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REGISTERED NUMBER: 12006468 (England and Wales)


















REPORT OF THE DIRECTORS AND

UNAUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SPIER GROUP LIMITED

SPIER GROUP LIMITED (REGISTERED NUMBER: 12006468)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Notes to the Consolidated Financial Statements 7


SPIER GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J R J Wilks
C J Creissen
M A Rothwell-Brooks





REGISTERED OFFICE: 207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL





REGISTERED NUMBER: 12006468 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

SPIER GROUP LIMITED (REGISTERED NUMBER: 12006468)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 OCTOBER 2023

The directors present their report with the financial statements of the company and the group for the year ended 31 October 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

J R J Wilks
C J Creissen
M A Rothwell-Brooks

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J R J Wilks - Director


31 July 2024

SPIER GROUP LIMITED (REGISTERED NUMBER: 12006468)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £   

TURNOVER 7,374,424 9,844,447

Cost of sales 6,345,982 8,305,522
GROSS PROFIT 1,028,442 1,538,925

Administrative expenses 622,556 422,136
OPERATING PROFIT 4 405,886 1,116,789


Interest payable and similar expenses 588 6,735
PROFIT BEFORE TAXATION 405,298 1,110,054

Tax on profit 5 (113,647 ) 51,175
PROFIT FOR THE FINANCIAL YEAR 518,945 1,058,879

Profit attributable to:
Owners of the parent 518,945 1,058,879

SPIER GROUP LIMITED (REGISTERED NUMBER: 12006468)

CONSOLIDATED BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 5,120 1,319
Investments 8 - -
5,120 1,319

CURRENT ASSETS
Debtors 9 1,473,758 2,516,873
Cash at bank 1,228,498 1,809,529
2,702,256 4,326,402
CREDITORS
Amounts falling due within one year 10 1,872,279 3,297,881
NET CURRENT ASSETS 829,977 1,028,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,097

1,029,840

PROVISIONS FOR LIABILITIES 406 251
NET ASSETS 834,691 1,029,589

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 7,893 7,893
Retained earnings 826,698 1,021,596
SHAREHOLDERS' FUNDS 834,691 1,029,589

The company and the group are 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 and the group 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 group 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 and the group as at the end of each financial year and of the group's 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 and the group.

SPIER GROUP LIMITED (REGISTERED NUMBER: 12006468)

CONSOLIDATED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





J R J Wilks - Director


SPIER GROUP LIMITED (REGISTERED NUMBER: 12006468)

COMPANY BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 - -
Investments 8 7,994 7,993
7,994 7,993

CREDITORS
Amounts falling due within one year 10 1 -
NET CURRENT LIABILITIES (1 ) -
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,993

7,993

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 7,893 7,893
SHAREHOLDERS' FUNDS 7,993 7,993

Company's profit for the financial year 720,000 782,063

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




J R J Wilks - Director C J Creissen - Director



M A Rothwell-Brooks - Director


SPIER GROUP LIMITED (REGISTERED NUMBER: 12006468)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Spier Group 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 General 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 1A '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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


SPIER GROUP LIMITED (REGISTERED NUMBER: 12006468)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2022 - 42 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 47 (2022 - 42 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/10/23 31/10/22
£    £   
Depreciation - owned assets 1,568 1,869

5. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the profit for the year was as follows:
31/10/23 31/10/22
£    £   
Current tax:
UK corporation tax - 211,247
Overprovision in previous year (113,802 ) (160,094 )
Total current tax (113,802 ) 51,153

Deferred tax 155 22
Tax on profit (113,647 ) 51,175

6. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


SPIER GROUP LIMITED (REGISTERED NUMBER: 12006468)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. TANGIBLE FIXED ASSETS

Group
Computer
equipment
£   
COST
At 1 November 2022 33,985
Additions (3,317 )
At 31 October 2023 30,668
DEPRECIATION
At 1 November 2022 23,980
Charge for year 1,568
At 31 October 2023 25,548
NET BOOK VALUE
At 31 October 2023 5,120
At 31 October 2022 10,005

8. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 November 2022 7,993
Additions 1
At 31 October 2023 7,994
NET BOOK VALUE
At 31 October 2023 7,994
At 31 October 2022 7,993


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
31/10/23 31/10/22
£    £   
Trade debtors 1,295,769 2,449,169
Amounts owed by participating interests 38,732 38,732
Other debtors 6,993 22,013
Tax 111,052 -
Prepayments and accrued income 21,092 6,839
Rent deposit 120 120
1,473,758 2,516,873

SPIER GROUP LIMITED (REGISTERED NUMBER: 12006468)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31/10/23 31/10/22 31/10/23 31/10/22
£    £    £    £   
Trade creditors 816,402 1,583,536 - -
Amounts owed to group undertakings - - 1 -
Tax - 205,327 - -
Social security and other taxes 194,544 358,990 - -
Net wages 115,146 226,398 - -
Pensions payable 29,505 39,517 - -
VAT 305,038 456,252 - -
Other creditors 1,208 1,764 - -
Directors' current accounts 463 463 - -
Accrued expenses 409,973 425,634 - -
1,872,279 3,297,881 1 -

11. SUBSIDIARY UNDERTAKINGS

The company had two wholly owned subsidiary companies for the whole of the year as follows:

Spier Consulting Limited
Theimpact.Team Limited

On 11 April 2023, the company acquired 100% of Glock Enterprises Ltd.

The registered office for all companies is:

207 Knutsford Road
Grappenhall
Warrington
WA4 2QL