Company Registration No. 3935644 (England and Wales)
Spiked Limited
Unaudited accounts
for the year ended 31 March 2017
Spiked Limited
Unaudited accounts
Contents
Spiked Limited
Company Information
for the year ended 31 March 2017
Directors
Patrick Hayes
Luke Gittos
Joanna Williams
Company Number
3935644 (England and Wales)
Registered Office
Eagle House
167 City Road
London
EC1V 1NR
Accountants
Ronald Yep & Co Limited
Suite 2 Floor 2 Congress House
14 Lyon road
Harrow
Middlesex
HA1 2EN
Spiked Limited
Statement of financial position
as at
31 March 2017
Tangible assets
2,569
838
Cash at bank and in hand
11,001
7,078
Creditors: amounts falling due within one year
(5,462)
(2,875)
Net current assets
5,992
10,601
Called up share capital
521
521
Share premium
81,510
81,510
Profit and loss account
(73,470)
(70,592)
Shareholders' funds
8,561
11,439
For the year ending 31 March 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 16 November 2017.
Patrick Hayes
Director
Company Registration No. 3935644
Spiked Limited
Notes to the Accounts
for the year ended 31 March 2017
Spiked Limited is a private company, limited by shares, registered in England and Wales, registration number 3935644. The registered office is Eagle House, 167 City Road, London, EC1V 1NR.
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 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Reducing Balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Spiked Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the year
1,267
Accrued income and prepayments
1
104
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
2,871
1,019
Loans from directors
291
291
7
Share capital
2017
2016
Allotted, called up and fully paid:
521 Ordinary shares of £1 each
521
521
8
Average number of employees
During the year the average number of employees was 3 (2016: 3).