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REGISTERED NUMBER: 08480517 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

SPE INSTALLATIONS LIMITED

SPE INSTALLATIONS LIMITED (Registered number: 08480517)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPE INSTALLATIONS LIMITED

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr S P Evans
Mrs H B Evans





SECRETARY: Mrs H B Evans





REGISTERED OFFICE: Cadwr Aur
Hermon
Cynwyl Elfed
Carmarthen
Carmarthenshire
SA33 6SR





REGISTERED NUMBER: 08480517 (England and Wales)





ACCOUNTANTS: Charles Carmarthen
14 Barn Road
Carmarthen
Carmarthenshire
SA31 1DD

SPE INSTALLATIONS LIMITED (Registered number: 08480517)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,953 22,093
20,953 22,093

CURRENT ASSETS
Stocks 9,636 19,178
Debtors 6 415 2,973
Cash at bank 18,485 3,444
28,536 25,595
CREDITORS
Amounts falling due within one year 7 45,747 45,740
NET CURRENT LIABILITIES (17,211 ) (20,145 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,742

1,948

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,642 1,848
SHAREHOLDERS' FUNDS 3,742 1,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SPE INSTALLATIONS LIMITED (Registered number: 08480517)

Balance Sheet - continued
30 April 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 21 December 2023 and were signed on its behalf by:





Mr S P Evans - Director


SPE INSTALLATIONS LIMITED (Registered number: 08480517)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

SPE INSTALLATIONS 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five 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 - at variable rates 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.


SPE INSTALLATIONS LIMITED (Registered number: 08480517)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 37,625
AMORTISATION
At 1 May 2022
and 30 April 2023 37,625
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

SPE INSTALLATIONS LIMITED (Registered number: 08480517)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 32,162
DEPRECIATION
At 1 May 2022 10,069
Charge for year 1,140
At 30 April 2023 11,209
NET BOOK VALUE
At 30 April 2023 20,953
At 30 April 2022 22,093

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 415 2,973

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors 5,134 6,533
Taxation and social security 1,626 220
Other creditors 38,987 38,987
45,747 45,740

SPE INSTALLATIONS LIMITED (Registered number: 08480517)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr S P Evans and Mr S P Evans
Balance outstanding at start of year 38,987 40,566
Amounts repaid - (1,579 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,987 38,987

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S P Evans.