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REGISTERED NUMBER: 10784592 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SPENCER CLARKE GROUP LIMITED

SPENCER CLARKE GROUP LIMITED (REGISTERED NUMBER: 10784592)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

SPENCER CLARKE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr M D Shorrock
Mr M R Spencer





REGISTERED OFFICE: Unit 11, Ground Floor, Bartle Court
Rosemary Lane
Bartle
Preston
Lancashire
PR4 0HF





REGISTERED NUMBER: 10784592 (England and Wales)





ACCOUNTANTS: Miller Roskell Limited
Chartered Certified Accountants
17 Victoria Road East
Thornton Cleveleys
Lancashire
FY5 5HT

SPENCER CLARKE GROUP LIMITED (REGISTERED NUMBER: 10784592)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,234 11,891
Tangible assets 5 459,786 188,699
471,020 200,590

CURRENT ASSETS
Stocks 176,800 217,050
Debtors 6 4,045,402 2,732,030
Cash at bank and in hand 542,022 618,010
4,764,224 3,567,090
CREDITORS
Amounts falling due within one year 7 2,963,231 2,259,690
NET CURRENT ASSETS 1,800,993 1,307,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,272,013

1,507,990

CREDITORS
Amounts falling due after more than one
year

8

(198,598

)

-

PROVISIONS FOR LIABILITIES (32,157 ) (6,483 )
NET ASSETS 2,041,258 1,501,507

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,041,158 1,501,407
2,041,258 1,501,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

SPENCER CLARKE GROUP LIMITED (REGISTERED NUMBER: 10784592)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:





Mr M D Shorrock - Director


SPENCER CLARKE GROUP LIMITED (REGISTERED NUMBER: 10784592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Spencer Clarke Group Limited 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.
Improvements to property - in accordance with the property
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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.

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.

SPENCER CLARKE GROUP LIMITED (REGISTERED NUMBER: 10784592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 13,151
AMORTISATION
At 1 July 2022 1,260
Charge for year 657
At 30 June 2023 1,917
NET BOOK VALUE
At 30 June 2023 11,234
At 30 June 2022 11,891

SPENCER CLARKE GROUP LIMITED (REGISTERED NUMBER: 10784592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 166,381 37,389 - 37,989 241,759
Additions 71,154 22,859 250,560 6,670 351,243
At 30 June 2023 237,535 60,248 250,560 44,659 593,002
DEPRECIATION
At 1 July 2022 23,698 13,687 - 15,675 53,060
Charge for year 35,135 6,423 29,197 9,401 80,156
At 30 June 2023 58,833 20,110 29,197 25,076 133,216
NET BOOK VALUE
At 30 June 2023 178,702 40,138 221,363 19,583 459,786
At 30 June 2022 142,683 23,702 - 22,314 188,699

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 250,560
At 30 June 2023 250,560
DEPRECIATION
Charge for year 29,197
At 30 June 2023 29,197
NET BOOK VALUE
At 30 June 2023 221,363

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,812,489 2,033,699
Other debtors 1,232,913 698,331
4,045,402 2,732,030

SPENCER CLARKE GROUP LIMITED (REGISTERED NUMBER: 10784592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 19,688 -
Trade creditors 33,567 96,259
Amounts owed to group undertakings - 4,894
Taxation and social security 515,367 334,141
Other creditors 2,394,609 1,824,396
2,963,231 2,259,690

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 198,598 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Invoice discounting facility 1,583,468 1,358,406

The invoice discounting facility is secured by a fixed and floating charge over the company's assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr M D Shorrock
Balance outstanding at start of year - 3,573
Amounts advanced 237,710 -
Amounts repaid - (3,573 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 237,710 -

11. RELATED PARTY DISCLOSURES

The directors operated loan accounts with the company. The balance owed to the directors at 30 June 2023 was £(237,710) (2022 - £-).

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SPENCER CLARKE GROUP LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spencer Clarke Group Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Spencer Clarke Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spencer Clarke Group Limited and state those matters that we have agreed to state to the Board of Directors of Spencer Clarke Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spencer Clarke Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spencer Clarke Group Limited. You consider that Spencer Clarke Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spencer Clarke Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Miller Roskell Limited
Chartered Certified Accountants
17 Victoria Road East
Thornton Cleveleys
Lancashire
FY5 5HT


3 October 2023