IRIS Accounts Production v24.3.0.553 13871712 director 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138717122023-01-31138717122024-01-31138717122023-02-012024-01-31138717122022-01-24138717122022-01-252023-01-31138717122023-01-3113871712ns15:EnglandWales2023-02-012024-01-3113871712ns14:PoundSterling2023-02-012024-01-3113871712ns10:Director12023-02-012024-01-3113871712ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3113871712ns10:SmallEntities2023-02-012024-01-3113871712ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3113871712ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3113871712ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3113871712ns10:FullAccounts2023-02-012024-01-311387171212023-02-012024-01-3113871712ns5:CurrentFinancialInstruments2024-01-3113871712ns5:CurrentFinancialInstruments2023-01-3113871712ns5:ShareCapital2024-01-3113871712ns5:ShareCapital2023-01-3113871712ns5:RetainedEarningsAccumulatedLosses2024-01-3113871712ns5:RetainedEarningsAccumulatedLosses2023-01-3113871712ns10:RegisteredOffice2023-02-012024-01-3113871712ns5:NetGoodwill2023-02-012024-01-3113871712ns5:PlantMachinery2023-02-012024-01-3113871712ns5:NetGoodwill2023-01-3113871712ns5:NetGoodwill2024-01-3113871712ns5:NetGoodwill2023-01-3113871712ns5:PlantMachinery2023-01-3113871712ns5:PlantMachinery2024-01-3113871712ns5:PlantMachinery2023-01-3113871712ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3113871712ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3113871712ns5:CurrentFinancialInstruments2023-02-012024-01-31
REGISTERED NUMBER: 13871712 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Spennyfield Construction Limited

Spennyfield Construction Limited (Registered number: 13871712)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Spennyfield Construction Limited (Registered number: 13871712)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,224 6,966
Tangible assets 5 12,410 15,513
17,634 22,479

CURRENT ASSETS
Debtors 6 218,874 195,523
Cash at bank 3,483 8,401
222,357 203,924
CREDITORS
Amounts falling due within one year 7 1,010,703 847,831
NET CURRENT LIABILITIES (788,346 ) (643,907 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(770,712

)

(621,428

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (770,713 ) (621,429 )
(770,712 ) (621,428 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Spennyfield Construction Limited (Registered number: 13871712)

Statement of Financial Position - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





N Kuschel - Director


Spennyfield Construction Limited (Registered number: 13871712)

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

1. STATUTORY INFORMATION

Spennyfield Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13871712

Registered office: Hine House
25 Regent Street
Nottingham
NG1 5BS

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


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 2023, is being amortised evenly over its estimated useful life of five years.

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 etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Spennyfield Construction Limited (Registered number: 13871712)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
These financial statements have been prepared on a going concern basis as the company has the continued support of the Director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 8,708
AMORTISATION
At 1 February 2023 1,742
Charge for year 1,742
At 31 January 2024 3,484
NET BOOK VALUE
At 31 January 2024 5,224
At 31 January 2023 6,966

Spennyfield Construction Limited (Registered number: 13871712)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 18,995
DEPRECIATION
At 1 February 2023 3,482
Charge for year 3,103
At 31 January 2024 6,585
NET BOOK VALUE
At 31 January 2024 12,410
At 31 January 2023 15,513

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,935 26,725
Other debtors 194,939 168,798
218,874 195,523

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 135,918 35,041
Taxation and social security 24,261 16,904
Other creditors 850,524 795,886
1,010,703 847,831

The Directors' loan account balance at the Balance Sheet date was £817,024 (2023 : £795,634) and the Director reserves the right to charge interest on the balance.