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Unaudited Financial Statements For The Year Ended 30th November 2019 |
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Spirit Projects Limited |
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Unaudited Financial Statements For The Year Ended 30th November 2019 |
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for |
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Spirit Projects Limited |
Spirit Projects Limited (Registered number: 06426033) |
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Contents of the Financial Statements |
For The Year Ended 30th November 2019 |
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Company Information | 1 |
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Chartered Certified Accountants' Report | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 5 |
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Spirit Projects Limited |
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Company Information |
For The Year Ended 30th November 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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11 King Street |
King's Lynn |
Norfolk |
PE30 1ET |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Spirit Projects Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are |
not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Spirit Projects Limited for the year ended 30th November 2019 which comprise the Statement of Income and |
Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of Spirit Projects Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spirit Projects Limited and state those matters that we have agreed to state to the Board of Directors of Spirit Projects Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Spirit Projects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spirit Projects Limited. You consider that Spirit Projects Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Spirit Projects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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11 King Street |
King's Lynn |
Norfolk |
PE30 1ET |
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Spirit Projects Limited (Registered number: 06426033) |
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Balance Sheet |
30th November 2019 |
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30/11/19 | 30/11/18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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Spirit Projects Limited (Registered number: 06426033) |
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Balance Sheet - continued |
30th November 2019 |
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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
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
on its behalf by: |
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Spirit Projects Limited (Registered number: 06426033) |
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Notes to the Financial Statements |
For The Year Ended 30th November 2019 |
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1. | STATUTORY INFORMATION |
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Spirit Projects Limited is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained |
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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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 year end and that are expected to apply to the reversal of the timing difference. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Spirit Projects Limited (Registered number: 06426033) |
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Notes to the Financial Statements - continued |
For The Year Ended 30th November 2019 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1st December 2018 |
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Additions |
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At 30th November 2019 |
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DEPRECIATION |
At 1st December 2018 |
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Charge for year |
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At 30th November 2019 |
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NET BOOK VALUE |
At 30th November 2019 |
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At 30th November 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/19 | 30/11/18 |
£ | £ |
Trade debtors |
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Other debtors |
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VAT |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/19 | 30/11/18 |
£ | £ |
Trade creditors |
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Corporation tax |
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VAT | 9,687 | - |
Directors' current accounts | 16,694 | 19,183 |
Accrued expenses |
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7. | PROVISIONS FOR LIABILITIES |
30/11/19 | 30/11/18 |
£ | £ |
Deferred tax | 1,565 | 1,200 |
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Deferred |
tax |
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Balance at 1st December 2018 |
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Provided during year |
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Balance at 30th November 2019 |
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Spirit Projects Limited (Registered number: 06426033) |
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Notes to the Financial Statements - continued |
For The Year Ended 30th November 2019 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/11/19 | 30/11/18 |
value: | £ | £ |
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Ordinary £1 Shares | £1 | 1,000 | 1,000 |
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A Ordinary | £1 | 100 | 100 |
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B Ordinary | £1 | 100 | 100 |
1,200 | 1,200 |
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9. | RELATED PARTY DISCLOSURES |
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During the year dividends of £14000 were paid to A Carpenter a director of the company. |
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J R W Groom a director of the company is also proprietor of BSDT. During the year the company paid management |
charges of £8650 (2018 £8650) to BSDT. As at the year end there were no amounts outstanding (2018 - £Nil). |
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10. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mrs C D Groom. |