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REGISTERED NUMBER: 10373473 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

ConSpare Limited

ConSpare Limited (Registered number: 10373473)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ConSpare Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr D P Bullock
Mr J A Bullock
Mrs A H Barry
Mr D M Kershaw
Mr S J Wing
Mr T J Bullock





SECRETARY: Mr J A Bullock





REGISTERED OFFICE: Unit 1 Castlewood Business Park
Farmwell Lane
Sutton-in-Ashfield
Nottinghamshire
NG17 1BX





REGISTERED NUMBER: 10373473 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Hine House
25 Regent Street
Nottingham
Nottinghamshire
NG1 5BS

ConSpare Limited (Registered number: 10373473)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 282,168 376,653

CURRENT ASSETS
Stocks 1,971,013 2,240,525
Debtors 5 1,776,748 1,355,648
Cash at bank 57,656 131,493
3,805,417 3,727,666
CREDITORS
Amounts falling due within one year 6 1,648,423 1,692,219
NET CURRENT ASSETS 2,156,994 2,035,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,439,162

2,412,100

PROVISIONS FOR LIABILITIES 58,082 79,907
NET ASSETS 2,381,080 2,332,193

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Retained earnings 2,181,080 2,132,193
2,381,080 2,332,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 28 July 2025 and were signed on its behalf by:





Mr D P Bullock - Director


ConSpare Limited (Registered number: 10373473)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

ConSpare 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These financial statements have been prepared on a going concern basis. Although the Covid-19 pandemic initially created general economic uncertainty, the finances of the company, together with the other companies in the group, have proved sufficiently robust in minimising the financial impact of the various restrictions and lockdown periods that have directly affected the company's trade. As a precautionary measure the company has taken out a Coronavirus Business Interruption Loan.

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.
Plant and machinery etc - 10% on cost and at varying rates 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.

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
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.

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 36 (2023 - 33 ) .

ConSpare Limited (Registered number: 10373473)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 November 2023 540,038 439,738 979,776
Additions - 20,601 20,601
At 31 October 2024 540,038 460,339 1,000,377
DEPRECIATION
At 1 November 2023 241,989 361,134 603,123
Charge for year 84,497 30,589 115,086
At 31 October 2024 326,486 391,723 718,209
NET BOOK VALUE
At 31 October 2024 213,552 68,616 282,168
At 31 October 2023 298,049 78,604 376,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,694,812 1,242,526
Other debtors 81,936 113,122
1,776,748 1,355,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 298,812 379,350
Amounts owed to group undertakings - 442
Taxation and social security 470,760 385,534
Other creditors 878,851 926,893
1,648,423 1,692,219

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 12,617 248,497
Between one and five years 21,306 640,695
In more than five years - 657,000
33,923 1,546,192

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of ConSpare Holdings Limited, whose registered office is Unit 1 Castlewood Business Park, Farmwell Lane, Sutton-in-Ashfield, Nottinghamshire NG17 1BX.