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REGISTERED NUMBER: 08193885 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Spencers Aerials Limited

Spencers Aerials Limited (Registered number: 08193885)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Spencers Aerials Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S Dain





SECRETARY: Stones Book Keeping Services (Sussex) Limited





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 08193885 (England and Wales)





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

Spencers Aerials Limited

Report of the Accountants to the Director of
Spencers Aerials Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

You consider that the company is exempt from an audit for the period ended as above. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.


In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.


We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.






Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY


Date: .............................................

Spencers Aerials Limited (Registered number: 08193885)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,464 24,330

CURRENT ASSETS
Stocks 3,649 3,779
Debtors 5 1,186 901
Cash at bank and in hand 176 150
5,011 4,830
CREDITORS
Amounts falling due within one year 6 43,083 47,698
NET CURRENT LIABILITIES (38,072 ) (42,868 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,608

)

(18,538

)

CREDITORS
Amounts falling due after more than
one year

7

10,312

13,003
NET LIABILITIES (28,920 ) (31,541 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (29,020 ) (31,641 )
SHAREHOLDERS' FUNDS (28,920 ) (31,541 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Spencers Aerials Limited (Registered number: 08193885)

Balance Sheet - continued
30 June 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 17 December 2024 and were signed by:





S Dain - Director


Spencers Aerials Limited (Registered number: 08193885)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Spencers Aerials Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 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 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.

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 1 (2023 - 1 ) .

Spencers Aerials Limited (Registered number: 08193885)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 1,450 47,745 49,195
DEPRECIATION
At 1 July 2023 1,304 23,561 24,865
Charge for year 29 4,837 4,866
At 30 June 2024 1,333 28,398 29,731
NET BOOK VALUE
At 30 June 2024 117 19,347 19,464
At 30 June 2023 146 24,184 24,330

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 1,186 901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts - 919
Tax 1,357 6,571
Social security and other taxes 144 77
Directors' loan accounts 40,237 38,708
Accrued expenses 1,345 1,423
43,083 47,698

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans - 2-5 years 10,312 13,003

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the loan account loaned to the company is shown as directors loan account is owed to the sole director. The loan is repayable on demand.The interest charged this year was 2.5%