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Company Registration No. 03882801 (England and Wales)
SP Hammers Limited Unaudited accounts for the year ended 31 December 2023
SP Hammers Limited Unaudited accounts Contents
Page
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SP Hammers Limited Company Information for the year ended 31 December 2023
Directors
Steven Vincent Lisa Vincent
Company Number
03882801 (England and Wales)
Registered Office
Unit 8 Peel Ind Est Peel Industrial Estate Chamberhall Street Bury BL9 0LU
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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SP Hammers Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
257,410 
279,889 
Current assets
Debtors
18,554 
49,958 
Cash at bank and in hand
5,296 
22,342 
23,850 
72,300 
Creditors: amounts falling due within one year
(109,076)
(103,047)
Net current liabilities
(85,226)
(30,747)
Total assets less current liabilities
172,184 
249,142 
Creditors: amounts falling due after more than one year
(70,181)
(92,231)
Net assets
102,003 
156,911 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
101,903 
156,811 
Shareholders' funds
102,003 
156,911 
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 6 June 2024 and were signed on its behalf by
Steven Vincent Director Company Registration No. 03882801
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SP Hammers Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SP Hammers Limited is a private company, limited by shares, registered in England and Wales, registration number 03882801. The registered office is Unit 8 Peel Ind Est, Peel Industrial Estate, Chamberhall Street, Bury, BL9 0LU.
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 year, 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:
Land & buildings
Nil depreciation charge
Plant & machinery
10% straight line method
Motor vehicles
25% straight line method
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
163,460 
164,605 
46,225 
374,290 
Additions
5,245 
500 
- 
5,745 
Disposals
- 
(7,830)
- 
(7,830)
At 31 December 2023
168,705 
157,275 
46,225 
372,205 
Depreciation
At 1 January 2023
- 
68,910 
25,491 
94,401 
Charge for the year
- 
13,728 
7,336 
21,064 
On disposals
- 
(670)
- 
(670)
At 31 December 2023
- 
81,968 
32,827 
114,795 
Net book value
At 31 December 2023
168,705 
75,307 
13,398 
257,410 
At 31 December 2022
163,460 
95,695 
20,734 
279,889 
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SP Hammers Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,804 
49,208 
Other debtors
750 
750 
18,554 
49,958 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
18,151 
5,370 
VAT
3,143 
4,902 
Obligations under finance leases and hire purchase contracts
10,395 
38,960 
Trade creditors
10,625 
2,688 
Taxes and social security
1,990 
4,144 
Other creditors
982 
1,189 
Loans from directors
62,480 
42,810 
Accruals
1,310 
2,984 
109,076 
103,047 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
61,298 
92,231 
Obligations under finance leases and hire purchase contracts
8,883 
- 
70,181 
92,231 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Steven Vincent
Directors's loan account
(42,810)
(21,284)
(1,614)
(62,480)
(42,810)
(21,284)
(1,614)
(62,480)
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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