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REGISTERED NUMBER: 05120483 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st May 2024

for

Spencer Hyde Limited

Spencer Hyde Limited (Registered number: 05120483)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Spencer Hyde Limited

Company Information
for the Year Ended 31st May 2024







DIRECTOR: A J Youselli





REGISTERED OFFICE: 272 Regents Park Road
London
N3 3HN





REGISTERED NUMBER: 05120483 (England and Wales)





ACCOUNTANTS: Spencer Hyde Limited
272 Regents Park Road
London
N3 3HN

Spencer Hyde Limited (Registered number: 05120483)

Statement of Financial Position
31st May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 9,820 10,061

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 445,503 446,628
Cash at bank and in hand 12,879 24,123
468,382 480,751
CREDITORS
Amounts falling due within one year 6 294,778 315,196
NET CURRENT ASSETS 173,604 165,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,424

175,616

CREDITORS
Amounts falling due after more than one year 7 74,000 111,000
NET ASSETS 109,424 64,616

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Capital redemption reserve 1,500 1,500
Retained earnings 106,424 61,616
SHAREHOLDERS' FUNDS 109,424 64,616

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

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

Spencer Hyde Limited (Registered number: 05120483)

Statement of Financial Position - continued
31st May 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 26th April 2025 and were signed by:





A J Youselli - Director


Spencer Hyde Limited (Registered number: 05120483)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Spencer Hyde 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 represents the value of fees receivable on services delivered. Where the outcome of an engagement can be reliably estimated the income associated with that engagement is recognised by reference to the stage of completion of the engagement at the end of the reporting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures & Fittings - 25% reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, as is work in progress with those engagements where the outcome of a transaction cannot be reliably estimated.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Spencer Hyde Limited (Registered number: 05120483)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2023 107,065 7,385 114,450
Additions 225 2,808 3,033
At 31st May 2024 107,290 10,193 117,483
DEPRECIATION
At 1st June 2023 99,348 5,041 104,389
Charge for year 1,986 1,288 3,274
At 31st May 2024 101,334 6,329 107,663
NET BOOK VALUE
At 31st May 2024 5,956 3,864 9,820
At 31st May 2023 7,717 2,344 10,061

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 436,580 425,651
Other debtors 8,923 20,977
445,503 446,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,000 37,000
Trade creditors 4,360 31,553
Taxation and social security 226,176 213,888
Other creditors 27,242 32,755
294,778 315,196

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 74,000 111,000

Spencer Hyde Limited (Registered number: 05120483)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 111,000 148,000

The bank loans are secured by fixed and floating charges over the assets of the company.