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REGISTERED NUMBER: 06947521 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

R.E.. Spencer Limited

R.E.. Spencer Limited (Registered number: 06947521)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

R.E.. Spencer Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R E Spencer
Mrs C G Spencer





REGISTERED OFFICE: 64 Orton Lane
Wombourne
Wolverhampton
WV5 9AW





REGISTERED NUMBER: 06947521 (England and Wales)





ACCOUNTANTS: Roche & Co
64 Orton Lane
Wombourne
Wolverhampton
West Midlands
WV5 9AW

R.E.. Spencer Limited (Registered number: 06947521)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 574,607 440,204

CURRENT ASSETS
Stocks 55,316 51,809
Debtors 5 301,811 234,788
Cash at bank and in hand 508,502 463,082
865,629 749,679
CREDITORS
Amounts falling due within one year 6 211,853 170,931
NET CURRENT ASSETS 653,776 578,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,228,383

1,018,952

CREDITORS
Amounts falling due after more than
one year

7

(29,719

)

(39,225

)

PROVISIONS FOR LIABILITIES (25,500 ) (25,500 )
NET ASSETS 1,173,164 954,227

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,173,064 954,127
1,173,164 954,227

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.

R.E.. Spencer Limited (Registered number: 06947521)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:




R E Spencer - Director



Mrs C G Spencer - Director


R.E.. Spencer Limited (Registered number: 06947521)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

R.E.. Spencer 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% 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 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.

R.E.. Spencer Limited (Registered number: 06947521)

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 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 817,240
Additions 254,441
At 30 June 2023 1,071,681
DEPRECIATION
At 1 July 2022 377,036
Charge for year 120,038
At 30 June 2023 497,074
NET BOOK VALUE
At 30 June 2023 574,607
At 30 June 2022 440,204

R.E.. Spencer Limited (Registered number: 06947521)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 24,000
DEPRECIATION
At 1 July 2022 16,168
Charge for year 7,832
At 30 June 2023 24,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 7,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 252,042 201,593
Other debtors 49,769 33,195
301,811 234,788

Other debtors include an amount of £992 (2021 - £701) due from the directors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors 21,726 40,302
Taxation and social security 94,922 96,590
Other creditors 86,205 25,039
211,853 170,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 29,719 39,225

R.E.. Spencer Limited (Registered number: 06947521)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.6.23 30.6.22
£    £   
R E Spencer
Balance outstanding at start of year 698 6,105
Amounts advanced 4,794 24,593
Amounts repaid (4,500 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 992 698

Mrs C G Spencer
Balance outstanding at start of year 3 6,083
Amounts advanced 2,971 23,920
Amounts repaid (4,500 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,526 ) 3

9. ULTIMATE CONTROLLING PARTY

The controlling party is R E Spencer.

R.E.. Spencer Limited

Report of the Accountants to the Directors of
R.E.. Spencer 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 Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Roche & Co
64 Orton Lane
Wombourne
Wolverhampton
West Midlands
WV5 9AW


18 October 2023