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
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
SP Hammers Limited
Statement of financial position
as at 31 December 2023
Tangible assets
257,410
279,889
Cash at bank and in hand
5,296
22,342
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
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
SP Hammers Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2023
168,705
75,307
13,398
257,410
At 31 December 2022
163,460
95,695
20,734
279,889
SP Hammers Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
17,804
49,208
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
18,151
5,370
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
Loans from directors
62,480
42,810
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,883
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).