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REGISTERED NUMBER: SC638497 (Scotland)















Spink Architectural Design Ltd

Financial Statements For The Year Ended 31 August 2023






Spink Architectural Design Ltd (Registered number: SC638497)






Contents of the Financial Statements
For The Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Spink Architectural Design Ltd

Company Information
For The Year Ended 31 August 2023







DIRECTOR: K Spink





REGISTERED OFFICE: The Cottage
Househill
Nairn
IV12 5RY





REGISTERED NUMBER: SC638497 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Spink Architectural Design Ltd (Registered number: SC638497)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,093 4,124
Investments 5 1 1
3,094 4,125

CURRENT ASSETS
Stocks 4,750 8,445
Debtors 6 12,507 16,006
Cash at bank 2,900 5,847
20,157 30,298
CREDITORS
Amounts falling due within one year 7 14,556 10,663
NET CURRENT ASSETS 5,601 19,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,695

23,760

CREDITORS
Amounts falling due after more than one
year

8

-

(1,405

)

PROVISIONS FOR LIABILITIES 9 (588 ) (784 )
NET ASSETS 8,107 21,571

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 8,106 21,570
SHAREHOLDERS' FUNDS 8,107 21,571

Spink Architectural Design Ltd (Registered number: SC638497)

Balance Sheet - continued
31 August 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 20 August 2024 and were signed by:





K Spink - Director


Spink Architectural Design Ltd (Registered number: SC638497)

Notes to the Financial Statements
For The Year Ended 31 August 2023

1. STATUTORY INFORMATION

Spink Architectural Design Ltd is a private company, limited by shares , registered in Scotland. 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Spink Architectural Design Ltd (Registered number: SC638497)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 September 2022
and 31 August 2023 4,776
DEPRECIATION
At 1 September 2022 652
Charge for year 1,031
At 31 August 2023 1,683
NET BOOK VALUE
At 31 August 2023 3,093
At 31 August 2022 4,124

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Equipment
£   
COST
At 1 September 2022
and 31 August 2023 3,748
DEPRECIATION
At 1 September 2022 544
Charge for year 801
At 31 August 2023 1,345
NET BOOK VALUE
At 31 August 2023 2,403
At 31 August 2022 3,204

5. FIXED ASSET INVESTMENTS

In the year to 31 August 2022, the company acquired 100% of the issued share capital in Fourtwo Performance Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 12,507 16,006

Spink Architectural Design Ltd (Registered number: SC638497)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 1,405 1,874
Trade creditors 706 -
Taxation and social security 9,448 6,657
Other creditors 2,997 2,132
14,556 10,663

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts - 1,405

9. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 588 784

Deferred
tax
£   
Balance at 1 September 2022 784
Credit to Income Statement during year (196 )
Balance at 31 August 2023 588

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 September 2022 21,570
Profit for the year 11,061
Dividends (24,525 )
At 31 August 2023 8,106

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,525 (2022 - £19,400) were paid to the director .

Spink Architectural Design Ltd (Registered number: SC638497)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

12. RELATED PARTY DISCLOSURES - continued

K Spink
is a director of the company


An Interest free loan has been given to the director by the company. There are no repayment terms.

31.8.23 31.8.22
£    £   
Amount due to related party at the balance sheet date 20 19

Fourtwo Performance Ltd

100% of the share capital owned by Spink Architectural Design Ltd


The loan has been given given an interest free loan. There are no repayment terms

31.8.23 31.8.22
£    £   
Amount due to related party at the balance sheet date 92 1,212

13. ULTIMATE CONTROLLING PARTY

The controlling party is K Spink.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Spink Architectural Design Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spink Architectural Design Ltd for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Spink Architectural Design Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spink Architectural Design Ltd and state those matters that we have agreed to state to the director of Spink Architectural Design Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spink Architectural Design Ltd and its director for our work or for this report.

It is your duty to ensure that Spink Architectural Design Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spink Architectural Design Ltd. You consider that Spink Architectural Design Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spink Architectural Design 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 financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


20 August 2024