IRIS Accounts Production v24.3.2.46 10254578 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102545782023-03-31102545782024-03-31102545782023-04-012024-03-31102545782022-03-31102545782022-04-012023-03-31102545782023-03-3110254578ns15:EnglandWales2023-04-012024-03-3110254578ns14:PoundSterling2023-04-012024-03-3110254578ns10:Director12023-04-012024-03-3110254578ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110254578ns10:SmallEntities2023-04-012024-03-3110254578ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110254578ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110254578ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110254578ns10:FullAccounts2023-04-012024-03-311025457812023-04-012024-03-3110254578ns10:RegisteredOffice2023-04-012024-03-3110254578ns5:CurrentFinancialInstruments2024-03-3110254578ns5:CurrentFinancialInstruments2023-03-3110254578ns5:Non-currentFinancialInstruments2024-03-3110254578ns5:Non-currentFinancialInstruments2023-03-3110254578ns5:ShareCapital2024-03-3110254578ns5:ShareCapital2023-03-3110254578ns5:RetainedEarningsAccumulatedLosses2024-03-3110254578ns5:RetainedEarningsAccumulatedLosses2023-03-3110254578ns5:NetGoodwill2023-04-012024-03-3110254578ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110254578ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3110254578ns5:PlantMachinery2023-04-012024-03-3110254578ns5:FurnitureFittings2023-04-012024-03-3110254578ns5:MotorVehicles2023-04-012024-03-3110254578ns5:NetGoodwill2023-03-3110254578ns5:NetGoodwill2024-03-3110254578ns5:NetGoodwill2023-03-3110254578ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3110254578ns5:PlantMachinery2023-03-3110254578ns5:FurnitureFittings2023-03-3110254578ns5:MotorVehicles2023-03-3110254578ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3110254578ns5:PlantMachinery2024-03-3110254578ns5:FurnitureFittings2024-03-3110254578ns5:MotorVehicles2024-03-3110254578ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3110254578ns5:PlantMachinery2023-03-3110254578ns5:FurnitureFittings2023-03-3110254578ns5:MotorVehicles2023-03-3110254578ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110254578ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 10254578 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SPD ESTATE LTD

SPD ESTATE LTD (REGISTERED NUMBER: 10254578)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPD ESTATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S P J Doyle





REGISTERED OFFICE: 157 New Cross Road
New Cross
London
SE14 5DG





REGISTERED NUMBER: 10254578 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

SPD ESTATE LTD (REGISTERED NUMBER: 10254578)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 169,355 218,539
Tangible assets 5 272,898 351,804
442,253 570,343

CURRENT ASSETS
Stocks 2,830 2,830
Debtors 6 196,219 67,698
Cash at bank 29,844 15,074
228,893 85,602
CREDITORS
Amounts falling due within one year 7 393,586 319,073
NET CURRENT LIABILITIES (164,693 ) (233,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,560

336,872

CREDITORS
Amounts falling due after more than one
year

8

(197,989

)

(279,547

)

PROVISIONS FOR LIABILITIES (5,503 ) (20,223 )
NET ASSETS 74,068 37,102

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 74,066 37,100
74,068 37,102

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

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

SPD ESTATE LTD (REGISTERED NUMBER: 10254578)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





S P J Doyle - Director


SPD ESTATE LTD (REGISTERED NUMBER: 10254578)

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

1. STATUTORY INFORMATION

SPD Estate 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 in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 Income Statement, 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.


SPD ESTATE LTD (REGISTERED NUMBER: 10254578)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 491,835
AMORTISATION
At 1 April 2023 273,296
Charge for year 49,184
At 31 March 2024 322,480
NET BOOK VALUE
At 31 March 2024 169,355
At 31 March 2023 218,539

SPD ESTATE LTD (REGISTERED NUMBER: 10254578)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 402,855 12,079 141,699 115,158 671,791
Additions - - 1,500 - 1,500
Disposals - - - (36,539 ) (36,539 )
At 31 March 2024 402,855 12,079 143,199 78,619 636,752
DEPRECIATION
At 1 April 2023 165,043 3,020 72,584 79,340 319,987
Charge for year 40,286 2,264 17,342 5,101 64,993
Eliminated on disposal - - - (21,126 ) (21,126 )
At 31 March 2024 205,329 5,284 89,926 63,315 363,854
NET BOOK VALUE
At 31 March 2024 197,526 6,795 53,273 15,304 272,898
At 31 March 2023 237,812 9,059 69,115 35,818 351,804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,975 10,393
Other debtors 162,244 57,305
196,219 67,698

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 75,611 44,639
Trade creditors 63,038 110,481
Taxation and social security 168,996 88,669
Other creditors 85,941 75,284
393,586 319,073

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 197,989 279,547

9. TRANSACTIONS WITH DIRECTORS

During the year, the company voted dividends of £58,155 in favour of the director.

SPD ESTATE LTD (REGISTERED NUMBER: 10254578)

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

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S P J Doyle.