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
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
SP Toiletries 21 Limited
Statement of financial position
as at 30 June 2023
Intangible assets
10,288
13,717
Tangible assets
58,570
34,068
Inventories
132,234
127,262
Cash at bank and in hand
119,845
109,272
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
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
SP Toiletries 21 Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
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.
SP Toiletries 21 Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
Other
Total
At 1 July 2022
17,140
6
17,146
At 30 June 2023
17,140
6
17,146
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
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
Disposals
-
(1,500)
(1,500)
At 30 June 2023
36,726
42,900
79,626
At 1 July 2022
8,752
1,906
10,658
Charge for the year
7,316
3,673
10,989
At 30 June 2023
16,068
4,988
21,056
At 30 June 2023
20,658
37,912
58,570
At 30 June 2022
27,974
6,094
34,068
Raw materials
104,586
109,262
Finished goods
27,648
18,000
Amounts falling due within one year
Trade debtors
32,182
11,403
Accrued income and prepayments
18,294
16,478
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
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
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).