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REGISTERED NUMBER: 05308290 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Spen Building Services Ltd

Spen Building Services Ltd (Registered number: 05308290)






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


Spen Building Services Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: N Woollands





REGISTERED OFFICE: Stross House
Scout Hill Mills
Broad Street
Dewsbury
WF13 3SA





REGISTERED NUMBER: 05308290 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Spen Building Services Ltd (Registered number: 05308290)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,156 3,029

CURRENT ASSETS
Stocks 5 10,490 8,395
Debtors 6 60,404 50,834
Cash at bank 185,570 -
256,464 59,229
CREDITORS
Amounts falling due within one year 7 227,562 37,221
NET CURRENT ASSETS 28,902 22,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,058

25,037

CREDITORS
Amounts falling due after more than one
year

8

(7,500

)

(10,500

)

PROVISIONS FOR LIABILITIES 9 (2,310 ) (576 )
NET ASSETS 31,248 13,961

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 31,148 13,861
SHAREHOLDERS' FUNDS 31,248 13,961

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.

Spen Building Services Ltd (Registered number: 05308290)

Balance Sheet - continued
31 August 2023


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 29 August 2024 and were signed by:





N Woollands - Director


Spen Building Services Ltd (Registered number: 05308290)

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

1. STATUTORY INFORMATION

Spen Building Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Plant & office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

Spen Building Services Ltd (Registered number: 05308290)

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

2. ACCOUNTING POLICIES - continued

Turnover and revenue recognition
Turnover represents revenue recognised in the accounts. Revenue comprises the fair value of the consideration received or receivable, net of value added tax.

Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is measured by surveys of work performed to date. Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2022 6,907 10,650 17,557
Additions 11,440 - 11,440
At 31 August 2023 18,347 10,650 28,997
DEPRECIATION
At 1 September 2022 5,300 9,228 14,528
Charge for year 1,957 356 2,313
At 31 August 2023 7,257 9,584 16,841
NET BOOK VALUE
At 31 August 2023 11,090 1,066 12,156
At 31 August 2022 1,607 1,422 3,029

5. STOCKS
2023 2022
£    £   
Stocks 10,490 8,395

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,905 29,114
Amounts recoverable on contract 19,707 20,957
Prepayments 792 763
60,404 50,834

Spen Building Services Ltd (Registered number: 05308290)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan 3,000 10,029
Trade creditors 208,336 19,218
Tax 2,321 2,602
Social security and other taxes 12,035 1,762
Other creditors and accruals 1,870 3,610
227,562 37,221

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 7,500 10,500

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The bank loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,310 576

Deferred
tax
£   
Balance at 1 September 2022 576
Utilised during year 1,734
Balance at 31 August 2023 2,310

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 September 2022 13,861
Profit for the year 17,287
At 31 August 2023 31,148

Spen Building Services Ltd (Registered number: 05308290)

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

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Woollands.