IRIS Accounts Production v18.3.0.590 05881616 Board of Directors 1.9.17 31.8.18 31.8.18 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure058816162017-08-31058816162018-08-31058816162017-09-012018-08-31058816162016-08-31058816162016-09-012017-08-31058816162017-08-3105881616ns15:EnglandWales2017-09-012018-08-3105881616ns14:PoundSterling2017-09-012018-08-3105881616ns10:Director12017-09-012018-08-3105881616ns10:PrivateLimitedCompanyLtd2017-09-012018-08-3105881616ns10:SmallEntities2017-09-012018-08-3105881616ns10:AuditExempt-NoAccountantsReport2017-09-012018-08-3105881616ns10:SmallCompaniesRegimeForDirectorsReport2017-09-012018-08-3105881616ns10:SmallCompaniesRegimeForAccounts2017-09-012018-08-3105881616ns10:FullAccounts2017-09-012018-08-3105881616ns10:OrdinaryShareClass12017-09-012018-08-3105881616ns10:Director22017-09-012018-08-3105881616ns10:CompanySecretary12017-09-012018-08-3105881616ns10:RegisteredOffice2017-09-012018-08-3105881616ns5:CurrentFinancialInstruments2018-08-3105881616ns5:CurrentFinancialInstruments2017-08-3105881616ns5:Non-currentFinancialInstruments2018-08-3105881616ns5:Non-currentFinancialInstruments2017-08-3105881616ns5:ShareCapital2018-08-3105881616ns5:ShareCapital2017-08-3105881616ns5:RetainedEarningsAccumulatedLosses2018-08-3105881616ns5:RetainedEarningsAccumulatedLosses2017-08-3105881616ns5:MotorVehicles2017-09-012018-08-3105881616ns5:ComputerEquipment2017-09-012018-08-3105881616ns5:PlantMachinery2017-08-3105881616ns5:MotorVehicles2017-08-3105881616ns5:ComputerEquipment2017-08-3105881616ns5:PlantMachinery2017-09-012018-08-3105881616ns5:PlantMachinery2018-08-3105881616ns5:MotorVehicles2018-08-3105881616ns5:ComputerEquipment2018-08-3105881616ns5:PlantMachinery2017-08-3105881616ns5:MotorVehicles2017-08-3105881616ns5:ComputerEquipment2017-08-3105881616ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-08-3105881616ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-08-3105881616ns5:DeferredTaxation2017-08-3105881616ns5:DeferredTaxation2017-09-012018-08-3105881616ns5:DeferredTaxation2018-08-3105881616ns10:OrdinaryShareClass12018-08-31


REGISTERED NUMBER: 05881616 (England and Wales)















Spicer Installations Ltd

Unaudited Financial Statements

For The Year Ended 31st August 2018






Spicer Installations Ltd (Registered number: 05881616)






Contents of the Financial Statements
For The Year Ended 31st August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Spicer Installations Ltd

Company Information
For The Year Ended 31st August 2018







DIRECTORS: J R C Spicer
Mrs C J Spicer





SECRETARY: Mrs C J Spicer





REGISTERED OFFICE: 37 Valentine Way
Great Billing
Northampton
Northamptonshire
NN3 9XD





REGISTERED NUMBER: 05881616 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Spicer Installations Ltd (Registered number: 05881616)

Balance Sheet
31st August 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 40,286 22,159

CURRENT ASSETS
Debtors 6 51,693 28,354
Cash at bank - 7,234
51,693 35,588
CREDITORS
Amounts falling due within one year 7 58,744 51,563
NET CURRENT LIABILITIES (7,051 ) (15,975 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,235

6,184

CREDITORS
Amounts falling due after more than one
year

8

(19,664

)

-

PROVISIONS FOR LIABILITIES 10 (7,600 ) (4,200 )
NET ASSETS 5,971 1,984

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 5,871 1,884
SHAREHOLDERS' FUNDS 5,971 1,984

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 by the Board of Directors on 8th November 2018 and were signed on its behalf
by:





Mrs C J Spicer - Director


Spicer Installations Ltd (Registered number: 05881616)

Notes to the Financial Statements
For The Year Ended 31st August 2018

1. STATUTORY INFORMATION

Spicer Installations Ltd 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 (£).


The principle activity of the company is that of sign installation.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

The financial statements for the year ended 31st August 2017 are the first financial statements that comply 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". The date of transition is 1st September 2015.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on reducing balance
Computer equipment - 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 balance sheet date.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Spicer Installations Ltd (Registered number: 05881616)

Notes to the Financial Statements - continued
For The Year Ended 31st August 2018

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2017 773 42,140 3,774 46,687
Additions 582 38,895 457 39,934
Disposals - (22,145 ) - (22,145 )
At 31st August 2018 1,355 58,890 4,231 64,476
DEPRECIATION
At 1st September 2017 192 20,562 3,774 24,528
Charge for year 336 9,826 305 10,467
Eliminated on disposal - (10,805 ) - (10,805 )
At 31st August 2018 528 19,583 4,079 24,190
NET BOOK VALUE
At 31st August 2018 827 39,307 152 40,286
At 31st August 2017 581 21,578 - 22,159

The net book value of tangible fixed assets includes £ 39,307 (2017 - £ 21,578 ) in respect of assets held under
hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 51,491 28,354
Other debtors 202 -
51,693 28,354

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts (see note 9) 979 -
Hire purchase contracts 12,962 7,361
Trade creditors 1,766 3,350
Taxation and social security 32,044 31,562
Other creditors 10,993 9,290
58,744 51,563

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 19,664 -

Spicer Installations Ltd (Registered number: 05881616)

Notes to the Financial Statements - continued
For The Year Ended 31st August 2018

9. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 979 -

10. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 7,600 4,200

Deferred
tax
£   
Balance at 1st September 2017 4,200
Provided during year 3,400
Balance at 31st August 2018 7,600

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary shares £1 100 100

12. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st August 2018 or 31st August 2017.

13. CAPITAL COMMITMENTS

There were no capital commitments as at 31st August 2018 or 31st August 2017.

14. RELATED PARTY DISCLOSURES

At 31st August 2017 the company owed the directors £46 (2016: £1,223).