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Company Registration No. 05501811 (England and Wales)
Liam Spencer Art Limited Unaudited accounts for the year ended 31 March 2023
Liam Spencer Art Limited Unaudited accounts Contents
Page
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Liam Spencer Art Limited Company Information for the year ended 31 March 2023
Directors
Liam Spencer Heather Spencer
Company Number
05501811 (England and Wales)
Accountants
Wendy Gledhill 26 Halifax Road Todmorden Yorkshire OL14 5QG
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Liam Spencer Art Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
51 
Current assets
Debtors
2,248 
1,076 
Cash at bank and in hand
6,455 
7,747 
8,703 
8,823 
Creditors: amounts falling due within one year
(3,463)
(4,209)
Net current assets
5,240 
4,614 
Net assets
5,240 
4,665 
Capital and reserves
Profit and loss account
5,240 
4,665 
Shareholders' funds
5,240 
4,665 
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 22 December 2023 and were signed on its behalf by
Heather Spencer Director Company Registration No. 05501811
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Liam Spencer Art Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Liam Spencer Art Limited is a private company, limited by shares, registered in England and Wales, registration number 05501811.
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
20% straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
1,651 
3,229 
4,880 
At 31 March 2023
1,651 
3,229 
4,880 
Depreciation
At 1 April 2022
1,600 
3,229 
4,829 
Charge for the year
51 
- 
51 
At 31 March 2023
1,651 
3,229 
4,880 
Net book value
At 31 March 2023
- 
- 
- 
At 31 March 2022
51 
- 
51 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,000 
- 
Accrued income and prepayments
1,248 
1,076 
2,248 
1,076 
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Liam Spencer Art Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
(323)
521 
Taxes and social security
(1,498)
(1,360)
Other creditors
(637)
(423)
Loans from directors
5,071 
5,071 
Accruals
850 
400 
3,463 
4,209 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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