1 July 2022 false No description of principal activity Taxfiler 2023.12 12779052business:PrivateLimitedCompanyLtd2022-07-012023-06-30 127790522022-06-30 127790522022-07-012023-06-30 12779052business:AuditExemptWithAccountantsReport2022-07-012023-06-30 12779052business:FilletedAccounts2022-07-012023-06-30 127790522023-06-30 12779052business:Director12022-07-012023-06-30 12779052business:Director22022-07-012023-06-30 12779052business:RegisteredOffice2022-07-012023-06-30 127790522022-06-30 12779052core:WithinOneYear2023-06-30 12779052core:WithinOneYear2022-06-30 12779052core:AfterOneYear2023-06-30 12779052core:AfterOneYear2022-06-30 12779052core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 12779052core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 12779052core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 12779052core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 12779052core:PreviouslyStatedAmount2023-06-30 12779052core:PreviouslyStatedAmount2022-06-30 12779052business:SmallEntities2022-07-012023-06-30 12779052countries:EnglandWales2022-07-012023-06-30 12779052core:PlantMachinery2022-07-012023-06-30 12779052core:MotorVehicles2022-07-012023-06-30 12779052core:Goodwill2022-06-30 12779052core:IntangibleAssetsOtherThanGoodwill2022-06-30 12779052core:Goodwill2023-06-30 12779052core:IntangibleAssetsOtherThanGoodwill2023-06-30 12779052core:Goodwill2022-07-012023-06-30 12779052core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-30 12779052core:PlantMachinery2022-06-30 12779052core:MotorVehicles2022-06-30 12779052core:PlantMachinery2023-06-30 12779052core:MotorVehicles2023-06-30 12779052core:MoreThanFiveYears2023-06-30 12779052core:MoreThanFiveYears2022-06-30 12779052core:AfterOneYear2022-07-012023-06-30 127790522021-04-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 12779052 (England and Wales)
SP Toiletries 21 Limited Unaudited accounts for the year ended 30 June 2023
SP Toiletries 21 Limited Unaudited accounts Contents
Page
- 2 -
SP Toiletries 21 Limited Company Information for the year ended 30 June 2023
Directors
Mr Adam Michael Alan Sains Mr Matthew Paul Sains
Company Number
12779052 (England and Wales)
Registered Office
C/O Southern Accounting Limited 24 Halden Field, Rolvenden Cranbrook Kent TN17 4BX England
Accountants
Southern Accounting Limited 24 Halden Field Rolvenden Cranbrook Kent TN17 4BX
- 3 -
SP Toiletries 21 Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,288 
13,717 
Tangible assets
58,570 
34,068 
68,858 
47,785 
Current assets
Inventories
132,234 
127,262 
Debtors
50,476 
27,881 
Cash at bank and in hand
119,845 
109,272 
302,555 
264,415 
Creditors: amounts falling due within one year
(123,268)
(78,072)
Net current assets
179,287 
186,343 
Total assets less current liabilities
248,145 
234,128 
Creditors: amounts falling due after more than one year
(150,250)
(165,726)
Provisions for liabilities
Deferred tax
(14,643)
- 
Net assets
83,252 
68,402 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
83,242 
68,392 
Shareholders' funds
83,252 
68,402 
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 directors acknowledge their 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 of Directors and authorised for issue on 11 January 2024 and were signed on its behalf by
Mr Matthew Paul Sains Director Company Registration No. 12779052
- 4 -
SP Toiletries 21 Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
SP Toiletries 21 Limited is a private company, limited by shares, registered in England and Wales, registration number 12779052. The registered office is C/O Southern Accounting Limited, 24 Halden Field, Rolvenden, Cranbrook, Kent, TN17 4BX, 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% Reducing Balance
Motor vehicles
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
SP Toiletries 21 Limited Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 July 2022
17,140 
6 
17,146 
At 30 June 2023
17,140 
6 
17,146 
Amortisation
At 1 July 2022
3,428 
1 
3,429 
Charge for the year
3,428 
1 
3,429 
At 30 June 2023
6,856 
2 
6,858 
Net book value
At 30 June 2023
10,284 
4 
10,288 
At 30 June 2022
13,712 
5 
13,717 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
36,726 
8,000 
44,726 
Additions
- 
36,400 
36,400 
Disposals
- 
(1,500)
(1,500)
At 30 June 2023
36,726 
42,900 
79,626 
Depreciation
At 1 July 2022
8,752 
1,906 
10,658 
Charge for the year
7,316 
3,673 
10,989 
On disposals
- 
(591)
(591)
At 30 June 2023
16,068 
4,988 
21,056 
Net book value
At 30 June 2023
20,658 
37,912 
58,570 
At 30 June 2022
27,974 
6,094 
34,068 
6
Inventories
2023 
2022 
£ 
£ 
Raw materials
104,586 
109,262 
Finished goods
27,648 
18,000 
132,234 
127,262 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
32,182 
11,403 
Accrued income and prepayments
18,294 
16,478 
50,476 
27,881 
- 6 -
SP Toiletries 21 Limited Notes to the Accounts for the year ended 30 June 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
15,534 
23,343 
Trade creditors
66,183 
11,673 
Taxes and social security
8,365 
21,111 
Other creditors
28,976 
19,287 
Loans from directors
3,949 
2,658 
Accruals
261 
- 
123,268 
78,072 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
150,250 
165,726 
Aggregate of amounts that fall due for payment after five years
126,250 
141,726 
Included within Other Creditors is a deferred payment plan for the purchase of assets from S.P. Holdings (Woodchurch) Ltd. Repayment is based upon units sold with a minimum repayment required of £6,000 per annum. This agreement is interest free and unsecured. The balance owed on the deferred payment plan at the balance sheet date was £156,250 (2021: £171,726).
10
Average number of employees
During the year the average number of employees was 8 (2022: 7).
- 7 -