10 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 788,995 719,245 13,500 732,745 56,250 69,750 38,150 636 7,630 8,266 29,884 37,514 xbrli:pure xbrli:shares iso4217:GBP 06525525 2023-05-01 2024-04-30 06525525 2024-04-30 06525525 2023-04-30 06525525 2022-05-01 2023-04-30 06525525 2023-04-30 06525525 2022-04-30 06525525 core:NetGoodwill 2023-05-01 2024-04-30 06525525 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 06525525 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 06525525 bus:OrdinaryShareClass3 2023-05-01 2024-04-30 06525525 bus:OrdinaryShareClass4 2023-05-01 2024-04-30 06525525 bus:OrdinaryShareClass5 2023-05-01 2024-04-30 06525525 bus:Director7 2023-05-01 2024-04-30 06525525 core:NetGoodwill 2023-04-30 06525525 core:NetGoodwill 2024-04-30 06525525 core:WithinOneYear 2024-04-30 06525525 core:WithinOneYear 2023-04-30 06525525 core:AfterOneYear 2024-04-30 06525525 core:AfterOneYear 2023-04-30 06525525 core:ShareCapital 2024-04-30 06525525 core:ShareCapital 2023-04-30 06525525 core:RetainedEarningsAccumulatedLosses 2024-04-30 06525525 core:RetainedEarningsAccumulatedLosses 2023-04-30 06525525 core:NetGoodwill 2023-04-30 06525525 bus:SmallEntities 2023-05-01 2024-04-30 06525525 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06525525 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06525525 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06525525 bus:FullAccounts 2023-05-01 2024-04-30 06525525 bus:OrdinaryShareClass1 2024-04-30 06525525 bus:OrdinaryShareClass1 2023-04-30 06525525 bus:OrdinaryShareClass2 2024-04-30 06525525 bus:OrdinaryShareClass2 2023-04-30 06525525 bus:OrdinaryShareClass3 2024-04-30 06525525 bus:OrdinaryShareClass3 2023-04-30 06525525 bus:OrdinaryShareClass4 2024-04-30 06525525 bus:OrdinaryShareClass4 2023-04-30 06525525 bus:OrdinaryShareClass5 2024-04-30 06525525 bus:OrdinaryShareClass5 2023-04-30 06525525 bus:AllOrdinaryShares 2024-04-30 06525525 bus:AllOrdinaryShares 2023-04-30 06525525 core:ComputerEquipment 2023-05-01 2024-04-30 06525525 core:ComputerEquipment 2024-04-30 06525525 core:ComputerEquipment 2023-04-30 06525525 1 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 06525525
STREETS SPENSER WILSON (YORKSHIRE) LIMITED (FORMERLY SPENSER WILSON LIMITED)
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
STREETS SPENSER WILSON (YORKSHIRE) LIMITED (FORMERLY SPENSER WILSON LIMITED)
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Intangible assets
5
56,250
69,750
Tangible assets
6
29,884
37,514
---------
----------
86,134
107,264
CURRENT ASSETS
Debtors
7
827,424
759,463
Cash at bank and in hand
4,153
1,159
----------
----------
831,577
760,622
CREDITORS: amounts falling due within one year
8
320,856
294,986
----------
----------
NET CURRENT ASSETS
510,721
465,636
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
596,855
572,900
CREDITORS: amounts falling due after more than one year
9
19,790
39,233
PROVISIONS
Taxation including deferred tax
7,471
7,128
----------
----------
NET ASSETS
569,594
526,539
----------
----------
STREETS SPENSER WILSON (YORKSHIRE) LIMITED (FORMERLY SPENSER WILSON LIMITED)
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
10
48
48
Profit and loss account
569,546
526,491
----------
----------
SHAREHOLDERS FUNDS
569,594
526,539
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 January 2025 , and are signed on behalf of the board by:
A Kennedy
Director
Company registration number: 06525525
STREETS SPENSER WILSON (YORKSHIRE) LIMITED (FORMERLY SPENSER WILSON LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, Lincolnshire, LN1 1XW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Turnover includes not only chargeable time and disbursements invoiced during the period but also recoverable unbilled time at the year end valued at normal rates, (Accrued income).
Current tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 10 (2023: 11 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
788,995
----------
Amortisation
At 1 May 2023
719,245
Charge for the year
13,500
----------
At 30 April 2024
732,745
----------
Carrying amount
At 30 April 2024
56,250
----------
At 30 April 2023
69,750
----------
6. TANGIBLE ASSETS
Computer equipment
Total
£
£
Cost
At 1 May 2023 and 30 April 2024
38,150
38,150
---------
---------
Depreciation
At 1 May 2023
636
636
Charge for the year
7,630
7,630
---------
---------
At 30 April 2024
8,266
8,266
---------
---------
Carrying amount
At 30 April 2024
29,884
29,884
---------
---------
At 30 April 2023
37,514
37,514
---------
---------
7. DEBTORS
2024
2023
£
£
Trade debtors
356,966
421,480
Other debtors
470,458
337,983
----------
----------
827,424
759,463
----------
----------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
11,845
14,740
Corporation tax
74,649
61,100
Social security and other taxes
166,611
142,851
Other creditors
57,751
66,295
----------
----------
320,856
294,986
----------
----------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,833
20,833
Other creditors
8,957
18,400
---------
---------
19,790
39,233
---------
---------
10. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary 'A' shares of £ 1 each
4
4
4
4
Ordinary 'B' shares of £ 1 each
12
12
12
12
Ordinary 'C' shares of £ 1 each
12
12
12
12
Ordinary 'D' shares of £ 1 each
12
12
12
12
Ordinary 'E' shares of £ 1 each
4
4
4
4
Ordinary 'F' shares of £1 each
4
4
4
4
----
----
----
----
48
48
48
48
----
----
----
----
All ordinary shares rank pari passu with respect to all rights except for dividends where the directors may pay interim dividends at variable rates on the different classes of shares, and the company, on the recommendation of the directors may declare dividends at variable rates on the different classes of shares.
11. EVENTS AFTER THE END OF THE REPORTING PERIOD
On 30 July 2024 100% of the Ordinary share capital was acquired by Spenser Wilson Halifax LLP. On 12 August 2024 the company changed its name to Streets Spenser Wilson (Yorkshire) Limited.
12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors had an unsecured interest free loan with the company. The directors loan account was in credit throughout the year and is repayable on demand.