Spirit Utilities Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI060722 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Spirit Utilities Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A J Williams

REGISTERED OFFICE:

18 Market Road

Ballymena

BT43 6EL

REGISTERED NUMBER:

NI060722 (Northern Ireland)

ACCOUNTANTS:

J A McNicholl & Company Limited

18 Market Road

Ballymena

BT43 6EL

BANKERS:

Northern Bank Ltd

Broadway

Ballymena

BT43 6EA

FIXED ASSETS

Property, plant and equipment

4

1,767

2,208

CURRENT ASSETS

Inventories

8,095

5,495

Debtors

11,745

11,748

Cash at bank

-

1,059

19,840

18,302

CREDITORS

Amounts falling due within one year

20,936

19,473

NET CURRENT LIABILITIES

(1,096

)

(1,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

671

1,037

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

71

437

SHAREHOLDERS' FUNDS

671

1,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 14 June 2019 and were signed by:

A J Williams - Director

1.	STATUTORY INFORMATION

Spirit Utilities Limited is a private company, limited by shares , registered in Northern

Ireland. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue 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

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

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2018

and 31 March 2019

10,352

DEPRECIATION

At 1 April 2018

8,144

Charge for year

441

At 31 March 2019

8,585

NET BOOK VALUE

At 31 March 2019

1,767

At 31 March 2018

2,208