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REGISTERED NUMBER: 00181111 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SPOORS LIMITED

SPOORS LIMITED (REGISTERED NUMBER: 00181111)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPOORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M G P C Williams
R K Dore



SECRETARY: R K Dore



REGISTERED OFFICE: Rudland House
Railway Street
Bishop Auckland
Co. Durham
DL14 7LR



REGISTERED NUMBER: 00181111 (England and Wales)



SOLICITORS: Hewitts
207 Newgate Street
Bishop Auckland
County Durham
DL14 7EL

SPOORS LIMITED (REGISTERED NUMBER: 00181111)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 17,155

CURRENT ASSETS
Debtors 5 9,986 25,367
Cash at bank and in hand 84,701 171,565
94,687 196,932
CREDITORS
Amounts falling due within one year 6 39,963 93,068
NET CURRENT ASSETS 54,724 103,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,724

121,019

CREDITORS
Amounts falling due after more than one year 7 (2,670 ) (2,670 )

PROVISIONS FOR LIABILITIES - (3,259 )
NET ASSETS 52,054 115,090

CAPITAL AND RESERVES
Called up share capital 5,024 5,024
Retained earnings 47,030 110,066
SHAREHOLDERS' FUNDS 52,054 115,090

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.

SPOORS LIMITED (REGISTERED NUMBER: 00181111)

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 12 September 2023 and were signed on its behalf by:





M G P C Williams - Director


SPOORS LIMITED (REGISTERED NUMBER: 00181111)

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


1. STATUTORY INFORMATION

Spoors 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 the total amount receivable by the company in respect of work done and the sale of goods, excluding VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

In the case of the sale of goods, this is when the goods are dispatched. In the case of provision of services, this is when the work is carried out.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Fixtures and fittings - 12.5% on cost
Motor vehicles - 25% on reducing balance

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.

SPOORS LIMITED (REGISTERED NUMBER: 00181111)

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor
equipment fittings vehicles Totals
£ £ £ £
COST
At 1 April 2022 405 2,988 122,070 125,463
Disposals (405 ) (2,988 ) (122,070 ) (125,463 )
At 31 March 2023 - - - -
DEPRECIATION
At 1 April 2022 263 2,907 105,138 108,308
Charge for year 101 58 3,186 3,345
Eliminated on disposal (364 ) (2,965 ) (108,324 ) (111,653 )
At 31 March 2023 - - - -
NET BOOK VALUE
At 31 March 2023 - - - -
At 31 March 2022 142 81 16,932 17,155

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 3,028 23,174
Directors' current accounts 2,545 -
Corporation tax 4,413 -
Prepayments and accrued income - 2,193
9,986 25,367

As at 31 March 2023, Mr M G P C Williams owed Spoors Limited the sum of £2,545. This related to personal expenditure paid in error on the company credit card. This amount was repaid to the company on 18 April 2023.

SPOORS LIMITED (REGISTERED NUMBER: 00181111)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 3,786 9,200
Amount owed to holding company 875 7,282
Social security and other taxes 1,465 6,032
Other creditors 6,260 4,324
Amount owed to related company 21,700 61,134
Accruals and deferred income 5,877 5,096
39,963 93,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Preference shares classed as a liability 2,670 2,670

8. RELATED PARTY DISCLOSURES

The directors of this company are also the directors of London Lending Library (Durham) Limited and GW Rudd Limited. They also have a shareholding interest in London Lending Library (Durham) Limited and GW Rudd Limited. Details of transactions between Spoors Limited and these companies are as follows:-

Balance due to related parties at 31 March 2023

London Lending Library (Durham) Limited: £21,700 (2022 - £61,134)

GW Rudd Limited: £875 (2022 - £7,282)

No interest is payable on the above balances and there are no set repayment terms.