Sprint Property Acquisitions Ltd
|
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04769916
Sprint Property Acquisitions Ltd
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Sprint Property Acquisitions Ltd
Accountants' Report
For the year ended 31 March 2015
As described in the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
March
2015
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
John Fallows Accountants Ltd
Certified Practising Accountants
13 Lyndhurst Rd
Burnley
Lancashire
BB10 4ED
29 May 2015
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Abbreviated Balance Sheet
|
Sprint Property Acquisitions Ltd
2015
2014
2
15,127
13,227
15,127
13,227
7,622
7,725
81,966
58,514
89,691
66,136
Creditors
:
amounts falling due within one year
|
(18,750)
(11,477)
47,386
78,214
Net current assets
Total assets less current liabilities
|
93,341
60,613
93,341
Net assets
60,613
100
3
100
93,241
60,513
93,341
60,613
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) 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 in accordance with the provisions applicable to companies subject to the small companies regime.
|
Date approved by the board: 29 May 2015
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
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Sprint Property Acquisitions Ltd
For the year ended 31 March 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, exclusive of Value Added Tax and net of trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
|
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
|
Contributions payable are charged to the profit and loss account in the period in which they are payable
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Motor Vehicles
Fixtures and Fittings
Assets on finance lease and hire purchase
|
Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and
|
rewards of ownership have passed to the company
,
are included in the appropriate category of tangible fixed assets
|
and depreciated over the shorter of the lease term and their estimated expected useful lives
.
|
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
Sprint Property Acquisitions Ltd
For the year ended 31 March 2015
34,314
5,732
40,046
21,087
3,832
Charge for year
24,919
15,127
13,227
Allotted called up and fully paid
|
2015
2014
100
Ordinary shares of £
1
.
00
each
|
100
100
100
100
4 of 4