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REGISTERED NUMBER: 12844690 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Spearing & Sons (Booking Solutions)
Limited

Spearing & Sons (Booking Solutions)
Limited (Registered number: 12844690)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Spearing & Sons (Booking Solutions)
Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: C F Spearing





REGISTERED OFFICE: Berkeley House
Amery Street
Alton
GU34 1HN





REGISTERED NUMBER: 12844690 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

Spearing & Sons (Booking Solutions)
Limited (Registered number: 12844690)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,140 7,705

CURRENT ASSETS
Debtors 5 104,526 89,590
Cash at bank - 870
104,526 90,460
CREDITORS
Amounts falling due within one year 6 232,493 150,649
NET CURRENT LIABILITIES (127,967 ) (60,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(115,827

)

(52,484

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (115,829 ) (52,486 )
SHAREHOLDERS' FUNDS (115,827 ) (52,484 )

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 her 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 30 August 2024 and were signed by:





C F Spearing - Director


Spearing & Sons (Booking Solutions)
Limited (Registered number: 12844690)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Spearing & Sons (Booking Solutions) Limited is a private company, limited by shares , registered in England and Wales. 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.

Significant judgements and estimates
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Spearing & Sons (Booking Solutions)
Limited (Registered number: 12844690)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company meets its day to day working capital requirements through group funding. The directors consider that it is appropriate to prepare the financial statements on a going concern basis as they expect the company to be able to continue to trade within the facilities made available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 4,580 4,068 8,648
Additions - 7,865 7,865
At 31 August 2023 4,580 11,933 16,513
DEPRECIATION
At 1 September 2022 76 867 943
Charge for year 901 2,529 3,430
At 31 August 2023 977 3,396 4,373
NET BOOK VALUE
At 31 August 2023 3,603 8,537 12,140
At 31 August 2022 4,504 3,201 7,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 43,723 23,425
Amounts owed by group undertakings 60,803 50,228
Other debtors - 15,937
104,526 89,590

Spearing & Sons (Booking Solutions)
Limited (Registered number: 12844690)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 140 -
Trade creditors 7,910 15,825
Amounts owed to group undertakings 107,390 46,603
Taxation and social security 67,892 51,083
Other creditors 49,161 37,138
232,493 150,649

7. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.