Company Registration No. SC250301 (Scotland)
Spoke 925 Ltd.
Unaudited accounts
for the year ended 31 October 2017
Spoke 925 Ltd.
Unaudited accounts
Contents
Spoke 925 Ltd.
Company Information
for the year ended 31 October 2017
Director
Graham Robertson
Company Number
SC250301 (Scotland)
Registered Office
2 Merkland Street
Partick
Glasgow
G11 6DB
Accountants
Aird Sakol Ltd
8 Benview Road
Clarkston Toll
Glasgow
G76 7PP
Spoke 925 Ltd.
Statement of financial position
as at
31 October 2017
Intangible assets
61,943
61,943
Tangible assets
4,973
5,164
Inventories
15,223
14,772
Cash at bank and in hand
(5,610)
18,590
Creditors: amounts falling due within one year
(35,836)
(40,281)
Net current assets
35,575
16,513
Net assets
102,491
83,620
Called up share capital
2
2
Profit and loss account
102,489
83,618
Shareholders' funds
102,491
83,620
For the year ending 31 October 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 director acknowledges his 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 6 April 2018.
Graham Robertson
Director
Company Registration No. SC250301
Spoke 925 Ltd.
Notes to the Accounts
for the year ended 31 October 2017
Spoke 925 Ltd. is a private company, limited by shares, registered in Scotland, registration number SC250301. The registered office is 2 Merkland Street, Partick, Glasgow, G11 6DB.
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 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 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:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Spoke 925 Ltd.
Notes to the Accounts
for the year ended 31 October 2017
4
Intangible fixed assets
Goodwill
At 1 November 2016
61,943
At 31 October 2017
61,943
At 31 October 2017
61,943
At 31 October 2016
61,943
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2016
-
23,750
23,750
At 31 October 2017
687
23,750
24,437
At 1 November 2016
(1,333)
19,919
18,586
Charge for the year
303
575
878
At 31 October 2017
(1,030)
20,494
19,464
At 31 October 2017
1,717
3,256
4,973
At 31 October 2016
1,333
3,831
5,164
Finished goods
15,223
14,772
Trade debtors
61,798
23,432
Spoke 925 Ltd.
Notes to the Accounts
for the year ended 31 October 2017
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
13,770
14,154
Taxes and social security
20,437
24,163
Other creditors
1,543
1,599
Loans from directors
86
365
9
Share capital
2017
2016
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 3 (2016: 3).