Company Registration No. 08757572 (England and Wales)
Spearhead Compliance Training Ltd
Unaudited accounts
for the year ended 30 November 2017
Spearhead Compliance Training Ltd
Unaudited accounts
Contents
Spearhead Compliance Training Ltd
Company Information
for the year ended 30 November 2017
Directors
Mr John Loveday
Mr Paul Hood
Company Number
08757572 (England and Wales)
Registered Office
PO Box B2 5TJ, 1st Floor
Wellington House, 31-34 Waterloo Street
Birmingham
B2 5TJ
Spearhead Compliance Training Ltd
Statement of financial position
as at
30 November 2017
Tangible assets
9,998
8,784
Cash at bank and in hand
6,548
2,213
Creditors: amounts falling due within one year
(4,903)
(30,910)
Net current assets/(liabilities)
27,318
(25,303)
Total assets less current liabilities
37,316
(16,519)
Creditors: amounts falling due after more than one year
-
(20,000)
Net assets/(liabilities)
37,316
(36,519)
Called up share capital
119
4
Profit and loss account
(78,036)
(36,523)
Shareholders' funds
37,316
(36,519)
For the year ending 30 November 2017 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 30 August 2018.
Mr John Loveday
Director
Company Registration No. 08757572
Spearhead Compliance Training Ltd
Notes to the Accounts
for the year ended 30 November 2017
Spearhead Compliance Training Ltd is a private company, limited by shares, registered in England and Wales, registration number 08757572. The registered office is PO Box B2 5TJ, 1st Floor , Wellington House, 31-34 Waterloo Street, Birmingham, B2 5TJ.
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.
These financial statements for the year ended 30 November 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Spearhead Compliance Training Ltd
Notes to the Accounts
for the year ended 30 November 2017
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2016
871
18,001
18,872
Additions
2,917
8,190
11,107
At 30 November 2017
3,788
26,191
29,979
At 1 December 2016
738
9,350
10,088
Charge for the year
1,250
8,643
9,893
At 30 November 2017
1,988
17,993
19,981
At 30 November 2017
1,800
8,198
9,998
At 30 November 2016
133
8,651
8,784
Trade debtors
14,191
3,394
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
3,674
6,643
Taxes and social security
879
1,797
7
Creditors: amounts falling due after more than one year
2017
2016
8
Share capital
2017
2016
Allotted, called up and fully paid:
119,391 Ordinary shares of £0.001 each
119.39
-
Shares issued during the period:
119,387 Ordinary shares of £0.001 each
119.38
9
Average number of employees
During the year the average number of employees was 1 (2016: 1).