Company Registration No. SC250301 (Scotland)
Spoke 925 Ltd.
Unaudited accounts
for the year ended 31 October 2021
Spoke 925 Ltd.
Unaudited accounts
Contents
Spoke 925 Ltd.
Company Information
for the year ended 31 October 2021
Director
Graham Robertson
Company Number
SC250301 (Scotland)
Registered Office
2 Merkland Street
Partick
Glasgow
G11 6DB
Accountants
The Accounting Crew Scotland Limited
Certified Public Accountants
8 Benview Road
Glasgow
G76 7PP
Spoke 925 Ltd.
Statement of financial position
as at
31 October 2021
Intangible assets
61,943
61,943
Tangible assets
5,299
6,234
Cash at bank and in hand
138,366
62,235
Creditors: amounts falling due within one year
(92,186)
(48,536)
Net current assets
102,052
52,354
Net assets
169,294
120,531
Called up share capital
2
2
Profit and loss account
169,292
120,529
Shareholders' funds
169,294
120,531
For the year ending 31 October 2021 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.
The financial statements were approved by the Board and authorised for issue on 20 July 2022 and were signed on its behalf by
Graham Robertson
Director
Company Registration No. SC250301
Spoke 925 Ltd.
Notes to the Accounts
for the year ended 31 October 2021
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.
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 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.
4
Intangible fixed assets
Goodwill
At 1 November 2020
61,943
At 31 October 2021
61,943
At 31 October 2021
61,943
At 31 October 2020
61,943
Spoke 925 Ltd.
Notes to the Accounts
for the year ended 31 October 2021
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2020
8,625
23,750
32,375
At 31 October 2021
8,625
23,750
32,375
At 1 November 2020
4,391
21,750
26,141
Charge for the year
635
300
935
At 31 October 2021
5,026
22,050
27,076
At 31 October 2021
3,599
1,700
5,299
At 31 October 2020
4,234
2,000
6,234
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
47,460
24,990
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
33,380
20,000
Trade creditors
7,814
5,262
Taxes and social security
38,103
21,035
Other creditors
1,940
1,299
Loans from directors
10,949
940
8
Share capital
2021
2020
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).