Spirit Utilities Limited - Accounts to registrar - small 17.2

Spirit Utilities Limited - Accounts to registrar - small 17.2


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REGISTERED NUMBER: NI060722(Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Spirit Utilities Limited

Spirit Utilities Limited (Registered number: NI060722)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Spirit Utilities Limited

Company Information
for the Year Ended 31 March 2017







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

Spirit Utilities Limited (Registered number: NI060722)

Abridged Statement of Financial Position
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,759 5,804

CURRENT ASSETS
Inventories 15,677 17,887
Debtors 23,384 -
Cash at bank 12,882 20,778
51,943 38,665
CREDITORS
Amounts falling due within one year 31,419 23,006
NET CURRENT ASSETS 20,524 15,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,283

21,463

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 22,683 20,863
SHAREHOLDERS' FUNDS 23,283 21,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

Spirit Utilities Limited (Registered number: NI060722)

Abridged Statement of Financial Position - continued
31 March 2017


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 2017 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 25 April 2017and were signed by:





A J Williams- Director


Spirit Utilities Limited (Registered number: NI060722)

Notes to the Financial Statements
for the Year Ended 31 March 2017

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.


Spirit Utilities Limited (Registered number: NI060722)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2.

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2016 18,326
Additions 473
Disposals (8,447 )
At 31 March 2017 10,352
DEPRECIATION
At 1 April 2016 12,522
Charge for year 691
Eliminated on disposal (5,620 )
At 31 March 2017 7,593
NET BOOK VALUE
At 31 March 2017 2,759
At 31 March 2016 5,804