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Unaudited Financial Statements |
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for the Year Ended 30 September 2019 |
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for |
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Sprintr Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 September 2019 |
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for |
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Sprintr Limited |
Sprintr Limited (Registered number: SC575408) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Sprintr Limited |
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Company Information |
for the Year Ended 30 September 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
6 Logie Mill |
Edinburgh |
Lothian |
EH7 4HG |
Sprintr Limited (Registered number: SC575408) |
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Balance Sheet |
30 September 2019 |
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30.9.19 | 30.9.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 | ( |
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SHAREHOLDERS' FUNDS | ( |
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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 and |
(b) |
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. |
Sprintr Limited (Registered number: SC575408) |
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Balance Sheet - continued |
30 September 2019 |
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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
signed on its behalf by: |
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Sprintr Limited (Registered number: SC575408) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2019 |
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1. | STATUTORY INFORMATION |
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Sprintr 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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The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on |
the continued support of the directors and shareholders. |
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Turnover |
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are |
considered to have been transferred to the buyer. Turnover from the supply of services represents the value of |
services provided under contracts to the extent that there is a right to consideration and is recorded at the fair |
value of the consideration received or receivable. Where a contract has only been partially completed at the |
balance sheet date turnover represents the fair value of the service provided to date based on the stage of |
completion of the contract activity at the balance sheet date. Where payments are received from customers in |
advance of services provided, the amounts are recorded as deferred income and included as part of creditors due |
within one year. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured |
at their settlement value. |
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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. |
Sprintr Limited (Registered number: SC575408) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
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2. | ACCOUNTING POLICIES - continued |
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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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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
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Provisions |
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past |
event, it is probable that the company will be required to settle that obligation and a reliable estimate can be |
made of the amount of the obligation. |
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The amount recognised as a provision is the best estimate of the consideration required to settle the present |
obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation. |
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3. | INTANGIBLE FIXED ASSETS |
Computer |
software |
£ |
COST |
Additions |
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At 30 September 2019 |
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NET BOOK VALUE |
At 30 September 2019 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Taxation and social security |
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Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Other creditors |
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Sprintr Limited (Registered number: SC575408) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.19 | 30.9.18 |
value: | £ | £ |
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A Ordinary | £0.01 | 3 | 3 |
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B Ordinary | £0.01 | - | - |
3 | 3 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 October 2018 | ( |
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Deficit for the year | ( |
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At 30 September 2019 | ( |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the year ended 30 September 2019 and the |
period ended 30 September 2018: |
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30.9.19 | 30.9.18 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid |
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( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Sprintr Limited (Registered number: SC575408) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
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10. | RELATED PARTY DISCLOSURES |
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Transactions with related parties during the year and balances outstanding at the year end were as follows: |
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Transaction type |
Transactions in the year |
Balance
receivable/ (payable) to related party at |
Balance receivable/(payable) to related party at |
30.9.19 | 30.9.18 |
£ | £ |
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Primate Incorporated | Sales | 9,000 | 9,000 | - |
Limited | Loan | nil (2018: 2,340) | (1,340) | (1,340) |
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Directors' relative | Loan notes | nil (2018: 50,000) | (50,000) | (50,000) |
Loan interest | 2,500 (2018: 1,667) | (4,167) | (1,667) |
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Directors of Sprintr Limited are also directors of Primate Incorporated Limited. |
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11. | ULTIMATE CONTROLLING PARTY |
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There is no overall controlling interest. |