Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13580445 Miss Charlotte Griffiths Mr Sean Thompson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13580445 2023-07-31 13580445 2024-07-31 13580445 2023-08-01 2024-07-31 13580445 frs-core:CurrentFinancialInstruments 2024-07-31 13580445 frs-core:Non-currentFinancialInstruments 2024-07-31 13580445 frs-core:FurnitureFittings 2024-07-31 13580445 frs-core:FurnitureFittings 2023-08-01 2024-07-31 13580445 frs-core:FurnitureFittings 2023-07-31 13580445 frs-core:MotorVehicles 2024-07-31 13580445 frs-core:MotorVehicles 2023-08-01 2024-07-31 13580445 frs-core:MotorVehicles 2023-07-31 13580445 frs-core:PlantMachinery 2024-07-31 13580445 frs-core:PlantMachinery 2023-08-01 2024-07-31 13580445 frs-core:PlantMachinery 2023-07-31 13580445 frs-core:ShareCapital 2024-07-31 13580445 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13580445 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13580445 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13580445 frs-bus:SmallEntities 2023-08-01 2024-07-31 13580445 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13580445 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13580445 frs-bus:Director1 2023-08-01 2024-07-31 13580445 frs-bus:Director2 2023-08-01 2024-07-31 13580445 frs-countries:EnglandWales 2023-08-01 2024-07-31 13580445 2022-07-31 13580445 2023-07-31 13580445 2022-08-01 2023-07-31 13580445 frs-core:CurrentFinancialInstruments 2023-07-31 13580445 frs-core:Non-currentFinancialInstruments 2023-07-31 13580445 frs-core:ShareCapital 2023-07-31 13580445 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13580445
SPT Plastering Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Sempar Accountancy and Tax Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13580445
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,252 28,785
21,252 28,785
CURRENT ASSETS
Debtors 5 14,123 39,792
Cash at bank and in hand 11,586 2,170
25,709 41,962
Creditors: Amounts Falling Due Within One Year 6 (19,977 ) (20,797 )
NET CURRENT ASSETS (LIABILITIES) 5,732 21,165
TOTAL ASSETS LESS CURRENT LIABILITIES 26,984 49,950
Creditors: Amounts Falling Due After More Than One Year 7 (15,961 ) (20,436 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,039 ) (5,469 )
NET ASSETS 6,984 24,045
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 6,980 24,041
SHAREHOLDERS' FUNDS 6,984 24,045
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Charlotte Griffiths
Director
Mr Sean Thompson
Director
11 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SPT Plastering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13580445 . The registered office is 46 Brook Road, Stoke-On-Trent, ST4 8LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 188 28,520 1,541 30,249
As at 31 July 2024 188 28,520 1,541 30,249
Depreciation
As at 1 August 2023 57 594 813 1,464
Provided during the period 37 6,982 514 7,533
As at 31 July 2024 94 7,576 1,327 8,997
Net Book Value
As at 31 July 2024 94 20,944 214 21,252
As at 1 August 2023 131 27,926 728 28,785
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,931 6,925
Prepayments and accrued income 339 817
Other debtors 3,946 24,699
VAT 907 7,351
14,123 39,792
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,474 4,108
Trade creditors - 3,679
Corporation tax 8,689 10,454
Accruals and deferred income 460 460
Directors' loan accounts 6,354 2,096
19,977 20,797
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,961 20,436
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,436 24,544
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Directors Advances, Credits and Guarantees
Dividends paid to directors in the year were £48,000 (2023: £46,000).
Page 5