Acorah Software Products - Accounts Production 15.0.400 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08298791 Mr Carl Spencer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08298791 2022-11-30 08298791 2023-11-30 08298791 2022-12-01 2023-11-30 08298791 frs-core:CurrentFinancialInstruments 2023-11-30 08298791 frs-core:PlantMachinery 2023-11-30 08298791 frs-core:PlantMachinery 2022-12-01 2023-11-30 08298791 frs-core:PlantMachinery 2022-11-30 08298791 frs-core:ShareCapital 2023-11-30 08298791 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08298791 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08298791 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08298791 frs-bus:SmallEntities 2022-12-01 2023-11-30 08298791 frs-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08298791 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08298791 frs-bus:Director1 2022-12-01 2023-11-30 08298791 frs-bus:Director1 2022-11-30 08298791 frs-bus:Director1 2023-11-30 08298791 frs-countries:EnglandWales 2022-12-01 2023-11-30 08298791 2021-11-30 08298791 2022-11-30 08298791 2021-12-01 2022-11-30 08298791 frs-core:CurrentFinancialInstruments 2022-11-30 08298791 frs-core:Non-currentFinancialInstruments 2022-11-30 08298791 frs-core:ShareCapital 2022-11-30 08298791 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 08298791
Carl John Spencer Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Quest Accounting Services Limited
Suite 110, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FD
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Carl John Spencer Limited for the year ended year which comprise the Profit and Loss Account, the 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of Carl John Spencer Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Carl John Spencer Limited and state those matters that we have agreed to state to the director of Carl John Spencer Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Carl John Spencer Limited 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 Carl John Spencer Limited . You consider that Carl John Spencer Limited 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 Carl John Spencer Limited . 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.
Signed
Quest Accounting Services Limited
27th August 2024
Quest Accounting Services Limited
Suite 110, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FD
Page 1
Page 2
Balance Sheet
Registered number: 08298791
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 733 1,100
733 1,100
CURRENT ASSETS
Debtors 5 1,780 9,439
Cash at bank and in hand 10,687 6,391
12,467 15,830
Creditors: Amounts Falling Due Within One Year 6 (9,495 ) (10,180 )
NET CURRENT ASSETS (LIABILITIES) 2,972 5,650
TOTAL ASSETS LESS CURRENT LIABILITIES 3,705 6,750
NET ASSETS 3,705 6,750
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 3,605 6,650
SHAREHOLDERS' FUNDS 3,705 6,750
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Carl Spencer
Director
28th August 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Carl John Spencer Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08298791 . The registered office is 106 Malthouse Lane, Earlswood, Solihull, West Midlands, B94 5SA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 4 Years Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 9,572
As at 30 November 2023 9,572
Depreciation
As at 1 December 2022 8,472
Provided during the period 367
As at 30 November 2023 8,839
Net Book Value
As at 30 November 2023 733
As at 1 December 2022 1,100
5. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 1,780 -
Due after more than one year
Corporation tax recoverable assets - 1,780
Directors loan account - 7,659
- 9,439
1,780 9,439
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other taxes and social security 9,495 10,180
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Carl Spencer 7,659 - 7,659 - -
The above loan is unsecured, interest free and repayable on demand.
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