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REGISTERED NUMBER: 04822009 (England and Wales)










Financial Statements

for the Year Ended 30 September 2024

for

Eric Spencer Limited

Eric Spencer Limited (Registered number: 04822009)






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


Eric Spencer Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr R J Spencer
Mr R J Malsbury





SECRETARY: Mr R J Spencer





REGISTERED OFFICE: 15/17 Church Street
Ilkley
West Yorkshire
LS29 9DR





REGISTERED NUMBER: 04822009 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Eric Spencer Limited (Registered number: 04822009)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,619 7,893

CURRENT ASSETS
Stocks 212,303 215,848
Debtors 5 4,540 5,080
Cash at bank and in hand 25,130 17,390
241,973 238,318
CREDITORS
Amounts falling due within one year 6 (188,898 ) (173,195 )
NET CURRENT ASSETS 53,075 65,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,694

73,016

CREDITORS
Amounts falling due after more than one year 7 (20,529 ) (35,329 )

PROVISIONS FOR LIABILITIES (1,258 ) (1,500 )
NET ASSETS 37,907 36,187

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 37,807 36,087
SHAREHOLDERS' FUNDS 37,907 36,187

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.

Eric Spencer Limited (Registered number: 04822009)

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 9 May 2025 and were signed on its behalf by:




Mr R J Spencer - Director



Mr R J Malsbury - Director


Eric Spencer Limited (Registered number: 04822009)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Eric Spencer 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2023 - 5 ) .

Eric Spencer Limited (Registered number: 04822009)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 24,744 40,618 32,475 4,813 102,650
DEPRECIATION
At 1 October 2023 20,888 36,685 32,372 4,812 94,757
Charge for year 386 786 102 - 1,274
At 30 September 2024 21,274 37,471 32,474 4,812 96,031
NET BOOK VALUE
At 30 September 2024 3,470 3,147 1 1 6,619
At 30 September 2023 3,856 3,933 103 1 7,893


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,426 1,599
Prepayments 3,114 3,481
4,540 5,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 59,976 42,400
Corporation tax 1,013 2,163
Social security and other tax 14,028 12,307
Pension fund 539 -
Directors' current accounts 95,031 98,407
Accrued expenses 8,311 7,918
188,898 173,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 6,667 16,667
Other creditors 13,862 18,662
20,529 35,329

Eric Spencer Limited (Registered number: 04822009)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loan account 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 1 to 5 years 6,667 16,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2023 36,087
Profit for the year 2,720
Dividends (1,000 )
At 30 September 2024 37,807

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £1,000 were paid to the directors during the year ended 30th September 2024 (2023 : £2,000). The company owed the directors £95,031at 30th September 2024 (2023 : £98,407).