Spirit Utilities Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: NI060722 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Spirit Utilities Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A J Williams

SECRETARY:

McNicholl Ltd

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

Tangible assets

2

15,925

10,212

CURRENT ASSETS

Stocks

1,265

-

Debtors

17,466

1,366

Cash at bank

-

6,761

18,731

8,127

CREDITORS

Amounts falling due within one year

11,307

6,388

NET CURRENT ASSETS

7,424

1,739

TOTAL ASSETS LESS CURRENT LIABILITIES

23,349

11,951

CAPITAL AND RESERVES

Called up share capital

3

600

600

Profit and loss account

22,749

11,351

SHAREHOLDERS' FUNDS

23,349

11,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 May 2014 and were signed by:

A J Williams - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

17,429

Additions

9,694

At 31 March 2014

27,123

DEPRECIATION

At 1 April 2013

7,217

Charge for year

3,981

At 31 March 2014

11,198

NET BOOK VALUE

At 31 March 2014

15,925

At 31 March 2013

10,212

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

600

Ordinary

£1

600

600