Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falsebuilding control services1717truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07488798 2023-02-01 2024-01-31 07488798 2022-02-01 2023-01-31 07488798 2024-01-31 07488798 2023-01-31 07488798 c:Director2 2023-02-01 2024-01-31 07488798 d:MotorVehicles 2023-02-01 2024-01-31 07488798 d:MotorVehicles 2024-01-31 07488798 d:MotorVehicles 2023-01-31 07488798 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07488798 d:FurnitureFittings 2023-02-01 2024-01-31 07488798 d:FurnitureFittings 2024-01-31 07488798 d:FurnitureFittings 2023-01-31 07488798 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07488798 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07488798 d:CurrentFinancialInstruments 2024-01-31 07488798 d:CurrentFinancialInstruments 2023-01-31 07488798 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07488798 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07488798 d:ShareCapital 2024-01-31 07488798 d:ShareCapital 2023-01-31 07488798 d:RetainedEarningsAccumulatedLosses 2024-01-31 07488798 d:RetainedEarningsAccumulatedLosses 2023-01-31 07488798 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-01-31 07488798 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-01-31 07488798 c:FRS102 2023-02-01 2024-01-31 07488798 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07488798 c:FullAccounts 2023-02-01 2024-01-31 07488798 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07488798 2 2023-02-01 2024-01-31 07488798 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-31 07488798 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-31 07488798 d:LeasedAssetsHeldAsLessee 2024-01-31 07488798 d:LeasedAssetsHeldAsLessee 2023-01-31 07488798 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 07488798









SPIRE BUILDING CONTROL SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
SPIRE BUILDING CONTROL SERVICES LIMITED
REGISTERED NUMBER: 07488798

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
41,756
51,977

  
41,756
51,977

Current assets
  

Debtors: amounts falling due within one year
 5 
612,130
535,251

Cash at bank and in hand
 6 
78,233
367,936

  
690,363
903,187

Creditors: amounts falling due within one year
 7 
(260,495)
(418,881)

Net current assets
  
 
 
429,868
 
 
484,306

Total assets less current liabilities
  
471,624
536,283

  

Net assets
  
471,624
536,283


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
471,524
536,183

  
471,624
536,283


Page 1

 
SPIRE BUILDING CONTROL SERVICES LIMITED
REGISTERED NUMBER: 07488798
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 October 2024.






................................................
Vaughn Riddick
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SPIRE BUILDING CONTROL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Spire Building Control Services Limited is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of building control services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SPIRE BUILDING CONTROL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
SPIRE BUILDING CONTROL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
SPIRE BUILDING CONTROL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2023 - 17).

Page 6

 
SPIRE BUILDING CONTROL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 February 2023
51,186
29,529
80,715


Additions
-
3,702
3,702



At 31 January 2024

51,186
33,231
84,417



Depreciation


At 1 February 2023
12,795
15,943
28,738


Charge for the year on owned assets
9,597
4,326
13,923



At 31 January 2024

22,392
20,269
42,661



Net book value



At 31 January 2024
28,794
12,962
41,756



At 31 January 2023
38,391
13,586
51,977

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
17,730
23,641

17,730
23,641

Page 7

 
SPIRE BUILDING CONTROL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
54,861
47,340

Other debtors
519,331
462,829

Prepayments and accrued income
37,938
25,082

612,130
535,251


Included within other debtors are loans to the following directors:
Vaughn and Sarah Riddick - £191,641 (2023 - £170,585);
Paul Vigor - £191,641 (2023 - £170,585).
There were no conditions attached to these loans.


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
78,233
367,936

78,233
367,936


Page 8

 
SPIRE BUILDING CONTROL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
85,144
55,484

Corporation tax
48,076
212,030

Other taxation and social security
-
19,068

Obligations under finance lease and hire purchase contracts
10,983
17,259

Other creditors
109,404
112,300

Accruals and deferred income
6,888
2,740

260,495
418,881


The following liabilities were secured:

2024
2023
£
£



Hire purchase
10,983
17,259

10,983
17,259

Details of security provided:

Hire purchase is secured against the asset concerned.


8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
78,233
367,936




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £23,684 (2023 - £18,660). Contributions totalling £Nil (2023 - £5,271) were payable to the fund at the balance sheet date and are included in creditors.

Page 9

 
SPIRE BUILDING CONTROL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Controlling party

There is no overall controlling party in the Company. 

 
Page 10