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REGISTERED NUMBER: 05881616 (England and Wales)















Spicer Installations Limited

Unaudited Financial Statements

for the Year Ended 31st August 2024






Spicer Installations Limited (Registered number: 05881616)






Contents of the Financial Statements
for the year ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Spicer Installations Limited

Company Information
for the year ended 31st August 2024







DIRECTORS: J R C Spicer
Mrs C J Spicer





SECRETARY: Mrs C J Spicer





REGISTERED OFFICE: 310 Welllingborough Road
Northampton
Northamptonshire
NN1 4EP





REGISTERED NUMBER: 05881616 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Spicer Installations Limited (Registered number: 05881616)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 58,198 49,283

CURRENT ASSETS
Debtors 6 50,161 34,777
Cash at bank 27,642 20,696
77,803 55,473
CREDITORS
Amounts falling due within one year 7 58,968 38,878
NET CURRENT ASSETS 18,835 16,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,033

65,878

CREDITORS
Amounts falling due after more than one
year

8

(63,057

)

(54,551

)

PROVISIONS FOR LIABILITIES 10 (6,700 ) (9,400 )
NET ASSETS 7,276 1,927

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 7,176 1,827
SHAREHOLDERS' FUNDS 7,276 1,927

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

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

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 26th September 2024 and were signed on its behalf by:





Mrs C J Spicer - Director


Spicer Installations Limited (Registered number: 05881616)

Notes to the Financial Statements
for the year ended 31st August 2024

1. STATUTORY INFORMATION

Spicer Installations 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 (£).


The principle activity of the company is that of sign installation.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Spicer Installations Limited (Registered number: 05881616)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2023 1,355 114,380 7,036 122,771
Additions - 23,296 - 23,296
Disposals - (16,900 ) - (16,900 )
At 31st August 2024 1,355 120,776 7,036 129,167
DEPRECIATION
At 1st September 2023 1,355 66,273 5,860 73,488
Charge for year - 13,393 988 14,381
Eliminated on disposal - (16,900 ) - (16,900 )
At 31st August 2024 1,355 62,766 6,848 70,969
NET BOOK VALUE
At 31st August 2024 - 58,010 188 58,198
At 31st August 2023 - 48,107 1,176 49,283

The net book value of tangible fixed assets includes £ 39,117 (2023 - £ 25,600 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,946 33,664
Other debtors 1,215 1,113
50,161 34,777

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 5,395 5,253
Hire purchase contracts 6,855 6,531
Taxation and social security 29,646 18,111
Other creditors 17,072 8,983
58,968 38,878

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 27,679 33,074
Hire purchase contracts 35,378 21,477
63,057 54,551

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,606 10,606

Spicer Installations Limited (Registered number: 05881616)

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

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,395 5,253

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,540 5,395

Amounts falling due between two and five years:
Bank loans - 2-5 years 17,533 17,073

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,606 10,606

This loan is unsecured and repayable by instalments.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,700 9,400

Deferred
tax
£   
Balance at 1st September 2023 9,400
Provided during year (2,700 )
Balance at 31st August 2024 6,700

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

12. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st August 2024 or 31st August 2023.

13. CAPITAL COMMITMENTS

There were no capital commitments as at 31st August 2024 or 31st August 2023.