IRIS Accounts Production v23.3.1.45 09921924 director 1.6.22 31.5.23 31.5.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099219242022-05-31099219242023-05-31099219242022-06-012023-05-31099219242021-04-30099219242021-05-012022-05-31099219242022-05-3109921924ns10:Originalns15:EnglandWales2022-06-012023-05-3109921924ns14:PoundSterlingns10:Original2022-06-012023-05-3109921924ns10:Originalns10:Director12022-06-012023-05-3109921924ns10:Original2022-06-012023-05-3109921924ns10:Original2023-05-3109921924ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3109921924ns10:Originalns10:SmallEntities2022-06-012023-05-3109921924ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3109921924ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3109921924ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3109921924ns10:Originalns10:FullAccounts2022-06-012023-05-3109921924ns10:Original2021-05-012022-05-3109921924ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3109921924ns10:Originalns10:RegisteredOffice2022-06-012023-05-3109921924ns10:Original2022-05-3109921924ns10:Originalns5:CurrentFinancialInstruments2023-05-3109921924ns10:Originalns5:CurrentFinancialInstruments2022-05-3109921924ns10:Originalns5:Non-currentFinancialInstruments2023-05-3109921924ns10:Originalns5:Non-currentFinancialInstruments2022-05-3109921924ns5:ShareCapitalns10:Original2023-05-3109921924ns5:ShareCapitalns10:Original2022-05-3109921924ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3109921924ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3109921924ns10:Originalns5:PlantMachinery2022-05-3109921924ns10:Originalns5:MotorVehicles2022-05-3109921924ns10:Original2022-05-3109921924ns10:Originalns5:PlantMachinery2022-06-012023-05-3109921924ns10:Originalns5:MotorVehicles2022-06-012023-05-3109921924ns10:Originalns5:PlantMachinery2023-05-3109921924ns10:Originalns5:MotorVehicles2023-05-3109921924ns10:Originalns5:PlantMachinery2022-05-3109921924ns10:Originalns5:MotorVehicles2022-05-3109921924ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3109921924ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-05-3109921924ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3109921924ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-05-3109921924ns10:Originalns10:OrdinaryShareClass12023-05-3109921924ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3109921924ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-31
REGISTERED NUMBER: 09921924 (England and Wales)



Financial Statements for the Year Ended 31 May 2023

for

Spence Brickwork Limited

Spence Brickwork Limited (Registered number: 09921924)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Spence Brickwork Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: M K Spence





REGISTERED OFFICE: 50 Downs Way
Bookham
Surrey
KT23 4BP





REGISTERED NUMBER: 09921924 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Spence Brickwork Limited (Registered number: 09921924)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,335 20,418

CURRENT ASSETS
Debtors 5 - 3,989
Cash at bank 1,271 15,136
1,271 19,125
CREDITORS
Amounts falling due within one year 6 (49,892 ) (45,357 )
NET CURRENT LIABILITIES (48,621 ) (26,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,286

)

(5,814

)

CREDITORS
Amounts falling due after more than one year 7 (22,759 ) (29,971 )
NET LIABILITIES (55,045 ) (35,785 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (55,145 ) (35,885 )
SHAREHOLDERS' FUNDS (55,045 ) (35,785 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Spence Brickwork Limited (Registered number: 09921924)

Statement of Financial Position - continued
31 May 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 director and authorised for issue on 9 February 2024 and were signed by:





M K Spence - Director


Spence Brickwork Limited (Registered number: 09921924)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Spence Brickwork 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Spence Brickwork Limited (Registered number: 09921924)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 40,792 14,306 55,098
DEPRECIATION
At 1 June 2022 27,699 6,981 34,680
Charge for year 2,618 1,465 4,083
At 31 May 2023 30,317 8,446 38,763
NET BOOK VALUE
At 31 May 2023 10,475 5,860 16,335
At 31 May 2022 13,093 7,325 20,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
VAT - 3,989

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Tax - (797 )
Social security and other taxes 1,482 1,173
VAT 743 -
Directors' current accounts 46,667 43,981
Accrued expenses 1,000 1,000
49,892 45,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans (see note 8) 22,759 29,777
Hire purchase contracts - 194
22,759 29,971

Spence Brickwork Limited (Registered number: 09921924)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


8. LOANS

An analysis of the maturity of loans is given below:

31.5.23 31.5.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years - 439

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,759 29,338

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2022 (35,885 )
Deficit for the year (19,260 )
At 31 May 2023 (55,145 )