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REGISTERED NUMBER: 09498034 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

S.P.C. Sheet Metal Limited

S.P.C. Sheet Metal Limited (Registered number: 09498034)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.P.C. Sheet Metal Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D G Clancy
S P Clancy





REGISTERED OFFICE: Henderson Street
Littleborough
Rochdale
Lancashire
OL15 8DT





REGISTERED NUMBER: 09498034 (England and Wales)





ACCOUNTANT: BMDC Accountancy Ltd
Chartered Certified Accountants
Block B Unit 3
Gatehead Business Park
Delph New Road
Delph
Lancashire
OL3 5DE

S.P.C. Sheet Metal Limited (Registered number: 09498034)

Balance Sheet
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,130 43,756

CURRENT ASSETS
Stocks 13,000 13,000
Debtors 5 270,272 301,062
Cash at bank and in hand 196,739 162,458
480,011 476,520
CREDITORS
Amounts falling due within one year 6 127,243 85,990
NET CURRENT ASSETS 352,768 390,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,898

434,286

PROVISIONS FOR LIABILITIES 5,816 6,799
NET ASSETS 384,082 427,487

CAPITAL AND RESERVES
Called up share capital 103 102
Retained earnings 383,979 427,385
SHAREHOLDERS' FUNDS 384,082 427,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

S.P.C. Sheet Metal Limited (Registered number: 09498034)

Balance Sheet - continued
31 December 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 16 February 2024 and were signed on its behalf by:





S P Clancy - Director


S.P.C. Sheet Metal Limited (Registered number: 09498034)

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

1. STATUTORY INFORMATION

S.P.C. Sheet Metal 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 10 (2022 - 13 ) .

S.P.C. Sheet Metal Limited (Registered number: 09498034)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 82,823
Additions 2,529
Disposals (224 )
At 31 December 2023 85,128
DEPRECIATION
At 1 January 2023 39,067
Charge for year 9,155
Eliminated on disposal (224 )
At 31 December 2023 47,998
NET BOOK VALUE
At 31 December 2023 37,130
At 31 December 2022 43,756

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade debtors 151,013 118,053
Other debtors 119,259 183,009
270,272 301,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade creditors 13,723 18,591
Taxation and social security 51,054 50,642
Other creditors 62,466 16,757
127,243 85,990

7. RELATED PARTY DISCLOSURES

Included in other debtors is a loan to S.P.C. Properties Limited of £103,700 (2022:£180,000), a company in which the S Clancy is a joint shareholder.

8. ULTIMATE CONTROLLING PARTY

The controlling party is S P Clancy.