business Advisor
PO Box 199
Clitheroe
Lancashire
BB7 0EN
The Spitting Pig Company Limited
ACCOUNTS
FOR THE 275 DAY PERIOD ENDED 31/12/2017
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
Chartered Certified Accountant / Rural Business Advisor
PO Box 199
Clitheroe
Lancashire
BB7 0EN
The Spitting Pig Company Limited
ACCOUNTS
FOR THE275 DAY PERIODENDED31/12/2017
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
The Spitting Pig Company Limited
BALANCE SHEET AT 31/12/2017
20172017
Notes££
FIXED ASSETS
Intangible assets215,8608,810
Tangible assets348,81042,499
64,67051,309
CURRENT ASSETS
Stock2,5002,500
Debtors54,60935,449
Cash at bank and in hand13,34392,460
20,452130,409
CREDITORS: Amounts falling due within one year6116,563149,128
NET CURRENT LIABILITIES(96,111)(18,719)
TOTAL ASSETS LESS CURRENT LIABILITIES(31,441)32,590
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account(31,442)32,589
SHAREHOLDERS' FUNDS(31,441)32,590
For the year ending 31/12/2017 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 28/09/2018 and signed on their behalf by
.............................
Stephen H Marsden
Director
The Spitting Pig Company Limited
NOTES TO THE ACCOUNTS
FOR THE 275 DAY PERIOD ENDED 31/12/2017
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 Machinerystraight line20%
Commercial Vehiclesreducing 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. The pension charge represents the amounts payable by the company to the fund in respect of the year.
The Spitting Pig Company Limited
2. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 01/04/2017158,425158,425
Additions16,88316,883
At 31/12/2017175,308175,308
Depreciation
At 01/04/2017149,615149,615
For the 275 day period9,8339,833
At 31/12/2017159,448159,448
Net Book Amounts
At 31/12/201715,86015,860
At 31/03/20178,8108,810
3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/04/201745,76443,04288,806
Additions18,317-18,317
At 31/12/201764,08143,042107,123
Depreciation
At 01/04/201721,06625,24146,307
For the 275 day period8,6663,34012,006
At 31/12/201729,73228,58158,313
Net Book Amounts
At 31/12/201734,34914,46148,810
At 31/03/201724,69817,80142,499
4. STOCK 20172017
££
Stock comprises:
Stock2,5002,500
2,5002,500
The Spitting Pig Company Limited
5. DEBTORS 20172017
££
Amounts falling due within one year
Trade debtors(11,720)(7,473)
Other debtors11,44415,944
Prepayments3,4932,904
Directors current account1,39223,847
4,60935,222
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20172017
££
UK corporation tax-24,782
VAT12,41414,469
PAYE control6,2085,771
Credit card243733
Hire purchase2,22511,851
Trade creditors54,58053,626
Catering deposits held6,6601,472
Pension schemes212-
Accruals6,3453,829
Franchise renewals paid in advance27,67632,595
116,563149,128
7. EMPLOYEES
20172017
No.No.
Average number of employees76
8. SHARE CAPITAL 20172017
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11