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REGISTERED NUMBER: 06432958 (England and Wales)












Financial Statements

for the Year Ended 31 March 2023

for

SPK Building Services Limited

SPK Building Services Limited (Registered number: 06432958)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPK Building Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S P Kelly





SECRETARY: Mrs C J Kelly





REGISTERED OFFICE: 41 Farmlands Lane
Littleover
Derby
DE23 2UR





REGISTERED NUMBER: 06432958 (England and Wales)





ACCOUNTANTS: NP & Associates Limited
2 Besthorpe Close
Oakwood
Derby
Derbyshire
DE21 4RQ

SPK Building Services Limited (Registered number: 06432958)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,517 6,135
Investments 6 15,000 15,000
Investment property 7 201,868 201,868
222,385 223,003

CURRENT ASSETS
Debtors 8 47,369 83,157
Cash at bank 375,592 243,255
422,961 326,412
CREDITORS
Amounts falling due within one year 9 77,454 54,294
NET CURRENT ASSETS 345,507 272,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

567,892

495,121

PROVISIONS FOR LIABILITIES 1,379 1,166
NET ASSETS 566,513 493,955

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 566,413 493,855
SHAREHOLDERS' FUNDS 566,513 493,955

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2023 and were signed by:



S P Kelly - Director


SPK Building Services Limited (Registered number: 06432958)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

SPK Building Services 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 (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

SPK Building Services Limited (Registered number: 06432958)

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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 12,000
AMORTISATION
At 1 April 2022
and 31 March 2023 12,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 3,304 295 16,072 7,766 27,437
Additions 1,417 - - 283 1,700
Disposals - - - (3,874 ) (3,874 )
At 31 March 2023 4,721 295 16,072 4,175 25,263
DEPRECIATION
At 1 April 2022 1,608 218 13,969 5,507 21,302
Charge for year 623 15 525 846 2,009
Eliminated on disposal - - - (3,565 ) (3,565 )
At 31 March 2023 2,231 233 14,494 2,788 19,746
NET BOOK VALUE
At 31 March 2023 2,490 62 1,578 1,387 5,517
At 31 March 2022 1,696 77 2,103 2,259 6,135

SPK Building Services Limited (Registered number: 06432958)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 15,000
NET BOOK VALUE
At 31 March 2023 15,000
At 31 March 2022 15,000

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 201,868
NET BOOK VALUE
At 31 March 2023 201,868
At 31 March 2022 201,868

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,986 72,330
Other debtors 11,513 -
Directors' current accounts - 9,547
VAT 3,870 1,280
47,369 83,157

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 33,450 12,198
Tax 35,903 34,603
Social security and other taxes 3,698 6,373
Directors' current accounts 63 -
Accrued expenses 4,340 1,120
77,454 54,294

SPK Building Services Limited (Registered number: 06432958)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
S P Kelly
Balance outstanding at start of year 9,547 3,068
Amounts advanced - 9,547
Amounts repaid (9,547 ) (3,068 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,547