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REGISTERED NUMBER: 03222947 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Spinks Speks Limited

Spinks Speks Limited (Registered number: 03222947)






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


Spinks Speks Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs B Spinks
K Spinks





SECRETARY: K Spinks





REGISTERED OFFICE: 47 - 49 Warbreck Moor
Aintree
Liverpool
L9 4RW





REGISTERED NUMBER: 03222947 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Spinks Speks Limited (Registered number: 03222947)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 926,080 1,036,998
926,080 1,036,998

CURRENT ASSETS
Stocks 176,410 52,335
Debtors 6 58,720 66,591
Cash at bank 140,254 273,982
375,384 392,908
CREDITORS
Amounts falling due within one year 7 234,098 1,167,669
NET CURRENT ASSETS/(LIABILITIES) 141,286 (774,761 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,366

262,237

CREDITORS
Amounts falling due after more than one
year

8

-

(117,308

)

PROVISIONS FOR LIABILITIES (17,614 ) (45,052 )
NET ASSETS 1,049,752 99,877

CAPITAL AND RESERVES
Called up share capital 98 98
Retained earnings 1,049,654 99,779
1,049,752 99,877

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.

Spinks Speks Limited (Registered number: 03222947)

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 28 April 2024 and were signed on its behalf by:





K Spinks - Director


Spinks Speks Limited (Registered number: 03222947)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Spinks Speks 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

Spinks Speks Limited (Registered number: 03222947)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 80,106
AMORTISATION
At 1 April 2023
and 31 March 2024 80,106
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Improvements Plant and
property to property machinery
£ £ £
COST
At 1 April 2023 784,766 52,660 209,444
Disposals - - -
At 31 March 2024 784,766 52,660 209,444
DEPRECIATION
At 1 April 2023 - - 162,170
Charge for year - - 9,462
Eliminated on disposal - - -
At 31 March 2024 - - 171,632
NET BOOK VALUE
At 31 March 2024 784,766 52,660 37,812
At 31 March 2023 784,766 52,660 47,274

Spinks Speks Limited (Registered number: 03222947)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 April 2023 789,585 136,190 42,164 2,014,809
Disposals - (136,190 ) - (136,190 )
At 31 March 2024 789,585 - 42,164 1,878,619
DEPRECIATION
At 1 April 2023 740,697 50,500 24,444 977,811
Charge for year 12,222 14,282 3,544 39,510
Eliminated on disposal - (64,782 ) - (64,782 )
At 31 March 2024 752,919 - 27,988 952,539
NET BOOK VALUE
At 31 March 2024 36,666 - 14,176 926,080
At 31 March 2023 48,888 85,690 17,720 1,036,998

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 37,305 23,744
Other debtors 21,415 42,847
58,720 66,591

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 25,745 54,530
Hire purchase contracts - 10,325
Trade creditors 73,884 109,784
Taxation and social security 117,975 61,978
Other creditors 16,494 931,052
234,098 1,167,669

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Bank loans - 113,475
Hire purchase contracts - 3,833
- 117,308

Spinks Speks Limited (Registered number: 03222947)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£ £
Hire Purchase Contracts - 14,158

Amounts due under hire purchase contracts are secured over the asset to which they relate.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Spinks Speks (Holdings) Limited, which is the ultimate controlling party.