IRIS Accounts Production v23.2.0.158 12056371 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure120563712022-03-31120563712023-03-31120563712022-04-012023-03-31120563712021-03-31120563712021-04-012022-03-31120563712022-03-3112056371ns16:EnglandWales2022-04-012023-03-3112056371ns15:PoundSterling2022-04-012023-03-3112056371ns11:Director12022-04-012023-03-3112056371ns11:Director22022-04-012023-03-3112056371ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3112056371ns11:SmallEntities2022-04-012023-03-3112056371ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3112056371ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112056371ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3112056371ns11:FullAccounts2022-04-012023-03-3112056371ns11:EntityHasNeverTraded2022-04-012023-03-3112056371ns11:OrdinaryShareClass22022-04-012023-03-3112056371ns11:OrdinaryShareClass32022-04-012023-03-3112056371ns11:OrdinaryShareClass42022-04-012023-03-3112056371ns11:RegisteredOffice2022-04-012023-03-3112056371ns6:CurrentFinancialInstruments2023-03-3112056371ns6:CurrentFinancialInstruments2022-03-3112056371ns6:Non-currentFinancialInstruments2023-03-3112056371ns6:Non-currentFinancialInstruments2022-03-3112056371ns6:ShareCapital2023-03-3112056371ns6:ShareCapital2022-03-3112056371ns6:RetainedEarningsAccumulatedLosses2023-03-3112056371ns6:RetainedEarningsAccumulatedLosses2022-03-3112056371ns6:FurnitureFittings2022-04-012023-03-3112056371ns6:MotorVehicles2022-04-012023-03-3112056371ns6:ComputerEquipment2022-04-012023-03-3112056371ns6:FurnitureFittings2022-03-3112056371ns6:MotorVehicles2022-03-3112056371ns6:ComputerEquipment2022-03-3112056371ns6:FurnitureFittings2023-03-3112056371ns6:MotorVehicles2023-03-3112056371ns6:ComputerEquipment2023-03-3112056371ns6:FurnitureFittings2022-03-3112056371ns6:MotorVehicles2022-03-3112056371ns6:ComputerEquipment2022-03-3112056371ns6:CostValuation2022-03-3112056371ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3112056371ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3112056371ns11:OrdinaryShareClass22023-03-3112056371ns11:OrdinaryShareClass32023-03-3112056371ns11:OrdinaryShareClass42023-03-31
REGISTERED NUMBER: 12056371 (England and Wales)














SPENCER MAYNARD W M LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SPENCER MAYNARD W M LIMITED (REGISTERED NUMBER: 12056371)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SPENCER MAYNARD W M LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr A J Maynard
Mrs C Maynard





REGISTERED OFFICE: Landgate Chambers
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 12056371 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

SPENCER MAYNARD W M LIMITED (REGISTERED NUMBER: 12056371)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,075 43,075
Investments 5 1,383,290 1,383,290
1,417,365 1,426,365

CURRENT ASSETS
Debtors 6 47,207 29,425
Cash at bank 292,498 316,691
339,705 346,116
CREDITORS
Amounts falling due within one year 7 363,640 424,469
NET CURRENT LIABILITIES (23,935 ) (78,353 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,393,430

1,348,012

CREDITORS
Amounts falling due after more than
one year

8

(266,851

)

(519,407

)

PROVISIONS FOR LIABILITIES (7,798 ) (7,516 )
NET ASSETS 1,118,781 821,089

CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Retained earnings 1,098,781 801,089
SHAREHOLDERS' FUNDS 1,118,781 821,089

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 MAYNARD W M LIMITED (REGISTERED NUMBER: 12056371)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by:




Mr A J Maynard - Director



Mrs C Maynard - Director


SPENCER MAYNARD W M LIMITED (REGISTERED NUMBER: 12056371)

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


1. STATUTORY INFORMATION

Spencer Maynard W M 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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Spencer Maynard W M Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SPENCER MAYNARD W M LIMITED (REGISTERED NUMBER: 12056371)

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


2. ACCOUNTING POLICIES - continued

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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 10,549 37,800 8,670 57,019
Additions 319 - 2,279 2,598
At 31 March 2023 10,868 37,800 10,949 59,617
DEPRECIATION
At 1 April 2022 3,275 7,560 3,109 13,944
Charge for year 1,900 3,024 6,674 11,598
At 31 March 2023 5,175 10,584 9,783 25,542
NET BOOK VALUE
At 31 March 2023 5,693 27,216 1,166 34,075
At 31 March 2022 7,274 30,240 5,561 43,075

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1,383,290
NET BOOK VALUE
At 31 March 2023 1,383,290
At 31 March 2022 1,383,290

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 47,207 29,425

SPENCER MAYNARD W M LIMITED (REGISTERED NUMBER: 12056371)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,256 2,762
Taxation and social security 117,103 110,644
Other creditors 243,281 311,063
363,640 424,469

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 19,060 22,316
Other creditors 247,791 497,091
266,851 519,407

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary A £1 10,000 10,000
5,200 Ordinary B £1 5,200 5,200
4,800 Ordinary C £1 4,800 4,800
20,000 20,000