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REGISTERED NUMBER: 09327080 (England and Wales)















SPENCER SKUSE & POTTER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






SPENCER SKUSE & POTTER LIMITED (REGISTERED NUMBER: 09327080)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPENCER SKUSE & POTTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr G Skuse
Mr J Potter





REGISTERED OFFICE: Unit 17
Lambourne Crescent
Cardiff
CF14 5GF





REGISTERED NUMBER: 09327080 (England and Wales)





ACCOUNTANTS: Davies Williams Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

SPENCER SKUSE & POTTER LIMITED (REGISTERED NUMBER: 09327080)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,049 196,878

CURRENT ASSETS
Debtors 5 341,436 113,391
Cash at bank and in hand 223,166 347,458
564,602 460,849
CREDITORS
Amounts falling due within one year 6 242,990 208,022
NET CURRENT ASSETS 321,612 252,827
TOTAL ASSETS LESS CURRENT LIABILITIES 513,661 449,705

CREDITORS
Amounts falling due after more than one
year

7

174,124

194,929
NET ASSETS 339,537 254,776

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 339,437 254,676
SHAREHOLDERS' FUNDS 339,537 254,776

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 SKUSE & POTTER LIMITED (REGISTERED NUMBER: 09327080)

BALANCE SHEET - continued
31ST MARCH 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 11th October 2023 and were signed on its behalf by:




Mr G Skuse - Director



Mr J Potter - Director


SPENCER SKUSE & POTTER LIMITED (REGISTERED NUMBER: 09327080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Spencer Skuse & Potter 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line on cost
Fixtures and fittings - 25% on reducing balance

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 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
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.

SPENCER SKUSE & POTTER LIMITED (REGISTERED NUMBER: 09327080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1st April 2022 205,000 12,275 217,275
Additions - 420 420
At 31st March 2023 205,000 12,695 217,695
DEPRECIATION
At 1st April 2022 12,300 8,097 20,397
Charge for year 4,100 1,149 5,249
At 31st March 2023 16,400 9,246 25,646
NET BOOK VALUE
At 31st March 2023 188,600 3,449 192,049
At 31st March 2022 192,700 4,178 196,878

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,375 42,154
Other debtors 287,061 71,237
341,436 113,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,980 20,980
Taxation and social security 132,885 141,975
Other creditors 89,125 45,067
242,990 208,022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 174,124 194,929