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Company Registration No. 04567434 (England and Wales)
T. Speer Ltd Unaudited accounts for the year ended 31 March 2023
T. Speer Ltd Unaudited accounts Contents
Page
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T. Speer Ltd Company Information for the year ended 31 March 2023
Directors
Carole Speer Timothy Speer Thomas Speer
Secretary
Carole Speer
Company Number
04567434 (England and Wales)
Registered Office
12 Bryn Road, Sandford Wareham Dorset BH20 7AY
Accountants
Infinity Financial Solutions Limited 4 Newton Close Whiteparish Salisbury SP5 2SP
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T. Speer Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
142,814 
191,397 
Investment property
243,223 
247,225 
386,037 
438,622 
Current assets
Inventories
- 
70,885 
Debtors
189,907 
155,885 
Cash at bank and in hand
422,593 
351,128 
612,500 
577,898 
Creditors: amounts falling due within one year
(125,441)
(155,605)
Net current assets
487,059 
422,293 
Total assets less current liabilities
873,096 
860,915 
Creditors: amounts falling due after more than one year
(23,333)
(59,351)
Net assets
849,763 
801,564 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
849,757 
801,558 
Shareholders' funds
849,763 
801,564 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2023 and were signed on its behalf by
Timothy Speer Director Company Registration No. 04567434
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T. Speer Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
T. Speer Ltd is a private company, limited by shares, registered in England and Wales, registration number 04567434. The registered office is 12 Bryn Road, Sandford, Wareham, Dorset, BH20 7AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Other tangible fixed assets
Crane - 15% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
459,957 
Additions
4,967 
At 31 March 2023
464,924 
Depreciation
At 1 April 2022
268,560 
Charge for the year
53,550 
At 31 March 2023
322,110 
Net book value
At 31 March 2023
142,814 
At 31 March 2022
191,397 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
247,225 
Net loss from fair value adjustments
(4,002)
At 31 March 2023
243,223 
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T. Speer Ltd Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
17,668 
3,560 
Trade debtors
168,420 
143,935 
Accrued income and prepayments
3,819 
8,390 
189,907 
155,885 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
26,018 
52,037 
Trade creditors
34,281 
9,736 
Taxes and social security
52,159 
74,857 
Other creditors
539 
1,621 
Loans from directors
744 
5,679 
Accruals
1,700 
1,675 
125,441 
155,605 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,333 
33,333 
Obligations under finance leases and hire purchase contracts
- 
26,018 
23,333 
59,351 
9
Average number of employees
During the year the average number of employees was 3 (2022: 5).
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