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REGISTERED NUMBER: 10301501 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SPECTOR CONSTANT & WILLIAMS LTD

SPECTOR CONSTANT & WILLIAMS LTD (REGISTERED NUMBER: 10301501)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPECTOR CONSTANT & WILLIAMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A D Williams
G C Constantinou
R F Spector
P R Crumplin
J V A Robertson
G Scott
M Silvey
N Bazzaz
A Demetriou
N Gova
J A Orloff
N Toffis
J S Tott





REGISTERED OFFICE: 4th Floor
75 Wells Street
London
W1T 3QH





REGISTERED NUMBER: 10301501 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

SPECTOR CONSTANT & WILLIAMS LTD (REGISTERED NUMBER: 10301501)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 157,394 113,974
157,394 113,974

CURRENT ASSETS
Debtors 6 11,405,521 10,012,482
Cash at bank and in hand 935,310 699,395
12,340,831 10,711,877
CREDITORS
Amounts falling due within one year 7 1,886,592 2,728,091
NET CURRENT ASSETS 10,454,239 7,983,786
TOTAL ASSETS LESS CURRENT LIABILITIES 10,611,633 8,097,760

CREDITORS
Amounts falling due after more than one year 8 (8,045,965 ) (5,674,568 )

PROVISIONS FOR LIABILITIES 11 (187,266 ) (167,646 )
NET ASSETS 2,378,402 2,255,546

CAPITAL AND RESERVES
Called up share capital 12 3,008 3,008
Share premium 624,100 624,100
Retained earnings 1,751,294 1,628,438
2,378,402 2,255,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SPECTOR CONSTANT & WILLIAMS LTD (REGISTERED NUMBER: 10301501)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





R F Spector - Director


SPECTOR CONSTANT & WILLIAMS LTD (REGISTERED NUMBER: 10301501)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Spector Constant & Williams Ltd 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Vale Added Tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

The value of unbilled work is included within debtors under prepayments and accrued income.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - over length of lease
Plant and machinery etc - 33.33% on cost

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 balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

SPECTOR CONSTANT & WILLIAMS LTD (REGISTERED NUMBER: 10301501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 24,912
AMORTISATION
At 1 October 2023
and 30 September 2024 24,912
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 223,626 383,198 606,824
Additions - 120,441 120,441
At 30 September 2024 223,626 503,639 727,265
DEPRECIATION
At 1 October 2023 140,236 352,614 492,850
Charge for year 35,059 41,962 77,021
At 30 September 2024 175,295 394,576 569,871
NET BOOK VALUE
At 30 September 2024 48,331 109,063 157,394
At 30 September 2023 83,390 30,584 113,974

SPECTOR CONSTANT & WILLIAMS LTD (REGISTERED NUMBER: 10301501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 5,127,787 3,908,141
Other debtors 6,154,750 5,761,580
11,282,537 9,669,721

Amounts falling due after more than one year:
Other debtors 122,984 342,761

Aggregate amounts 11,405,521 10,012,482

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 400,000 370,000
Hire purchase contracts (see note 9) 9,719 -
Trade creditors 845,675 257,474
Taxation and social security 553,602 914,257
Other creditors 77,596 1,186,360
1,886,592 2,728,091

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 54,167 104,167
Hire purchase contracts (see note 9) 76,381 -
Other creditors 7,915,417 5,570,401
8,045,965 5,674,568

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 9,719 -
Between one and five years 76,381 -
86,100 -

SPECTOR CONSTANT & WILLIAMS LTD (REGISTERED NUMBER: 10301501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 290,920 290,920

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 454,167 474,167

Lloyds Bank Plc hold a fixed and floating charge over the company created on 25 September 2019.

11. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 27,266 7,646
Other provisions 160,000 160,000
187,266 167,646

Dilapidati
Deferred on
tax provision
£    £   
Balance at 1 October 2023 7,646 160,000
Provided during year 19,620 -
Balance at 30 September 2024 27,266 160,000

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
30.09.21 30.09.20
Number: Class: Nominal value: £    £   
1,000 Ordinary £1 1,000 1,000
1,000 Growth £1 1,000 1,000
1,000 Voting £1 1,000 1,000
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
1 Ordinary F £1 1 1
1 Ordinary G £1 1 1
1 Ordinary H £1 1 1
3,008 3,008

SPECTOR CONSTANT & WILLIAMS LTD (REGISTERED NUMBER: 10301501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Director
Balance outstanding at start of year 371,500 359,107
Amounts advanced 37,820 33,876
Amounts repaid (9,265 ) (21,483 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 400,055 371,500

Director
Balance outstanding at start of year 8,357 10,496
Amounts advanced 18,954 16,077
Amounts repaid (8,322 ) (18,216 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,989 8,357

Director
Balance outstanding at start of year 12,362 21,000
Amounts advanced 18,074 12,075
Amounts repaid (4,251 ) (20,713 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,185 12,362

Director
Balance outstanding at start of year 7,459 4,884
Amounts advanced 16,513 14,942
Amounts repaid (8,259 ) (12,367 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,713 7,459

Director
Balance outstanding at start of year 6,933 7,116
Amounts advanced 15,678 14,275
Amounts repaid (8,190 ) (14,458 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,421 6,933

Interest is payable on debtor balances of 2.6% per annum and amounts are repayable on demand.

Credit balances are interest free and repayable on demand.

SPECTOR CONSTANT & WILLIAMS LTD (REGISTERED NUMBER: 10301501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


14. RELATED PARTY DISCLOSURES

Included within debtors due within one year are amount owed by shareholders totalling £1,466,284 (2023 - £1,186,284). These amounts are interest free and repayable on demand.