Company Registration No. 13630381 (England and Wales)
J. Spence Ltd
Unaudited accounts
for the year ended 30 September 2023
J. Spence Ltd
Unaudited accounts
Contents
J. Spence Ltd
Company Information
for the year ended 30 September 2023
Company Number
13630381 (England and Wales)
Registered Office
51 Main Road
Emsworth
PO10 8AR
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
J. Spence Ltd
Accountants' report
Accountants' report to the director of J. Spence Ltd on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
J. Spence Ltd for the year ended
30 September 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of J. Spence Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of J. Spence Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. Spence Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J. Spence Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J. Spence Ltd. You consider that J. Spence Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J. Spence Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
20 January 2024
J. Spence Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
14,825
16,374
Cash at bank and in hand
4,570
7,594
Creditors: amounts falling due within one year
(16,625)
(27,063)
Net current liabilities
(6,395)
(19,469)
Net assets/(liabilities)
8,430
(3,095)
Called up share capital
1
1
Profit and loss account
8,429
(3,096)
Shareholders' funds
8,430
(3,095)
For the year ending 30 September 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 20 January 2024 and were signed on its behalf by
Joel Spence
Director
Company Registration No. 13630381
J. Spence Ltd
Notes to the Accounts
for the year ended 30 September 2023
J. Spence Ltd is a private company, limited by shares, registered in England and Wales, registration number 13630381. The registered office is 51 Main Road, Emsworth, PO10 8AR, 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.
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
Computer equipment
33% straight-line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
2,332
19,500
-
21,832
Additions
4,700
-
798
5,498
Disposals
-
(3,300)
-
(3,300)
At 30 September 2023
7,032
16,200
798
24,030
At 1 October 2022
583
4,875
-
5,458
Charge for the year
1,480
3,037
55
4,572
On disposals
-
(825)
-
(825)
At 30 September 2023
2,063
7,087
55
9,205
At 30 September 2023
4,969
9,113
743
14,825
At 30 September 2022
1,749
14,625
-
16,374
J. Spence Ltd
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,862
-
Loans from directors
10,389
26,499
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(26,499)
(3,445)
(19,555)
(10,389)
(26,499)
(3,445)
(19,555)
(10,389)
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).