Relate AccountsProduction v2.7.2 v2.7.2 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continued to be that of licensed restaurant premises. 2 October 2024 0 0 04897329 2024-03-31 04897329 2023-03-31 04897329 2022-03-31 04897329 2023-04-01 2024-03-31 04897329 2022-04-01 2023-03-31 04897329 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04897329 uk-curr:PoundSterling 2023-04-01 2024-03-31 04897329 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04897329 uk-bus:AbridgedAccounts 2023-04-01 2024-03-31 04897329 uk-core:ShareCapital 2024-03-31 04897329 uk-core:ShareCapital 2023-03-31 04897329 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04897329 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04897329 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 04897329 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 04897329 uk-bus:FRS102 2023-04-01 2024-03-31 04897329 uk-core:PlantMachinery 2023-04-01 2024-03-31 04897329 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04897329 2023-04-01 2024-03-31 04897329 uk-bus:Director1 2023-04-01 2024-03-31 04897329 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Spencers of Car Colston Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2024



Spencers of Car Colston Limited
Company Registration Number: 04897329
ABRIDGED BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 42,106 41,207
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Current Assets
Stocks 9,354 10,138
Debtors 8,160 8,160
Cash at bank and in hand 113,060 101,274
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130,574 119,572
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Creditors: amounts falling due within one year (80,910) (55,502)
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Net Current Assets 49,664 64,070
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Total Assets less Current Liabilities 91,770 105,277
 
Provisions for liabilities (8,000) (7,727)
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Net Assets 83,770 97,550
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Capital and Reserves
Called up share capital 200 200
Retained earnings 83,570 97,350
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Shareholders' Funds 83,770 97,550
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 2 October 2024 and signed on its behalf by
           
           
________________________________          
Richard Spencer          
Director          
           



Spencers of Car Colston Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Spencers of Car Colston Limited is a company limited by shares incorporated in the United Kingdom.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 33% reducing balance
  Fixtures, fittings and equipment - 25% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average number of employees, including directors, during the financial year was 17, (2023 - 16).
         
4. Tangible assets
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 April 2023 4,623 158,173 162,796
Additions 4,833 10,760 15,593
  ───────── ───────── ─────────
At 31 March 2024 9,456 168,933 178,389
  ───────── ───────── ─────────
Depreciation
At 1 April 2023 3,532 118,057 121,589
Charge for the financial year 1,975 12,719 14,694
  ───────── ───────── ─────────
At 31 March 2024 5,507 130,776 136,283
  ───────── ───────── ─────────
Net book value
At 31 March 2024 3,949 38,157 42,106
  ═════════ ═════════ ═════════
At 31 March 2023 1,091 40,116 41,207
  ═════════ ═════════ ═════════