Company Registration No. 04675555 (England and Wales)
S P Management Limited
Unaudited abbreviated financial statements
For the year ended 31 March 2015
S P MANAGEMENT LIMITED
S P Management Limited
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
S P MANAGEMENT LIMITED
S P Management Limited
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
603
754
Current assets
Debtors
52,943
63,303
Cash at bank and in hand
44,129
14,016
97,072
77,319
Creditors: amounts falling due within one year
(27,876)
(49,258)
Net current assets
69,196
28,061
Total assets less current liabilities
69,799
28,815
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
69,797
28,813
Shareholder's funds
69,799
28,815
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 11 December 2015
S A Peters
Director
Company Registration No. 04675555
S P MANAGEMENT LIMITED
S P Management Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% reducing balance on FF&E and 33.3% straight line on computer equipment
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
8,756
Depreciation
At 1 April 2014
8,002
Charge for the period
151
At 31 March 2015
8,153
Net book value
At 31 March 2015
603
At 31 March 2014
754
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2