Company Registration No. 03882801 (England and Wales)
SP Hammers Limited
Unaudited accounts
for the year ended 31 December 2024
SP Hammers Limited
Unaudited accounts
Contents
SP Hammers Limited
Company Information
for the year ended 31 December 2024
Directors
Steven Vincent
Lisa Vincent
Company Number
03882801 (England and Wales)
Registered Office
Unit 8 Peel Ind Est
Peel Industrial Estate
Chamberhall Street
Bury
BL9 0LU
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
SP Hammers Limited
Accountants' report
Accountants' report to the board of directors of SP Hammers Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SP Hammers Limited for the year ended
31 December 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SP Hammers Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SP Hammers Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SP Hammers Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SP Hammers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SP Hammers Limited. You consider that SP Hammers Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SP Hammers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
5 May 2025
SP Hammers Limited
Statement of financial position
as at 31 December 2024
Tangible assets
131,526
257,410
Cash at bank and in hand
50,202
5,296
Creditors: amounts falling due within one year
(31,049)
(109,076)
Net current assets/(liabilities)
33,477
(85,226)
Total assets less current liabilities
165,003
172,184
Creditors: amounts falling due after more than one year
(52,544)
(70,181)
Net assets
112,459
102,003
Called up share capital
100
100
Profit and loss account
112,359
101,903
Shareholders' funds
112,459
102,003
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by
Steven Vincent
Director
Company Registration No. 03882801
SP Hammers Limited
Notes to the Accounts
for the year ended 31 December 2024
SP Hammers Limited is a private company, limited by shares, registered in England and Wales, registration number 03882801. The registered office is Unit 8 Peel Ind Est, Peel Industrial Estate, Chamberhall Street, Bury, BL9 0LU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Nil depreciation charge
Plant & machinery
10% straight line method
Motor vehicles
25% straight line method
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
168,705
157,275
46,225
372,205
Disposals
(99,000)
-
(23,029)
(122,029)
At 31 December 2024
69,705
157,275
23,196
250,176
At 1 January 2024
-
81,968
32,827
114,795
Charge for the year
-
13,486
1,919
15,405
On disposals
-
-
(11,550)
(11,550)
At 31 December 2024
-
95,454
23,196
118,650
At 31 December 2024
69,705
61,821
-
131,526
At 31 December 2023
168,705
75,307
13,398
257,410
SP Hammers Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
18,336
18,151
Obligations under finance leases and hire purchase contracts
3,173
10,395
Taxes and social security
8,985
1,990
Loans from directors
-
62,480
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
8,883
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors's loan account
(62,480)
(48,948)
(111,428)
-
(62,480)
(48,948)
(111,428)
-
10
Average number of employees
During the year the average number of employees was 0 (2023: 3).