Company Registration No. 11910800 (England and Wales)
Spiller Commercial Holdings Limited
Unaudited accounts
for the year ended 31 December 2023
Spiller Commercial Holdings Limited
Unaudited accounts
Contents
Spiller Commercial Holdings Limited
Company Information
for the year ended 31 December 2023
Company Number
11910800 (England and Wales)
Registered Office
26 KINGS PARADE AVENUE
BRISTOL
BS8 2RE
ENGLAND
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Spiller Commercial Holdings Limited
for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Spiller Commercial Holdings Limited for the year ended 31 December 2023 which comprise of 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 CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
17 September 2024
Spiller Commercial Holdings Limited
Statement of financial position
as at 31 December 2023
Tangible assets
50,450
63,549
Investment property
4,600,000
-
Inventories
1,040,943
2,005,519
Cash at bank and in hand
57,071
330,521
Creditors: amounts falling due within one year
(1,708,185)
(1,351,310)
Net current (liabilities)/assets
(158,045)
1,320,060
Total assets less current liabilities
4,492,405
1,383,609
Creditors: amounts falling due after more than one year
(1,615,639)
(580,994)
Provisions for liabilities
Net assets
2,386,567
802,615
Called up share capital
2,000
2,000
Profit and loss account
2,384,567
800,615
Shareholders' funds
2,386,567
802,615
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 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 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 and authorised for issue on 17 September 2024 and were signed on its behalf by
Alan Spiller
Director
Company Registration No. 11910800
Spiller Commercial Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
Spiller Commercial Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11910800. The registered office is 26 KINGS PARADE AVENUE, BRISTOL, BS8 2RE, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
4 years straight line
Motor vehicles
4 years straight line
Fixtures & fittings
3 years straight line
Investments in shares are included at fair value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Spiller Commercial Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
33,013
277,889
310,902
Additions
2,865
21,950
24,815
Disposals
-
(41,568)
(41,568)
At 31 December 2023
35,878
258,271
294,149
At 1 January 2023
27,050
220,303
247,353
Charge for the year
3,292
19,689
22,981
On disposals
-
(26,635)
(26,635)
At 31 December 2023
30,342
213,357
243,699
At 31 December 2023
5,536
44,914
50,450
At 31 December 2022
5,963
57,586
63,549
Net gain from fair value adjustments
1,960,798
At 31 December 2023
4,600,000
Work in progress
1,040,943
2,005,519
Amounts falling due within one year
Trade debtors
356,035
92,236
Accrued income and prepayments
13,405
16,896
Other debtors
82,686
226,164
Spiller Commercial Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
136,453
387
Trade creditors
1,007,355
646,305
Taxes and social security
310,673
217,806
Other creditors
18,937
329,620
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,400,743
256,355
Other creditors
18,639
18,639
Loans from directors
196,257
306,000
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).