1 July 2022 false No description of principal activity Taxfiler 2023.12 09068384business:PrivateLimitedCompanyLtd2022-07-012023-06-30 090683842022-06-30 090683842022-07-012023-06-30 09068384business:AuditExemptWithAccountantsReport2022-07-012023-06-30 09068384business:FilletedAccounts2022-07-012023-06-30 090683842023-06-30 09068384business:Director12022-07-012023-06-30 09068384business:RegisteredOffice2022-07-012023-06-30 090683842022-06-30 09068384core:WithinOneYear2023-06-30 09068384core:WithinOneYear2022-06-30 09068384core:AfterOneYear2023-06-30 09068384core:AfterOneYear2022-06-30 09068384core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 09068384core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 09068384core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 09068384core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 09068384core:PreviouslyStatedAmount2023-06-30 09068384core:PreviouslyStatedAmount2022-06-30 09068384business:SmallEntities2022-07-012023-06-30 09068384countries:EnglandWales2022-07-012023-06-30 09068384core:PlantMachinery2022-07-012023-06-30 09068384core:MotorVehicles2022-07-012023-06-30 09068384core:FurnitureFittings2022-07-012023-06-30 09068384core:ComputerEquipment2022-07-012023-06-30 09068384core:LandBuildings2022-06-30 09068384core:PlantMachinery2022-06-30 09068384core:MotorVehicles2022-06-30 09068384core:FurnitureFittings2022-06-30 09068384core:ComputerEquipment2022-06-30 09068384core:LandBuildings2022-07-012023-06-30 09068384core:LandBuildings2023-06-30 09068384core:PlantMachinery2023-06-30 09068384core:MotorVehicles2023-06-30 09068384core:FurnitureFittings2023-06-30 09068384core:ComputerEquipment2023-06-30 090683842021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 09068384 (England and Wales)
SPOKE AND STRINGER LIMITED Unaudited accounts for the year ended 30 June 2023
SPOKE AND STRINGER LIMITED Unaudited accounts Contents
Page
- 2 -
SPOKE AND STRINGER LIMITED Company Information for the year ended 30 June 2023
Director
K Crews
Company Number
09068384 (England and Wales)
Registered Office
12 WHITING WAY WRINGTON SOMERSET BS40 5AS ENGLAND
Accountants
Streets Steele Limited Orion House, Axis 4/5 Woodlands, Bradley Stoke Bristol BS32 4JT
- 3 -
SPOKE AND STRINGER LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,938 
42,855 
Current assets
Inventories
17,500 
18,500 
Debtors
155,306 
43,873 
Cash at bank and in hand
47,518 
93,838 
220,324 
156,211 
Creditors: amounts falling due within one year
(226,764)
(184,572)
Net current liabilities
(6,440)
(28,361)
Total assets less current liabilities
22,498 
14,494 
Creditors: amounts falling due after more than one year
(514,569)
(478,595)
Net liabilities
(492,071)
(464,101)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(492,171)
(464,201)
Shareholders' funds
(492,071)
(464,101)
For the year ending 30 June 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 February 2024 and were signed on its behalf by
K Crews Director Company Registration No. 09068384
- 4 -
SPOKE AND STRINGER LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
SPOKE AND STRINGER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09068384. The registered office is 12 WHITING WAY, WRINGTON, SOMERSET, BS40 5AS, ENGLAND.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
- 5 -
SPOKE AND STRINGER LIMITED Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
18,000 
11,971 
24,915 
15,168 
3,803 
73,857 
Additions
- 
659 
- 
95 
1,438 
2,192 
At 30 June 2023
18,000 
12,630 
24,915 
15,263 
5,241 
76,049 
Depreciation
At 1 July 2022
- 
8,978 
13,270 
7,154 
1,600 
31,002 
Charge for the year
2,571 
3,089 
5,625 
3,812 
1,012 
16,109 
At 30 June 2023
2,571 
12,067 
18,895 
10,966 
2,612 
47,111 
Net book value
At 30 June 2023
15,429 
563 
6,020 
4,297 
2,629 
28,938 
At 30 June 2022
18,000 
2,993 
11,645 
8,014 
2,203 
42,855 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,105 
22,279 
Amounts due from group undertakings etc.
111,865 
- 
Accrued income and prepayments
17,836 
3,094 
Other debtors
18,500 
18,500 
155,306 
43,873 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
75,899 
- 
VAT
(3,927)
27,336 
Obligations under finance leases and hire purchase contracts
9,536 
13,658 
Trade creditors
41,602 
51,234 
Taxes and social security
7,495 
4,071 
Other creditors
38,818 
27,730 
Loans from directors
57,341 
60,543 
226,764 
184,572 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
75,581 
39,607 
Other creditors
438,988 
438,988 
514,569 
478,595 
- 6 -
SPOKE AND STRINGER LIMITED Notes to the Accounts for the year ended 30 June 2023
8
Transactions with related parties
During the year the company transacted with fellow group member companies. The total income from group companies for the year ended 30 June 2023 was £42,865 (2022: £0) The total expenses recharged to group companies for the year ended 30 June 2023 was £43,365 (2022: £0) There were outstanding receivable balances from group companies as at 30 June 2023 of £111,865 (2022: £0) All outstanding balances are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 21 (2022: 22).
10
Reconciliations on adoption of FRS 102
- 7 -