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Company Registration No. 4554935 (England and Wales)
M A Spraggins Limited Unaudited accounts for the year ended 31 October 2023
M A Spraggins Limited Unaudited accounts Contents
Page
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M A Spraggins Limited Company Information for the year ended 31 October 2023
Director
M A Spraggins
Company Number
4554935 (England and Wales)
Registered Office
Winnel 8 School Lane Harmston, Lincoln LN5 9SP
Accountants
Mike Behan Accountant 21 Millbrook Close North Hykeham Lincoln LN6 9TA
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M A Spraggins Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,975 
3,965 
Current assets
Inventories
5,500 
5,500 
Debtors
- 
7,750 
Cash at bank and in hand
2,112 
- 
7,612 
13,250 
Creditors: amounts falling due within one year
(9,494)
(11,640)
Net current (liabilities)/assets
(1,882)
1,610 
Total assets less current liabilities
1,093 
5,575 
Provisions for liabilities
Deferred tax
(565)
(753)
Net assets
528 
4,822 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
428 
4,722 
Shareholders' funds
528 
4,822 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 7 March 2024 and were signed on its behalf by
M A Spraggins Director Company Registration No. 4554935
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M A Spraggins Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
M A Spraggins Limited is a private company, limited by shares, registered in England and Wales, registration number 4554935. The registered office is Winnel, 8 School Lane, Harmston, Lincoln, LN5 9SP.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
54,325 
At 31 October 2023
54,325 
Depreciation
At 1 November 2022
50,360 
Charge for the year
990 
At 31 October 2023
51,350 
Net book value
At 31 October 2023
2,975 
At 31 October 2022
3,965 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,750 
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M A Spraggins Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
2,586 
VAT
4,462 
5,067 
Trade creditors
2,058 
2,249 
Taxes and social security
2,215 
1,001 
Other creditors
562 
577 
Loans from directors
197 
160 
9,494 
11,640 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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