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REGISTERED NUMBER: 04729894 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SPA ENGINEERING & GROUNDCARE MACHINERY
SERVICES LTD

SPA ENGINEERING & GROUNDCARE MACHINERY
SERVICES LTD (REGISTERED NUMBER: 04729894)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPA ENGINEERING & GROUNDCARE MACHINERY
SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: I P Dunkley





REGISTERED OFFICE: Merrions Works
Staveley Road
New Whittington
Chesterfield
Derbyshire
S43 2BZ





REGISTERED NUMBER: 04729894 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

SPA ENGINEERING & GROUNDCARE MACHINERY
SERVICES LTD (REGISTERED NUMBER: 04729894)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,504 21,184
19,504 21,184

CURRENT ASSETS
Stocks 65,619 68,866
Debtors 6 26,719 29,161
Cash at bank and in hand 41,210 32,944
133,548 130,971
CREDITORS
Amounts falling due within one year 7 37,725 45,897
NET CURRENT ASSETS 95,823 85,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,327

106,258

PROVISIONS FOR LIABILITIES 3,706 4,025
NET ASSETS 111,621 102,233

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,521 102,133
111,621 102,233

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

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

SPA ENGINEERING & GROUNDCARE MACHINERY
SERVICES LTD (REGISTERED NUMBER: 04729894)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





I P Dunkley - Director


SPA ENGINEERING & GROUNDCARE MACHINERY
SERVICES LTD (REGISTERED NUMBER: 04729894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Spa Engineering & Groundcare Machinery Services Ltd 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 (£).


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, has been written off over its estimated useful life.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

SPA ENGINEERING & GROUNDCARE MACHINERY
SERVICES LTD (REGISTERED NUMBER: 04729894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 30,000
AMORTISATION
At 1 June 2023
and 31 May 2024 30,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 52,942
Additions 4,162
Disposals (7,090 )
At 31 May 2024 50,014
DEPRECIATION
At 1 June 2023 31,758
Charge for year 3,052
Eliminated on disposal (4,300 )
At 31 May 2024 30,510
NET BOOK VALUE
At 31 May 2024 19,504
At 31 May 2023 21,184

SPA ENGINEERING & GROUNDCARE MACHINERY
SERVICES LTD (REGISTERED NUMBER: 04729894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,664 28,260
Other debtors 1,055 901
26,719 29,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,165 30,794
Taxation and social security 10,759 6,853
Other creditors 13,801 8,250
37,725 45,897

Of the amounts listed above under 'other creditors' £7,674 relates to directors' loan accounts (2023 - £1,523).

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
I P Dunkley
Balance outstanding at start of year - -
Amounts advanced - 11,988
Amounts repaid - (11,988 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -