IRIS Accounts Productionv24.1.9.200616885Board of DirectorsBoard of Directors1.1.2331.12.2331.12.23falsetruefalsefalsetruefalse iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006168852022-12-31006168852023-12-31006168852023-01-012023-12-31006168852021-12-31006168852022-01-012022-12-31006168852022-12-3100616885ns15:EnglandWales2023-01-012023-12-3100616885ns14:PoundSterling2023-01-012023-12-3100616885ns10:Director12023-01-012023-12-3100616885ns10:Director22023-01-012023-12-3100616885ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100616885ns10:SmallEntities2023-01-012023-12-3100616885ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3100616885ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100616885ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100616885ns10:FullAccounts2023-01-012023-12-3100616885ns10:Director32023-01-012023-12-3100616885ns10:CompanySecretary12023-01-012023-12-3100616885ns10:RegisteredOffice2023-01-012023-12-3100616885ns5:CurrentFinancialInstruments2023-12-3100616885ns5:CurrentFinancialInstruments2022-12-3100616885ns5:ShareCapital2023-12-3100616885ns5:ShareCapital2022-12-3100616885ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3100616885ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3100616885ns5:RetainedEarningsAccumulatedLosses2023-12-3100616885ns5:RetainedEarningsAccumulatedLosses2022-12-3100616885ns5:PlantMachinery2022-12-3100616885ns5:PlantMachinery2023-01-012023-12-3100616885ns5:PlantMachinery2023-12-3100616885ns5:PlantMachinery2022-12-3100616885ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100616885ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100616885ns5:RetainedEarningsAccumulatedLosses2022-12-3100616885ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3100616885ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31

REGISTERED NUMBER: 00616885 (England and Wales)
















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR


H.J.SPILLER(HIRE)LIMITED


H.J.SPILLER(HIRE)LIMITED (REGISTERED NUMBER: 00616885)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023











Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




H.J.SPILLER(HIRE)LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTORS:

M Farley


L Farley


F P Farley Butterfield





SECRETARY:

L Farley





REGISTERED OFFICE:

1-21 Brunel Road


Acton


London


W3 7XR





REGISTERED NUMBER:

00616885 (England and Wales)





ACCOUNTANTS:

Diverset Limited


Chartered Accountants


Ferrari House


258 Field End Road


Ruislip


Middlesex


HA4 9UU





BANKERS:

National Westminster Bank


Scotland Corporate Service Team


Audit Team


Drummond House


Edinburgh


EH12 9JN


H.J.SPILLER(HIRE)LIMITED (REGISTERED NUMBER: 00616885)


BALANCE SHEET

31 DECEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

734,198


772,878




CURRENT ASSETS

Debtors

5

2,809,094


2,606,582



Cash at bank

66,724


91,431



2,875,818


2,698,013



CREDITORS

Amounts falling due within one year

6

78,278


114,051



NET CURRENT ASSETS

2,797,540


2,583,962



TOTAL ASSETS LESS CURRENT LIABILITIES

3,531,738


3,356,840




PROVISIONS FOR LIABILITIES

183,549


146,847



NET ASSETS

3,348,189


3,209,993




CAPITAL AND RESERVES

Called up share capital

510


510



Fair value reserve

7

469,097


820,303



Retained earnings

7

2,878,582


2,389,180



SHAREHOLDERS' FUNDS

3,348,189


3,209,993




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.


H.J.SPILLER(HIRE)LIMITED (REGISTERED NUMBER: 00616885)


BALANCE SHEET - continued

31 DECEMBER 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:





M Farley - Director




L Farley - Director



H.J.SPILLER(HIRE)LIMITED (REGISTERED NUMBER: 00616885)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023



1.

STATUTORY INFORMATION



H.J.Spiller(Hire)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 as modified by the revaluation of certain assets.    



The directors have concluded that the company is and remains a going concern based on continued support from the parent company, Classical & Contemporary Art Hire Limited.



Related party exemption


The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.



Turnover


Turnover represents amounts receivable for goods and services net of VAT and trade discounts.



Tangible fixed assets


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


Plant and machinery - 5% on reducing balance to residue value.
Fixtures and fittings - 5% on reducing balance to residue value.


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.


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.

H.J.SPILLER(HIRE)LIMITED (REGISTERED NUMBER: 00616885)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



2.

ACCOUNTING POLICIES - continued



Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

3.

EMPLOYEES AND DIRECTORS



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


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST OR VALUATION


At 1 January 2023

1,109,049




Disposals

(318

)



At 31 December 2023

1,108,731




DEPRECIATION


At 1 January 2023

336,171




Charge for year

38,628




Eliminated on disposal

(266

)



At 31 December 2023

374,533




NET BOOK VALUE


At 31 December 2023

734,198




At 31 December 2022

772,878





Cost or valuation at 31 December 2023 is represented by:



Plant and


machinery


etc

£   



Valuation in 2016

1,000,000




Cost

108,731



1,108,731




H.J.SPILLER(HIRE)LIMITED (REGISTERED NUMBER: 00616885)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



4.

TANGIBLE FIXED ASSETS - continued



If assets for hire had not been revalued they would have been included at the following historical cost:


2023

2022


£   

£   



Cost

108,731


109,001





Assets for hire were valued on an open market basis on 1 April 2016 by The Auction Room .


5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade debtors

22,730


25,338




Amounts owed by group undertakings

2,786,364


2,581,244



2,809,094


2,606,582




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade creditors

641


391




Taxation and social security

74,886


111,211




Other creditors

2,751


2,449



78,278


114,051




7.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 January 2023

2,389,180


820,303


3,209,483




Profit for the year

138,196


-


138,196




Transfer between reserves

351,206


(351,206

)

-




At 31 December 2023

2,878,582


469,097


3,347,679




8.

ULTIMATE CONTROLLING PARTY



The ultimate controlling party is M Farley.