Company Registration No. 07129647 (England and Wales)
SPERAVI LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
SPERAVI LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SPERAVI LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
211
423
Current assets
Debtors
182
-
Cash at bank and in hand
642
9,016
824
9,016
Creditors: amounts falling due within one year
(1,510)
(3,832)
Net current liabilities/(assets)
(686)
5,184
Total assets less current liabilities
(475)
5,607
Provisions for liabilities
(43)
(85)
(518)
5,522
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(618)
5,422
Shareholders' funds
(518)
5,522
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 December 2016
Mr R F Brumby
Director
Company Registration No. 07129647
SPERAVI LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The
accounts have ben prepared on a going concern basis as at the Balance Sheet date the liabilities exceeded the assets.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts received as fees.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% on the straight line
Fixtures, fittings & equipment
33% on the straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
2,931
Depreciation
At 1 April 2015
2,508
Charge for the year
212
At 31 March 2016
2,720
Net book value
At 31 March 2016
211
At 31 March 2015
423
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
SPERAVI LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr R F Brumby - Loan
-
900
2,722
-
3,300
322
900
2,722
-
3,300
322