Caseware UK (AP4) 2021.0.152 2021.0.152 2021-10-312021-10-312020-11-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00918601 2020-11-01 2021-10-31 00918601 2019-11-01 2020-10-31 00918601 2021-10-31 00918601 2020-10-31 00918601 c:Director1 2020-11-01 2021-10-31 00918601 d:Buildings 2020-11-01 2021-10-31 00918601 d:Buildings 2021-10-31 00918601 d:Buildings 2020-10-31 00918601 d:Buildings d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 00918601 d:OtherPropertyPlantEquipment 2021-10-31 00918601 d:OtherPropertyPlantEquipment 2020-10-31 00918601 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 00918601 d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 00918601 d:CurrentFinancialInstruments 2021-10-31 00918601 d:CurrentFinancialInstruments 2020-10-31 00918601 d:Non-currentFinancialInstruments 2021-10-31 00918601 d:Non-currentFinancialInstruments 2020-10-31 00918601 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 00918601 d:CurrentFinancialInstruments d:WithinOneYear 2020-10-31 00918601 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 00918601 d:Non-currentFinancialInstruments d:AfterOneYear 2020-10-31 00918601 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 00918601 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-10-31 00918601 d:ShareCapital 2021-10-31 00918601 d:ShareCapital 2020-10-31 00918601 d:RetainedEarningsAccumulatedLosses 2021-10-31 00918601 d:RetainedEarningsAccumulatedLosses 2020-10-31 00918601 c:FRS102 2020-11-01 2021-10-31 00918601 c:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 00918601 c:FullAccounts 2020-11-01 2021-10-31 00918601 c:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 iso4217:GBP xbrli:pure

Registered number: 00918601










D.W. SPINKS & COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

 
D.W. SPINKS & COMPANY LIMITED
REGISTERED NUMBER: 00918601

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
86,020
89,852

  
86,020
89,852

Current assets
  

Debtors: amounts falling due within one year
 5 
233
-

Cash at bank and in hand
 6 
3,487
5,110

  
3,720
5,110

Creditors: amounts falling due within one year
 7 
(179,584)
(157,747)

Net current liabilities
  
 
 
(175,864)
 
 
(152,637)

Total assets less current liabilities
  
(89,844)
(62,785)

Creditors: amounts falling due after more than one year
 8 
(5,205)
(9,023)

  

Net liabilities
  
(95,049)
(71,808)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(95,149)
(71,908)

  
(95,049)
(71,808)


Page 1

 
D.W. SPINKS & COMPANY LIMITED
REGISTERED NUMBER: 00918601
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
G.D. Spinks
Director

Date: 26 July 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
D.W. SPINKS & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.


General information

D.W. Spinks & Company Limited is a private company limited by shares and registered in England and Wales. The registered office is 10 Queen Street Place, London EC4R 1AG and its company registration number is 00918601.
The functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
D.W. SPINKS & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).

Page 4

 
D.W. SPINKS & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 November 2020
191,625
30,266
221,891



At 31 October 2021

191,625
30,266
221,891



Depreciation


At 1 November 2020
101,772
30,266
132,038


Charge for the year on owned assets
3,833
-
3,833



At 31 October 2021

105,605
30,266
135,871



Net book value



At 31 October 2021
86,020
-
86,020



At 31 October 2020
89,853
-
89,853


5.


Debtors

2021
2020
£
£


Other debtors
233
-

233
-



6.


Cash

2021
2020
£
£

Cash at bank and in hand
3,487
5,110

3,487
5,110


Page 5

 
D.W. SPINKS & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

7.


Creditors: amounts falling due within one year

2021
2020
£
£

Bank loans
3,492
3,440

Other taxation and social security
-
624

Other creditors
172,192
150,083

Accruals and deferred income
3,900
3,600

179,584
157,747



8.


Creditors: amounts falling due after more than one year

2021
2020
£
£

Bank loans
5,205
9,023

5,205
9,023



9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
3,492
3,440


3,492
3,440


Amounts falling due 2-5 years

Bank loans
5,206
9,024

5,206
9,024


8,698
12,464


Page 6

 
D.W. SPINKS & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

10.


Related party transactions

At the year end, the Company owed Gary Spinks, a director of the Company, £4,495 (2020: £4,495). 
At the year end, the Company owed £149,459 (2020: £127,459) to D.W. Spinks (Embossing) Limited. Gary Spinks is a director of this company.

 
Page 7