IRIS Accounts Production v23.3.1.45 05741244 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057412442022-03-31057412442023-03-31057412442022-04-012023-03-31057412442021-03-31057412442021-04-012022-03-31057412442022-03-3105741244ns10:Originalns15:EnglandWales2022-04-012023-03-3105741244ns14:PoundSterlingns10:Original2022-04-012023-03-3105741244ns10:Originalns10:Director12022-04-012023-03-3105741244ns10:Original2022-04-012023-03-3105741244ns10:Original2023-03-3105741244ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105741244ns10:Originalns10:SmallEntities2022-04-012023-03-3105741244ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3105741244ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105741244ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105741244ns10:Originalns10:FullAccounts2022-04-012023-03-3105741244ns10:Original12022-04-012023-03-3105741244ns10:Originalns10:RegisteredOffice2022-04-012023-03-3105741244ns10:Original2022-03-3105741244ns10:Originalns5:CurrentFinancialInstruments2023-03-3105741244ns10:Originalns5:CurrentFinancialInstruments2022-03-3105741244ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105741244ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105741244ns5:ShareCapitalns10:Original2023-03-3105741244ns5:ShareCapitalns10:Original2022-03-3105741244ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105741244ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105741244ns10:Originalns5:NetGoodwill2022-04-012023-03-3105741244ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3105741244ns10:Originalns5:PlantMachinery2022-04-012023-03-3105741244ns10:Original2021-04-012022-03-3105741244ns10:Originalns5:NetGoodwill2022-03-3105741244ns10:Originalns5:NetGoodwill2023-03-3105741244ns10:Originalns5:NetGoodwill2022-03-3105741244ns10:Originalns5:PlantMachinery2022-03-3105741244ns10:Originalns5:PlantMachinery2023-03-3105741244ns10:Originalns5:PlantMachinery2022-03-3105741244ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105741244ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 05741244 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SPOONER BROTHERS LTD

SPOONER BROTHERS LTD (REGISTERED NUMBER: 05741244)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPOONER BROTHERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P A Spooner





REGISTERED OFFICE: 1 Cricklade Court
Cricklade Street
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 05741244 (England and Wales)





ACCOUNTANTS: Ekins & Co (Swindon)
Accountants and Tax Advisors
1 Cricklade Court
Cricklade Street
Old Town
SWINDON
Wiltshire
SN1 3EY

SPOONER BROTHERS LTD (REGISTERED NUMBER: 05741244)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,400 18,000
Tangible assets 5 6,087 8,116
20,487 26,116

CURRENT ASSETS
Stocks 4,020 2,950
Debtors 6 - 4,468
Cash at bank 39,518 21,514
43,538 28,932
CREDITORS
Amounts falling due within one year 7 24,777 16,302
NET CURRENT ASSETS 18,761 12,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,248

38,746

CREDITORS
Amounts falling due after more than one year 8 12,066 16,778
NET ASSETS 27,182 21,968

CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings 27,042 21,828
27,182 21,968

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 director acknowledges his 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.

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 director and authorised for issue on 30 November 2023 and were signed by:





P A Spooner - Director


SPOONER BROTHERS LTD (REGISTERED NUMBER: 05741244)

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

1. STATUTORY INFORMATION

Spooner Brothers Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

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

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.

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 1 (2022 - 1 ) .

SPOONER BROTHERS LTD (REGISTERED NUMBER: 05741244)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 72,000
AMORTISATION
At 1 April 2022 54,000
Charge for year 3,600
At 31 March 2023 57,600
NET BOOK VALUE
At 31 March 2023 14,400
At 31 March 2022 18,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 23,401
DEPRECIATION
At 1 April 2022 15,285
Charge for year 2,029
At 31 March 2023 17,314
NET BOOK VALUE
At 31 March 2023 6,087
At 31 March 2022 8,116

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - (2,827 )
Other debtors - 7,295
- 4,468

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 6,244 5,644
Taxation and social security 16,533 8,516
Other creditors 2,000 2,142
24,777 16,302

SPOONER BROTHERS LTD (REGISTERED NUMBER: 05741244)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 575 575
Other creditors 11,491 16,203
12,066 16,778