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REGISTERED NUMBER: 06739671 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH NOVEMBER 2023

FOR

SPENNYS LIGHTING LIMITED

SPENNYS LIGHTING LIMITED (REGISTERED NUMBER: 06739671)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPENNYS LIGHTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: J R Spencer
Mrs N Spencer





REGISTERED OFFICE: 225 London Road
Burgess Hill
West Sussex
RH15 9QU





REGISTERED NUMBER: 06739671 (England and Wales)





ACCOUNTANTS: Peter Lawson & Co.
225 London Road
Burgess Hill
West Sussex
RH15 9QU

SPENNYS LIGHTING LIMITED (REGISTERED NUMBER: 06739671)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,379 126,747
Investments 5 3,687 10,653
134,066 137,400

CURRENT ASSETS
Debtors 6 64,066 67,436
Cash at bank 8,882 10,196
72,948 77,632
CREDITORS
Amounts falling due within one year 7 87,484 69,859
NET CURRENT (LIABILITIES)/ASSETS (14,536 ) 7,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,530

145,173

CREDITORS
Amounts falling due after more than one year 8 (85,664 ) (111,777 )

PROVISIONS FOR LIABILITIES (29,062 ) (24,082 )
NET ASSETS 4,804 9,314

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,704 9,214
SHAREHOLDERS' FUNDS 4,804 9,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SPENNYS LIGHTING LIMITED (REGISTERED NUMBER: 06739671)

BALANCE SHEET - continued
30TH NOVEMBER 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 Board of Directors and authorised for issue on 28th August 2024 and were signed on its behalf by:




J R Spencer - Director



Mrs N Spencer - Director


SPENNYS LIGHTING LIMITED (REGISTERED NUMBER: 06739671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Spennys Lighting 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 as modified by the revaluation of certain assets.

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 and machinery etc - 33% on cost and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

SPENNYS LIGHTING LIMITED (REGISTERED NUMBER: 06739671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 241,751
Additions 35,975
At 30th November 2023 277,726
DEPRECIATION
At 1st December 2022 115,004
Charge for year 32,343
At 30th November 2023 147,347
NET BOOK VALUE
At 30th November 2023 130,379
At 30th November 2022 126,747

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st December 2022 10,653
Revaluations (6,966 )
At 30th November 2023 3,687
NET BOOK VALUE
At 30th November 2023 3,687
At 30th November 2022 10,653

Cost or valuation at 30th November 2023 is represented by:

Other
investments
£   
Valuation in 0 3,687

SPENNYS LIGHTING LIMITED (REGISTERED NUMBER: 06739671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors (4,338 ) 6,924
Other debtors 68,404 60,512
64,066 67,436

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 20,799 17,802
Trade creditors 2,344 3,993
Taxation and social security 56,660 41,255
Other creditors 7,681 6,809
87,484 69,859

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 27,757 32,720
Hire purchase contracts 57,907 79,057
85,664 111,777

9. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements - -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
J R Spencer
Balance outstanding at start of year 49,336 65,871
Amounts advanced 30,123 -
Amounts repaid (31,180 ) (16,535 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,279 49,336

SPENNYS LIGHTING LIMITED (REGISTERED NUMBER: 06739671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

11. ULTIMATE CONTROLLING PARTY

The controlling party is J R Spencer.