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REGISTERED NUMBER: 10449688 (England and Wales)













SPH Commercials Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






SPH Commercials Limited (Registered number: 10449688)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPH Commercials Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: K Horan
Mrs C Horan





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 10449688 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

SPH Commercials Limited (Registered number: 10449688)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 614,128 618,079

CURRENT ASSETS
Debtors 6 1,665 33,507
Cash at bank 12,865 72,721
14,530 106,228
CREDITORS
Amounts falling due within one year 7 25,105 25,643
NET CURRENT (LIABILITIES)/ASSETS (10,575 ) 80,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,553

698,664

CREDITORS
Amounts falling due after more than one
year

8

(328,868

)

(479,145

)

PROVISIONS FOR LIABILITIES (5,597 ) (4,828 )
NET ASSETS 269,088 214,691

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 269,086 214,689
SHAREHOLDERS' FUNDS 269,088 214,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SPH Commercials Limited (Registered number: 10449688)

Balance Sheet - continued
31 March 2024


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 19 September 2024 and were signed on its behalf by:





K Horan - Director


SPH Commercials Limited (Registered number: 10449688)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

SPH Commercials 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 364,001 228,670 47,266 12,412 652,349
DEPRECIATION
At 1 April 2023 - - 27,136 7,134 34,270
Charge for year - - 3,020 931 3,951
At 31 March 2024 - - 30,156 8,065 38,221
NET BOOK VALUE
At 31 March 2024 364,001 228,670 17,110 4,347 614,128
At 31 March 2023 364,001 228,670 20,130 5,278 618,079

SPH Commercials Limited (Registered number: 10449688)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,665 2,479
Directors' loan accounts - 31,028
1,665 33,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 4,243
Tax 17,233 18,785
VAT 1,915 1,515
Directors' loan accounts 4,857 -
Accrued expenses 1,100 1,100
25,105 25,643

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 4,243
Bank loans - 2-5 years - 12,729
Bank loans more 5 yr by instal - 41,805
Other creditors 328,868 420,368
328,868 479,145

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 41,805

SPH Commercials Limited (Registered number: 10449688)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
K Horan
Balance outstanding at start of year 31,028 -
Amounts advanced - 31,028
Amounts repaid (31,028 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 31,028

Interest is charged on the loan at 2.25% per annum.

10. RELATED PARTY DISCLOSURES

There is a loan between the company and Staffordshire Plumbing and Heating Limited, a company which is under the control of Mr K Horan. The amount owed by the company at the balance sheet date was £328,868 (2023 - £420,868). The loan is unsecured and interest free.