David Spencer Installations Limited 05469597 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is electrical installations. Digita Accounts Production Advanced 6.30.9574.0 true true 05469597 2023-04-01 2024-03-31 05469597 2024-03-31 05469597 bus:OrdinaryShareClass1 2024-03-31 05469597 core:RetainedEarningsAccumulatedLosses 2024-03-31 05469597 core:ShareCapital 2024-03-31 05469597 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05469597 bus:SmallEntities 2023-04-01 2024-03-31 05469597 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05469597 bus:FilletedAccounts 2023-04-01 2024-03-31 05469597 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05469597 bus:RegisteredOffice 2023-04-01 2024-03-31 05469597 bus:Director1 2023-04-01 2024-03-31 05469597 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05469597 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05469597 bus:Agent1 2023-04-01 2024-03-31 05469597 core:Goodwill 2023-04-01 2024-03-31 05469597 countries:England 2023-04-01 2024-03-31 05469597 2022-04-01 2023-03-31 05469597 2023-03-31 05469597 bus:OrdinaryShareClass1 2023-03-31 05469597 core:RetainedEarningsAccumulatedLosses 2023-03-31 05469597 core:ShareCapital 2023-03-31 05469597 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05469597

David Spencer Installations Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

David Spencer Installations Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 6

 

David Spencer Installations Limited

Company Information

Director

Mr D Spencer

Registered office

31 Rosebery Avenue
Blackpool
Lancashire
FY4 1LA

Accountants

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
David Spencer Installations Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of David Spencer Installations Limited for the year ended 31 March 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of David Spencer Installations Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of David Spencer Installations Limited and state those matters that we have agreed to state to the Board of Directors of David Spencer Installations Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Spencer Installations Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that David Spencer Installations Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of David Spencer Installations Limited. You consider that David Spencer Installations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of David Spencer Installations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

17 October 2024

 

David Spencer Installations Limited

(Registration number: 05469597)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

200

200

Cash at bank and in hand

 

10,262

11,682

 

10,462

11,882

Creditors: Amounts falling due within one year

5

(10,100)

(10,991)

Net assets

 

362

891

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

262

791

Shareholders' funds

 

362

891

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 October 2024
 

.........................................
Mr D Spencer
Director

 

David Spencer Installations Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
31 Rosebery Avenue
Blackpool
Lancashire
FY4 1LA

These financial statements were authorised for issue by the director on 17 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

David Spencer Installations Limited

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

Amortisation

Asset class

Amortisation method and rate

Goodwill

Over the useful life

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Stocks

2024
£

2023
£

Raw materials and consumables

200

200

 

David Spencer Installations Limited

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

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,283

3,424

Accruals and deferred income

2,625

2,625

Other creditors

6,192

4,942

10,100

10,991

Creditors: amounts falling due after more than one year

2024
£

2023
£

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100