SPM (STORES) LTD

Company Registration Number:
07323956 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

SPM (STORES) LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes

SPM (STORES) LTD

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 3,136 6,269
Tangible assets: 4 139,048 86,549
Total fixed assets: 142,184 92,818
Current assets
Stocks: 5 40,000 40,000
Debtors: 6 384,715 119,789
Cash at bank and in hand: 301,462 488,941
Total current assets: 726,177 648,730
Creditors: amounts falling due within one year: 7 ( 82,678 ) ( 77,012 )
Net current assets (liabilities): 643,499 571,718
Total assets less current liabilities: 785,683 664,536
Creditors: amounts falling due after more than one year: 8 ( 19,717 ) ( 29,653 )
Total net assets (liabilities): 765,966 634,883
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 764,966 633,883
Total Shareholders' funds: 765,966 634,883

The notes form part of these financial statements

SPM (STORES) LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 April 2025
and signed on behalf of the board by:

Name: M Patel
Status: Director

The notes form part of these financial statements

SPM (STORES) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is stated after deduction of discounts and VAT

SPM (STORES) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

SPM (STORES) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 August 2023 9,405 9,405
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 9,405 9,405
Amortisation
At 1 August 2023 3,136 3,136
Charge for year 3,133 3,133
On disposals
Other adjustments
At 31 July 2024 6,269 6,269
Net book value
At 31 July 2024 3,136 3,136
At 31 July 2023 6,269 6,269

SPM (STORES) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 116,549 116,549
Additions 71,818 71,818
Disposals
Revaluations
Transfers
At 31 July 2024 188,367 188,367
Depreciation
At 1 August 2023 30,000 30,000
Charge for year 19,319 19,319
On disposals
Other adjustments
At 31 July 2024 49,319 49,319
Net book value
At 31 July 2024 139,048 139,048
At 31 July 2023 86,549 86,549

SPM (STORES) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Stocks

2024 2023
£ £
Stocks 40,000 40,000
Payments on account 0
Total 40,000 40,000

SPM (STORES) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Debtors

2024 2023
£ £
Trade debtors 384,715 119,789
Total 384,715 119,789

SPM (STORES) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 82,678 77,012
Total 82,678 77,012

SPM (STORES) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

8. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 19,717 29,653
Total 19,717 29,653

SPM (STORES) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

9. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Build residential accommodation above shop premises.
£
Balance at 31 July 2023 91,927
Advances or credits made: 288,925
Advances or credits repaid: 24,000
Balance at 31 July 2024 356,852