REGISTERED NUMBER: 04887524 (England and Wales)

SPURLING CANNON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Spurling FCCA

A Cannon FCCA

R W Phillpott FMAAT FCCA

J D Pritchard FCCA

P J Loveridge FCCA BSc

S Finch ACA, BFP, BA (Hons)

A Sammonds FCCA

Ms S M Grant FCCA BSc (Hons)

SECRETARY:

REGISTERED OFFICE:

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

REGISTERED NUMBER:

04887524 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

400,973

311,669

400,973

311,669

CURRENT ASSETS

Stocks

159,665

170,861

Debtors

6

753,446

666,572

Cash at bank and in hand

73,778

3,220

986,889

840,653

CREDITORS

Amounts falling due within one year

7

956,083

722,838

NET CURRENT ASSETS

30,806

117,815

TOTAL ASSETS LESS CURRENT LIABILITIES

431,779

429,484

PROVISIONS FOR LIABILITIES

-

102

NET ASSETS

431,779

429,382

CAPITAL AND RESERVES

Called up share capital

110

109

Retained earnings

431,669

429,273

SHAREHOLDERS' FUNDS

431,779

429,382

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.

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 30 June 2025 and were signed on its behalf by:

J Spurling FCCA - Director

A Cannon FCCA - Director

J D Pritchard FCCA - Director

1.	STATUTORY INFORMATION

Spurling Cannon 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.

Improvements to property

-

2% on cost

Fixture & Fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and 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 62 (2023 - 64 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

796,603

AMORTISATION

At 1 October 2023

and 30 September 2024

796,603

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Fixture &

leasehold

property

Fittings

£

£

£

COST

At 1 October 2023

18,755

263,203

108,356

Additions

-

52,976

31,537

At 30 September 2024

18,755

316,179

139,893

DEPRECIATION

At 1 October 2023

18,755

31,295

90,868

Charge for year

-

20,602

2,613

At 30 September 2024

18,755

51,897

93,481

NET BOOK VALUE

At 30 September 2024

-

264,282

46,412

At 30 September 2023

-

231,908

17,488

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2023

56,090

156,552

602,956

Additions

29,798

3,313

117,624

At 30 September 2024

85,888

159,865

720,580

DEPRECIATION

At 1 October 2023

24,539

125,830

291,287

Charge for year

-

5,105

28,320

At 30 September 2024

24,539

130,935

319,607

NET BOOK VALUE

At 30 September 2024

61,349

28,930

400,973

At 30 September 2023

31,551

30,722

311,669

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

403,602

506,162

Other debtors

349,844

160,410

753,446

666,572

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

26,418

Trade creditors

72,730

60,595

Taxation and social security

422,708

411,587

Other creditors

460,645

224,238

956,083

722,838