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Company Registration No. 13630381 (England and Wales)
J. Spence Ltd Unaudited accounts for the period from 1 October 2023 to 30 April 2024
J. Spence Ltd Unaudited accounts Contents
Page
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J. Spence Ltd Company Information for the period from 1 October 2023 to 30 April 2024
Director
Joel Spence
Company Number
13630381 (England and Wales)
Registered Office
51 Main Road Emsworth PO10 8AR England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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J. Spence Ltd Accountants' report
Accountants' report to the director of J. Spence Ltd on the preparation of the unaudited statutory accounts for the period from 1 October 2023 to 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J. Spence Ltd for the period from 1 October 2023 to 30 April 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of J. Spence Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of J. Spence Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. Spence Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J. Spence Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of J. Spence Ltd. You consider that J. Spence Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of J. Spence Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 31 July 2024
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J. Spence Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,616 
14,825 
Current assets
Debtors
6,378 
5,660 
Cash at bank and in hand
148 
4,570 
6,526 
10,230 
Creditors: amounts falling due within one year
(22,705)
(16,625)
Net current liabilities
(16,179)
(6,395)
Net (liabilities)/assets
(3,563)
8,430 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,564)
8,429 
Shareholders' funds
(3,563)
8,430 
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2024 and were signed on its behalf by
Joel Spence Director Company Registration No. 13630381
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J. Spence Ltd Notes to the Accounts for the period from 1 October 2023 to 30 April 2024
1
Statutory information
J. Spence Ltd is a private company, limited by shares, registered in England and Wales, registration number 13630381. The registered office is 51 Main Road, Emsworth, PO10 8AR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% straight-line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
7,032 
16,200 
798 
24,030 
At 30 April 2024
7,032 
16,200 
798 
24,030 
Depreciation
At 1 October 2023
2,063 
7,087 
55 
9,205 
Charge for the period
725 
1,329 
155 
2,209 
At 30 April 2024
2,788 
8,416 
210 
11,414 
Net book value
At 30 April 2024
4,244 
7,784 
588 
12,616 
At 30 September 2023
4,969 
9,113 
743 
14,825 
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J. Spence Ltd Notes to the Accounts for the period from 1 October 2023 to 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,601 
5,577 
Trade debtors
777 
83 
6,378 
5,660 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,050 
3,165 
Taxes and social security
591 
2,862 
Loans from directors
17,619 
10,389 
Accruals
1,445 
209 
22,705 
16,625 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Joel Spence
Director Loan Account
(10,389)
(7,230)
- 
(17,619)
(10,389)
(7,230)
- 
(17,619)
8
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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