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Company No: 05662091 (England and Wales)

SPRUCE & HAWE LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

SPRUCE & HAWE LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

SPRUCE & HAWE LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2025
SPRUCE & HAWE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2025
DIRECTOR Martin Hawe
SECRETARY Martin Hawe
REGISTERED OFFICE Blind Lane
Tockwith
York
YO26 7QJ
United Kingdom
COMPANY NUMBER 05662091 (England and Wales)
ACCOUNTANT Jones & Co of York Ltd
Wellington House
Aviator Court
York
YO30 4UZ
SPRUCE & HAWE LIMITED

BALANCE SHEET

As at 31 January 2025
SPRUCE & HAWE LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 4 14,386 19,182
14,386 19,182
Current assets
Stocks 5 54,000 54,000
Debtors 6 646,608 455,341
Cash at bank and in hand 7 78,506 293,383
779,114 802,724
Creditors: amounts falling due within one year 8 ( 32,949) ( 63,864)
Net current assets 746,165 738,860
Total assets less current liabilities 760,551 758,042
Net assets 760,551 758,042
Capital and reserves
Called-up share capital 9 1,000 1,000
Profit and loss account 759,551 757,042
Total shareholder's funds 760,551 758,042

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Spruce & Hawe Limited (registered number: 05662091) were approved and authorised for issue by the Director on 14 April 2025. They were signed on its behalf by:

Martin Hawe
Director
SPRUCE & HAWE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
SPRUCE & HAWE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Spruce & Hawe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Blind Lane, Tockwith, York, YO26 7QJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 12 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 February 2024 75,000 75,000
At 31 January 2025 75,000 75,000
Accumulated amortisation
At 01 February 2024 75,000 75,000
At 31 January 2025 75,000 75,000
Net book value
At 31 January 2025 0 0
At 31 January 2024 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2024 160,946 160,946
At 31 January 2025 160,946 160,946
Accumulated depreciation
At 01 February 2024 141,764 141,764
Charge for the financial year 4,796 4,796
At 31 January 2025 146,560 146,560
Net book value
At 31 January 2025 14,386 14,386
At 31 January 2024 19,182 19,182

5. Stocks

2025 2024
£ £
Stocks 54,000 54,000

6. Debtors

2025 2024
£ £
Trade debtors 49,518 11,044
Amounts owed by Group undertakings 597,090 444,297
646,608 455,341

7. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 78,506 293,383

8. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 13,011 15,826
Taxation and social security 13,996 41,208
Other creditors 5,942 6,830
32,949 63,864

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000