Spicetech UK Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04506333 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2018

for

Spicetech UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Preece

REGISTERED OFFICE:

MF6 Calico House,

Furness Vale Business Centre

Calico House

Furness Vale

High Peak

SK23 7SW

REGISTERED NUMBER:

04506333 (England and Wales)

ACCOUNTANTS:

Paul Summers & Co

28A Church Lane

Marple

Stockport

Cheshire

SK6 6DE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,758

3,447

2,758

3,447

CURRENT ASSETS

Stocks

6

2,475

9,592

Debtors

7

51,523

13,434

Cash at bank and in hand

66,637

87,102

120,635

110,128

CREDITORS

Amounts falling due within one year

8

(70,953

)

(44,497

)

NET CURRENT ASSETS

49,682

65,631

TOTAL ASSETS LESS CURRENT LIABILITIES

52,440

69,078

CAPITAL AND RESERVES

Called up share capital

9

3

3

Retained earnings

10

52,437

69,075

SHAREHOLDERS' FUNDS

52,440

69,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 14th November 2018 and were signed by:

G Preece - Director

1.	STATUTORY INFORMATION

Spicetech UK 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 2003, is being amortised evenly over its estimated useful life of ten years.

Goodwill arising on the acquisition of businesses, represents the excess of the fair value of

consideration over the fair value of identifiable assets and liabilities acquired.

Goodwill is amortised in equal instalments over its estimated useful life, except where it has been

identified as impaired in the period, in which case it is written down as appropriate.

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.

Fixtures and fittings

-

20% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2017

and 31st March 2018

10,000

AMORTISATION

At 1st April 2017

and 31st March 2018

10,000

NET BOOK VALUE

At 31st March 2018

-

At 31st March 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2017

and 31st March 2018

11,617

4,654

16,271

DEPRECIATION

At 1st April 2017

10,552

2,272

12,824

Charge for year

213

476

689

At 31st March 2018

10,765

2,748

13,513

NET BOOK VALUE

At 31st March 2018

852

1,906

2,758

At 31st March 2017

1,065

2,382

3,447

6.

STOCKS

31/3/18

31/3/17

£

£

Stocks

2,475

9,592

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Trade debtors

46,142

4,090

Other debtors

5,381

9,344

51,523

13,434

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Trade creditors

52,338

7,166

Taxation and social security

1,127

18,981

Other creditors

17,488

18,350

70,953

44,497

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/18

31/3/17

value:

£

£

3

Ordinary

£1

3

3

10.

RESERVES

Retained

earnings

£

At 1st April 2017

69,075

Deficit for the year

(11,638

)

Dividends

(5,000

)

At 31st March 2018

52,437