2022-08-012023-07-312023-07-31false04497587SPENCER & RICHMAN LTD2024-01-0843390iso4217:GBPxbrli:pure044975872022-08-01044975872023-07-31044975872022-08-012023-07-31044975872021-08-01044975872022-07-31044975872021-08-012022-07-3104497587bus:SmallEntities2022-08-012023-07-3104497587bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3104497587bus:FullAccounts2022-08-012023-07-3104497587bus:PrivateLimitedCompanyLtd2022-08-012023-07-3104497587core:WithinOneYear2023-07-3104497587core:AfterOneYear2023-07-3104497587core:WithinOneYear2022-07-3104497587core:AfterOneYear2022-07-3104497587core:ShareCapital2023-07-3104497587core:SharePremium2023-07-3104497587core:RevaluationReserve2023-07-3104497587core:OtherReservesSubtotal2023-07-3104497587core:RetainedEarningsAccumulatedLosses2023-07-3104497587core:ShareCapital2022-07-3104497587core:SharePremium2022-07-3104497587core:RevaluationReserve2022-07-3104497587core:OtherReservesSubtotal2022-07-3104497587core:RetainedEarningsAccumulatedLosses2022-07-3104497587core:LandBuildings2023-07-3104497587core:PlantMachinery2023-07-3104497587core:Vehicles2023-07-3104497587core:FurnitureFittings2023-07-3104497587core:OfficeEquipment2023-07-3104497587core:NetGoodwill2023-07-3104497587core:IntangibleAssetsOtherThanGoodwill2023-07-3104497587core:ListedExchangeTraded2023-07-3104497587core:UnlistedNon-exchangeTraded2023-07-3104497587core:LandBuildings2022-07-3104497587core:PlantMachinery2022-07-3104497587core:Vehicles2022-07-3104497587core:FurnitureFittings2022-07-3104497587core:OfficeEquipment2022-07-3104497587core:NetGoodwill2022-07-3104497587core:IntangibleAssetsOtherThanGoodwill2022-07-3104497587core:ListedExchangeTraded2022-07-3104497587core:UnlistedNon-exchangeTraded2022-07-3104497587core:LandBuildings2022-08-012023-07-3104497587core:PlantMachinery2022-08-012023-07-3104497587core:Vehicles2022-08-012023-07-3104497587core:FurnitureFittings2022-08-012023-07-3104497587core:OfficeEquipment2022-08-012023-07-3104497587core:NetGoodwill2022-08-012023-07-3104497587core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3104497587core:ListedExchangeTraded2022-08-012023-07-3104497587core:UnlistedNon-exchangeTraded2022-08-012023-07-3104497587core:MoreThanFiveYears2022-08-012023-07-3104497587core:Non-currentFinancialInstruments2023-07-3104497587core:Non-currentFinancialInstruments2022-07-3104497587dpl:CostSales2022-08-012023-07-3104497587dpl:DistributionCosts2022-08-012023-07-3104497587core:LandBuildings2022-08-012023-07-3104497587core:PlantMachinery2022-08-012023-07-3104497587core:Vehicles2022-08-012023-07-3104497587core:FurnitureFittings2022-08-012023-07-3104497587core:OfficeEquipment2022-08-012023-07-3104497587dpl:AdministrativeExpenses2022-08-012023-07-3104497587core:NetGoodwill2022-08-012023-07-3104497587core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3104497587dpl:GroupUndertakings2022-08-012023-07-3104497587dpl:ParticipatingInterests2022-08-012023-07-3104497587dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3104497587core:ListedExchangeTraded2022-08-012023-07-3104497587dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3104497587core:UnlistedNon-exchangeTraded2022-08-012023-07-3104497587dpl:CostSales2021-08-012022-07-3104497587dpl:DistributionCosts2021-08-012022-07-3104497587core:LandBuildings2021-08-012022-07-3104497587core:PlantMachinery2021-08-012022-07-3104497587core:Vehicles2021-08-012022-07-3104497587core:FurnitureFittings2021-08-012022-07-3104497587core:OfficeEquipment2021-08-012022-07-3104497587dpl:AdministrativeExpenses2021-08-012022-07-3104497587core:NetGoodwill2021-08-012022-07-3104497587core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3104497587dpl:GroupUndertakings2021-08-012022-07-3104497587dpl:ParticipatingInterests2021-08-012022-07-3104497587dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3104497587core:ListedExchangeTraded2021-08-012022-07-3104497587dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3104497587core:UnlistedNon-exchangeTraded2021-08-012022-07-3104497587core:NetGoodwill2023-07-3104497587core:IntangibleAssetsOtherThanGoodwill2023-07-3104497587core:LandBuildings2023-07-3104497587core:PlantMachinery2023-07-3104497587core:Vehicles2023-07-3104497587core:FurnitureFittings2023-07-3104497587core:OfficeEquipment2023-07-3104497587core:AfterOneYear2023-07-3104497587core:WithinOneYear2023-07-3104497587core:ListedExchangeTraded2023-07-3104497587core:UnlistedNon-exchangeTraded2023-07-3104497587core:ShareCapital2023-07-3104497587core:SharePremium2023-07-3104497587core:RevaluationReserve2023-07-3104497587core:OtherReservesSubtotal2023-07-3104497587core:RetainedEarningsAccumulatedLosses2023-07-3104497587core:NetGoodwill2022-07-3104497587core:IntangibleAssetsOtherThanGoodwill2022-07-3104497587core:LandBuildings2022-07-3104497587core:PlantMachinery2022-07-3104497587core:Vehicles2022-07-3104497587core:FurnitureFittings2022-07-3104497587core:OfficeEquipment2022-07-3104497587core:AfterOneYear2022-07-3104497587core:WithinOneYear2022-07-3104497587core:ListedExc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SPENCER & RICHMAN LTD

Registered Number
04497587
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

SPENCER & RICHMAN LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

Teresa Baker
Paul Spencer

Company Secretary

Teresa Baker

Registered Address

Unit 14f Wessex Park
Somerton Business Park
Somerton
TA11 6SB

Registered Number

04497587 (England and Wales)
SPENCER & RICHMAN LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets590,90290,924
90,90290,924
Current assets
Debtors61,1051,105
Cash at bank and on hand5,1697,674
6,2748,779
Creditors amounts falling due within one year7(13,325)(14,625)
Net current assets (liabilities)(7,051)(5,846)
Total assets less current liabilities83,85185,078
Creditors amounts falling due after one year8(59,719)(59,719)
Net assets24,13225,359
Capital and reserves
Called up share capital8282
Profit and loss account24,05025,277
Shareholders' funds24,13225,359
The financial statements were approved and authorised for issue by the Board of Directors on 8 January 2024, and are signed on its behalf by:
Paul Spencer
Director
Teresa Baker
Director

Registered Company No. 04497587
SPENCER & RICHMAN LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 August 22127,31547,306174,621
At 31 July 23127,31547,306174,621
Depreciation and impairment
At 01 August 2236,48147,21683,697
Charge for year-2222
At 31 July 2336,48147,23883,719
Net book value
At 31 July 2390,8346890,902
At 31 July 2290,8349090,924
6.Debtors

2023

2022

££
Other debtors1,1051,105
Total1,1051,105
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Other creditors12,72513,725
Accrued liabilities and deferred income600900
Total13,32514,625
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2023

2022

££
Other creditors59,71959,719
Total59,71959,719