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REGISTERED NUMBER: 01318456 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

ConSpare Holdings Limited

ConSpare Holdings Limited (Registered number: 01318456)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ConSpare Holdings Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr J R Bullock
Mr D P Bullock
Mr J A Bullock
Mrs A H Barry
Mr T J Bullock





SECRETARY: Mr J A Bullock





REGISTERED OFFICE: Unit 1 Castlewood Business Park
Farmwell Lane
Sutton-in-Ashfield
Nottinghamshire
NG17 1BX





REGISTERED NUMBER: 01318456 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Hine House
25 Regent Street
Nottingham
NG1 5BS

ConSpare Holdings Limited (Registered number: 01318456)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 200,000 200,000

CURRENT ASSETS
Debtors 5 4,397 203,714
Cash at bank 1,329,571 1,351,211
1,333,968 1,554,925
CREDITORS
Amounts falling due within one year 6 109,350 115,720
NET CURRENT ASSETS 1,224,618 1,439,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,424,618

1,639,205

CREDITORS
Amounts falling due after more than
one year

7

500,000

500,000
NET ASSETS 924,618 1,139,205

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Revaluation reserve 50 50
Retained earnings 904,568 1,119,155
SHAREHOLDERS' FUNDS 924,618 1,139,205

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

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

The directors acknowledge their 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.

ConSpare Holdings Limited (Registered number: 01318456)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr D P Bullock - Director


ConSpare Holdings Limited (Registered number: 01318456)

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

1. STATUTORY INFORMATION

ConSpare Holdings 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.

These financial statements have been prepared on a going concern basis. Although the Covid-19 pandemic initially created general economic uncertainty, the finances of the company, together with the other companies in the group, have proved sufficiently robust to minimise the financial impact of the various restrictions and lockdown periods that have directly affected the group's trade.

Preparation of consolidated financial statements
The financial statements contain information about ConSpare Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.


ConSpare Holdings Limited (Registered number: 01318456)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 200,000
NET BOOK VALUE
At 31 October 2023 200,000
At 31 October 2022 200,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

ConSpare Limited
Registered office: Unite Kingdom
Nature of business: Supplying concrete mixers and spare parts
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 2,332,193 2,024,739
Profit for the year 322,454 483,205

ConSpare Holdings Limited (Registered number: 01318456)

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

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 442 100,000
VAT 3,955 3,714
4,397 103,714

Amounts falling due after more than one year:
Amounts owed by group undertakings - 100,000

Aggregate amounts 4,397 203,714

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,400
Taxation and social security 109,243 113,244
Other creditors 107 76
109,350 115,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 500,000 500,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 500,000 500,000

The preference shares are not redeemable, do not carry any voting rights, and are entitled to an annual dividend of 3%.