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SPB Parcels Ltd
Registered Number:09579889
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
09579889
As at 31 May 2024
SPB Parcels Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
13,440
11,921
3
13,440
11,921
Current assets
Trade and other receivables
27,675
850
4
10,350
Cash and cash equivalents
12,189
13,039
38,025
Trade and other payables: amounts falling due within one
year
(29,118)
(19,700)
5
8,907
(6,661)
Net current liabilities
Total assets less current liabilities
6,779
20,828
Trade and other payables: amounts falling due after more
than one year
(27,627)
(27,074)
6
(20,295)
Net liabilities
(6,799)
Capital and reserves
Called up share capital
100
100
Retained earnings
(20,395)
(6,899)
(20,295)
(6,799)
Shareholders' funds
For the year ended 31 May 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 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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Daniela Christina Burdon Director
Mr Stephen Peter Burdon Director
These financial statements were approved and authorised for issue by the Board on 20 February 2025 and were signed by:
The notes form part of these financial statements
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For the year ended 31 May 2024
SPB Parcels Ltd
Notes to the Financial Statements
Statutory Information
SPB Parcels Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
09579889.
Registered address:
53 Kingston Avenue
Worcester
Worcestershire
WR3 8PN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 8 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
25 Reducing balance
Office equipment
25 Reducing balance
Motor vehicles
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4
For the year ended 31 May 2024
SPB Parcels Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 June 2023
1,040
At 31 May 2024
1,040
Amortisation
At 01 June 2023
1,040
At 31 May 2024
1,040
Net book value
At 31 May 2024
-
At 31 May 2023
-
3. Property, plant and equipment
Total
Office
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 June 2023
41,182
1,583
39,177
422
6,000
-
6,000
-
Additions
At 31 May 2024
422
45,177
1,583
47,182
Provision for depreciation and impairment
At 01 June 2023
29,261
848
28,145
268
Charge for year
4,481
184
4,258
39
At 31 May 2024
33,742
1,032
32,403
307
At 31 May 2024
Net book value
115
12,774
551
13,440
At 31 May 2023
154
11,032
735
11,921
4. Trade and other receivables
2023
2024
£
£
Trade debtors
-
24,186
Other debtors
850
3,489
27,675
850
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5
For the year ended 31 May 2024
SPB Parcels Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
3,000
19,758
Taxation and social security
14,918
7,739
Other creditors
1,782
1,621
19,700
29,118
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
27,074
27,627
7. Directors advances and guarantees
Going Concern
The company's ability to continue as a going concern is dependent on the continued support of the
shareholders/directors, who remain confident that the business will continue for the foreseeable future.
8. Average number of persons employed
During the year the average number of employees was 0 (2023 : 2)
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