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REGISTERED NUMBER: 10392118 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

Spurrier Financial Solutions Limited

Spurrier Financial Solutions Limited (Registered number: 10392118)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Spurrier Financial Solutions Limited

COMPANY INFORMATION
for the year ended 30 November 2024







Director: S Spurrier





Registered office: 133 Compton Avenue
Plymouth
Devon
PL35DE





Registered number: 10392118 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Spurrier Financial Solutions Limited (Registered number: 10392118)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 1,307 1,033

Current assets
Debtors 5 8,477 11,484
Cash at bank 16,071 10,183
24,548 21,667
Creditors
Amounts falling due within one year 6 10,878 6,293
Net current assets 13,670 15,374
Total assets less current liabilities 14,977 16,407

Creditors
Amounts falling due after more than
one year

7

9,085

10,918
Net assets 5,892 5,489

Capital and reserves
Called up share capital 8 100 100
Retained earnings 5,792 5,389
Shareholders' funds 5,892 5,489

Spurrier Financial Solutions Limited (Registered number: 10392118)

BALANCE SHEET - continued
30 November 2024


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

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

The director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:





S Spurrier - Director


Spurrier Financial Solutions Limited (Registered number: 10392118)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Spurrier Financial Solutions 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 receivable and net of discounts. Turnover includes revenue earned from the rendering of services which is recognised by the reference to the stage of completion of the advice and certainty of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Spurrier Financial Solutions Limited (Registered number: 10392118)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
equipment
£   
Cost
At 1 December 2023 1,928
Additions 401
At 30 November 2024 2,329
Depreciation
At 1 December 2023 895
Charge for year 127
At 30 November 2024 1,022
Net book value
At 30 November 2024 1,307
At 30 November 2023 1,033

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,477 11,484

Spurrier Financial Solutions Limited (Registered number: 10392118)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,768 1,696
Taxation and social security 8,009 3,547
Other creditors 1,101 1,050
10,878 6,293

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 9,085 10,918

8. CALLED UP SHARE CAPITAL

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following joint advances and credits to a shareholder and a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
S Spurrier
Balance outstanding at start of year 11,484 6,241
Amounts advanced 41,679 36,582
Amounts repaid (44,686 ) (31,339 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,477 11,484

No interest is charged on outstanding amounts and amounts are repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is S Spurrier, the director and majority shareholder.