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REGISTERED NUMBER: 05881616 (England and Wales)















Spicer Installations Limited

Unaudited Financial Statements

For The Year Ended 31st August 2023






Spicer Installations Limited (Registered number: 05881616)






Contents of the Financial Statements
For The Year Ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Spicer Installations Limited

Company Information
For The Year Ended 31st August 2023







DIRECTORS: J R C Spicer
Mrs C J Spicer





SECRETARY: Mrs C J Spicer





REGISTERED OFFICE: 310 Welllingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 9 Stret Caradoc
Newquay
Cornwall
TR7 1GE





REGISTERED NUMBER: 05881616 (England and Wales)





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

Spicer Installations Limited (Registered number: 05881616)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 49,283 29,991

CURRENT ASSETS
Debtors 6 34,777 44,500
Cash at bank 20,696 46,622
55,473 91,122
CREDITORS
Amounts falling due within one year 7 38,878 56,052
NET CURRENT ASSETS 16,595 35,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,878

65,061

CREDITORS
Amounts falling due after more than one
year

8

(54,551

)

(38,533

)

PROVISIONS FOR LIABILITIES 10 (9,400 ) (5,700 )
NET ASSETS 1,927 20,828

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,827 20,728
SHAREHOLDERS' FUNDS 1,927 20,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th September 2023 and were signed on its behalf by:





Mrs C J Spicer - Director


Spicer Installations Limited (Registered number: 05881616)

Notes to the Financial Statements
For The Year Ended 31st August 2023

1. STATUTORY INFORMATION

Spicer Installations 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.

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 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.

3. ACCOUNTING POLICIES

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

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.
Plant and machinery - 25% on cost
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Spicer Installations Limited (Registered number: 05881616)

Notes to the Financial Statements - continued
For The Year Ended 31st August 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2022 1,355 82,380 6,968 90,703
Additions - 32,000 566 32,566
Disposals - - (498 ) (498 )
At 31st August 2023 1,355 114,380 7,036 122,771
DEPRECIATION
At 1st September 2022 1,355 54,249 5,108 60,712
Charge for year - 12,024 1,250 13,274
Eliminated on disposal - - (498 ) (498 )
At 31st August 2023 1,355 66,273 5,860 73,488
NET BOOK VALUE
At 31st August 2023 - 48,107 1,176 49,283
At 31st August 2022 - 28,131 1,860 29,991

The net book value of tangible fixed assets includes £ 25,600 (2022 - £ 12,028 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,664 44,500
Other debtors 1,113 -
34,777 44,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 5,253 5,176
Hire purchase contracts 6,531 3,443
Taxation and social security 18,111 33,684
Other creditors 8,983 13,749
38,878 56,052

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 33,074 38,533
Hire purchase contracts 21,477 -
54,551 38,533

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,606 16,486

Spicer Installations Limited (Registered number: 05881616)

Notes to the Financial Statements - continued
For The Year Ended 31st August 2023

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,253 5,176

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,395 5,307

Amounts falling due between two and five years:
Bank loans - 2-5 years 17,073 16,740

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,606 16,486

This loan is unsecured and repayable by instalments.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 9,400 5,700

Deferred
tax
£   
Balance at 1st September 2022 5,700
Charge to Income Statement during year 3,700
Balance at 31st August 2023 9,400

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

12. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st August 2023 or 31st August 2022.

13. CAPITAL COMMITMENTS

There were no capital commitments as at 31st August 2023 or 31st August 2022.