Spur Networks Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10014502 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2017 TO 31 MARCH 2018

FOR

SPUR NETWORKS LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A P J Cowdell

Mr G R L Fysh

Mr J E M Turner

REGISTERED OFFICE:

Holcombe Mill

The Spring Mill Estate

Nailsworth

Gloucestershire

GL6 0BS

REGISTERED NUMBER:

10014502 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Old Station House

Station Approach

Newport Street

Swindon

Wiltshire

SN1 3DU

FIXED ASSETS

Tangible assets

4

486

-

CURRENT ASSETS

Debtors

8,749

47,700

Cash at bank

11,885

17,831

20,634

65,531

CREDITORS

Amounts falling due within one year

49,989

41,959

NET CURRENT (LIABILITIES)/ASSETS

(29,355

)

23,572

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,869

)

23,572

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

(30,869

)

21,572

SHAREHOLDERS' FUNDS

(28,869

)

23,572

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the period ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 29 January 2019 and were signed on its behalf by:

Mr J E M Turner - Director

Mr A P J Cowdell - Director

Mr G R L Fysh - Director

1.	STATUTORY INFORMATION

Spur Networks 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.

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

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the statement of financial position date. Transactions in foreign currencies are translated into

sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into

account in arriving at the operating result.

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 period was 3 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

729

At 31 March 2018

729

DEPRECIATION

Charge for period

243

At 31 March 2018

243

NET BOOK VALUE

At 31 March 2018

486

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 31 March 2018

and 28 February 2017:

2018

2017

£

£

Mr A P J Cowdell

Balance outstanding at start of period

8,565

-

Amounts advanced

-

12,165

Amounts repaid

(8,565

)

(3,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

8,565

Mr J E M Turner

Balance outstanding at start of period

(2,600

)

-

Amounts advanced

2,600

1,000

Amounts repaid

-

(3,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

(2,600

)