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SPENCER & RICHMAN LTD

Registered Number
04497587
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

SPENCER & RICHMAN LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

Teresa Baker
Paul Spencer

Company Secretary

BAKER, Teresa Isobel

Registered Address

Unit 14f Wessex Park
Somerton Business Park
Somerton
TA11 6SB

Registered Number

04497587 (England and Wales)
SPENCER & RICHMAN LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets390,88590,902
90,88590,902
Current assets
Debtors751,105
Cash at bank and on hand3,0715,169
3,1466,274
Creditors amounts falling due within one year4(11,295)(13,325)
Net current assets (liabilities)(8,149)(7,051)
Total assets less current liabilities82,73683,851
Creditors amounts falling due after one year5(59,719)(59,719)
Net assets23,01724,132
Capital and reserves
Called up share capital8282
Profit and loss account22,93524,050
Shareholders' funds23,01724,132
The financial statements were approved and authorised for issue by the Board of Directors on 28 March 2025, and are signed on its behalf by:
Paul Spencer
Director
Registered Company No. 04497587
SPENCER & RICHMAN LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 August 23127,31547,306174,621
At 31 July 24127,31547,306174,621
Depreciation and impairment
At 01 August 2336,48147,23883,719
Charge for year-1717
At 31 July 2436,48147,25583,736
Net book value
At 31 July 2490,8345190,885
At 31 July 2390,8346890,902
4.Creditors: amounts due within one year

2024

2023

££
Other creditors10,69512,725
Accrued liabilities and deferred income600600
Total11,29513,325
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Other creditors59,71959,719
Total59,71959,719