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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
Page
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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
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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
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SP Hammers Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
131,526 
257,410 
Current assets
Debtors
14,324 
18,554 
Cash at bank and in hand
50,202 
5,296 
64,526 
23,850 
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 
Capital and reserves
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
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SP Hammers Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2024
69,705 
61,821 
- 
131,526 
At 31 December 2023
168,705 
75,307 
13,398 
257,410 
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SP Hammers Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
14,324 
- 
Trade debtors
- 
17,804 
Other debtors
- 
750 
14,324 
18,554 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,336 
18,151 
VAT
- 
3,143 
Obligations under finance leases and hire purchase contracts
3,173 
10,395 
Trade creditors
- 
10,625 
Taxes and social security
8,985 
1,990 
Other creditors
- 
982 
Loans from directors
- 
62,480 
Accruals
555 
1,310 
31,049 
109,076 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
52,544 
61,298 
Obligations under finance leases and hire purchase contracts
- 
8,883 
52,544 
70,181 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Steven Vincent
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).
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