04049800falsecivil engineers2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/cd:Director32023-04-012024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04049800

J E Spence & Son Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisors
Elland House
22 High Street
Burgh le Marsh
Skegness
PE24 5JT

J E Spence & Son Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
DIRECTORS
Andrew Spence
Simon John Pell
Simon John Pell - appointed 31 March 2023
SECRETARY
Tracey Spence
REGISTERED OFFICE
Listoft Farm Buildings
Helsey, Hogsthorpe
Skegness
Lincolnshire
PE24 5PE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04049800
BANKERS
Lloyds Bank
SOLICITORS
Tinn Criddle
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisors
Elland House
22 High Street
Burgh le Marsh
Skegness
PE24 5JT

J E Spence & Son Limited

ACCOUNTS
FOR THEYEARENDED31 MARCH 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

J E Spence & Son Limited

BALANCE SHEET AT 31 March 2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,007,3181,079,750
CURRENT ASSETS
Stock31,60436,748
Debtors5469,777910,274
Cash at bank and in hand712,25083,088
1,213,6311,030,110
CREDITORS: Amounts falling due within one year61,043,7181,281,560
NET CURRENT ASSETS / (LIABILITIES)169,913(251,450)
TOTAL ASSETS LESS CURRENT LIABILITIES1,177,231828,300
CREDITORS: Amounts falling due after more than one year7632,750827,800
PROVISIONS FOR LIABILITIES AND CHARGES835,298-
NET ASSETS509,183500
CAPITAL AND RESERVES
Called up share capital9500500
Profit and loss account508,683-
SHAREHOLDERS' FUNDS509,183500
For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 7 October 2024 and signed on their behalf by
.............................
Andrew Spence
Director
.............................
Simon John Pell
Director

J E Spence & Son Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant And Machineryreducing balance20%
Commercial Vehiclesreducing balance25%
Fixtures And Fittingsreducing balance25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees2122

J E Spence & Son Limited

3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 1 April 20231,079,7501,079,750
Additions222,275222,275
Disposals(28,000)(28,000)
At 31 March 20241,274,0251,274,025
Depreciation
For the year266,707266,707
At 31 March 2024266,707266,707
Net Book Amounts
At 31 March 20241,007,3181,007,318
At 31 March 20231,079,7501,079,750
4. STOCK 20242023
££
Stock comprises:
Stock31,60436,748
31,60436,748
5. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors422,660860,274
Other debtors47,11750,000
469,777910,274
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Trade creditors282,435371,380
Amounts owed to group undertakings and undertakings in which the company has a participating interest550,642550,642
Taxation and social security178,310356,935
Other creditors29,543-
1,040,9301,278,957

J E Spence & Son Limited

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans and overdrafts632,750827,800
632,750827,800
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation35,298-
35,298-
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
500 Ordinary shares of £1 each500500
500500
10. CONTROLLING PARTY
The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.
The shares in the company are owned by Pell Holdings Ltd which in turn is owned by the directors.