Specle Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05981666 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

SPECLE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S D P Daykin

Mr S T Mountain

Mr S B Murray

Mr S C Blakey

SECRETARY:

Mr T Beckenham

REGISTERED OFFICE:

22 Upper Ground

London

SE1 9PD

REGISTERED NUMBER:

05981666 (England and Wales)

ACCOUNTANTS:

FLB Accountants LLP

Chartered Accountants & Registered Auditors

150 Wharfedale Road

Winnersh Triangle

Berkshire

RG41 5RB

FIXED ASSETS

Intangible assets

5

6,387

3,788

Property, plant and equipment

6

11,592

16,312

17,979

20,100

CURRENT ASSETS

Debtors

7

89,989

101,135

Cash at bank and in hand

439,428

187,837

529,417

288,972

CREDITORS

Amounts falling due within one year

8

(141,402

)

(72,671

)

NET CURRENT ASSETS

388,015

216,301

TOTAL ASSETS LESS CURRENT LIABILITIES

405,994

236,401

CAPITAL AND RESERVES

Called up share capital

46

46

Share premium

958,370

958,370

Retained earnings

(552,422

)

(722,015

)

SHAREHOLDERS' FUNDS

405,994

236,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 29 July 2019 and were signed on its behalf by:

Mr S B Murray - Director

1.	STATUTORY INFORMATION

Specle Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for sales web based technology services, excluding value

added tax.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the statement of financial position date. Transactions in foreign currencies are translated into sterling

at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account

in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 9 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2018

3,788

Additions

3,546

At 31 December 2018

7,334

AMORTISATION

Charge for year

947

At 31 December 2018

947

NET BOOK VALUE

At 31 December 2018

6,387

At 31 December 2017

3,788

6.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2018

42,184

Additions

7,875

Disposals

(15,879

)

At 31 December 2018

34,180

DEPRECIATION

At 1 January 2018

25,872

Charge for year

11,382

Eliminated on disposal

(14,666

)

At 31 December 2018

22,588

NET BOOK VALUE

At 31 December 2018

11,592

At 31 December 2017

16,312

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

78,124

74,210

Other debtors

11,865

26,925

89,989

101,135

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

69,233

7,030

Taxation and social security

54,984

55,829

Other creditors

17,185

9,812

141,402

72,671

9.	ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling party by virtue of their shareholding in the

company.