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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
Page
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Spiller Commercial Holdings Limited Company Information for the year ended 31 December 2023
Director
Alan Spiller
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
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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
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Spiller Commercial Holdings Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,450 
63,549 
Investment property
4,600,000 
- 
4,650,450 
63,549 
Current assets
Inventories
1,040,943 
2,005,519 
Debtors
452,126 
335,330 
Cash at bank and in hand
57,071 
330,521 
1,550,140 
2,671,370 
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
Deferred tax
(490,199)
- 
Net assets
2,386,567 
802,615 
Capital and reserves
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
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Spiller Commercial Holdings Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Investments in shares are included at fair value.
Deferred taxation
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.
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Spiller Commercial Holdings Limited Notes to the Accounts for the year ended 31 December 2023
Leased assets
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 
Depreciation
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 
Net book value
At 31 December 2023
5,536 
44,914 
50,450 
At 31 December 2022
5,963 
57,586 
63,549 
5
Investment property
2023 
£ 
Additions
2,639,202 
Net gain from fair value adjustments
1,960,798 
At 31 December 2023
4,600,000 
6
Inventories
2023 
2022 
£ 
£ 
Work in progress
1,040,943 
2,005,519 
1,040,943 
2,005,519 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
34 
Trade debtors
356,035 
92,236 
Accrued income and prepayments
13,405 
16,896 
Other debtors
82,686 
226,164 
452,126 
335,330 
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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 
VAT
229,927 
154,162 
Trade creditors
1,007,355 
646,305 
Taxes and social security
310,673 
217,806 
Other creditors
18,937 
329,620 
Accruals
4,840 
3,030 
1,708,185 
1,351,310 
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 
1,615,639 
580,994 
10
Share capital
2023 
2022 
£ 
£ 
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).
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