Company Registration No. 05225288 (England and Wales)
Spreyer Brothers Management Limited
Unaudited accounts
for the year ended 28 February 2018
Spreyer Brothers Management Limited
Unaudited accounts
Contents
Spreyer Brothers Management Limited
Company Information
for the year ended 28 February 2018
Directors
K C Spreyer
D J Spreyer
D M Spreyer
Company Number
05225288 (England and Wales)
Registered Office
The Estate Office, Dacliffe Ind Estate
Appledore Road
Woodchurch
Kent
TN26 3TG
Accountants
KSAS Ltd
The Estate Office, Dacliffe Ind. Estate
Appledore Road
Woodchurch
Kent
TN26 3TG
Spreyer Brothers Management Limited
Statement of financial position
as at
28 February 2018
Tangible assets
495
69,759
Cash at bank and in hand
680
8,217
Creditors: amounts falling due within one year
(138,228)
(151,650)
Net current assets
104,419
58,329
Total assets less current liabilities
104,914
128,088
Provisions for liabilities
Deferred tax
(94)
(12,735)
Net assets
104,820
115,353
Called up share capital
99
99
Profit and loss account
104,721
115,254
Shareholders' funds
104,820
115,353
For the year ending 28 February 2018 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 21 November 2018.
D M Spreyer
Director
Company Registration No. 05225288
Spreyer Brothers Management Limited
Notes to the Accounts
for the year ended 28 February 2018
Spreyer Brothers Management Limited is a private company, limited by shares, registered in England and Wales, registration number 05225288. The registered office is The Estate Office, Dacliffe Ind Estate, Appledore Road, Woodchurch, Kent, TN26 3TG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Spreyer Brothers Management Limited
Notes to the Accounts
for the year ended 28 February 2018
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2017
127,851
445
128,296
Disposals
(118,366)
-
(118,366)
At 28 February 2018
9,485
445
9,930
At 1 March 2017
58,212
325
58,537
Charge for the year
135
30
165
On disposals
(49,267)
-
(49,267)
At 28 February 2018
9,080
355
9,435
At 28 February 2018
405
90
495
At 28 February 2017
69,639
120
69,759
Amounts due from group undertakings etc.
-
201,762
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
10,187
10,095
Loans from directors
112,061
119,561
7
Deferred taxation
2018
2017
Accelerated capital allowances
94
12,735
Provision at start of year
12,735
-
(Credited)/charged to the profit and loss account
(12,641)
12,735
Provision at end of year
94
12,735
Spreyer Brothers Management Limited
Notes to the Accounts
for the year ended 28 February 2018
8
Share capital
2018
2017
Allotted, called up and fully paid:
99 Ordinary shares of £1 each
99
99
9
Transactions with related parties
Spreyer Brothers Limited
As at the balance sheet date, Spreyer Brothers Management Limited had outstanding loans of £182,963 (2017: £182,963) due from Spreyer Brothers Limited, a company controlled by common directors and shareholders. This loan is interest free and repayable upon demand.
Spreyer Brothers Leisure Limited
As at the balance sheet date, Spreyer Brothers Management Limited had outstanding loans of £14,594 (2017: -£18,799 due to Spreyer Brothers Leisure Limited, a company controlled by common directors and shareholders. This loan is interest free and repayable upon demand.
Spreyer Holiday Parks Limited
As at the balance sheet date, Spreyer Brothers Management Limited had outstanding loans of £59,004 (2017: £0) due from Spreyer Holiday Parks Limited, a company controlled by common directors and shareholders. This loan is interest free and repayable upon demand.
10
Average number of employees
During the year the average number of employees was 3 (2017: 3).