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Company Registration No. 11294978 (Wales)
Spear Auto Services Ltd Accounts for the year ended 31 March 2025
Spear Auto Services Ltd Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Spear Auto Services Ltd Company Information for the year ended 31 March 2025
Directors
B H Spear N Stonelake
Company Number
11294978 (Wales)
Registered Office
Trafalgar Commercial Street Ystrad Mynach Hengoed CF82 7DY
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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Spear Auto Services Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
3,000
4,000
Tangible assets
5
2,415
2,841
5,415
6,841
Current assets
Inventories
33,000
28,000
Debtors
6
5,224
7,095
Cash at bank and in hand
10,875
7,616
49,099
42,711
Creditors: amounts falling due within one year
7
(96,144)
(76,028)
Net current liabilities
(47,045)
(33,317)
Total assets less current liabilities
(41,630)
(26,476)
Creditors: amounts falling due after more than one year
8
(18,749)
(15,770)
Net liabilities
(60,379)
(42,246)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(60,479)
(42,346)
Shareholders' funds
(60,379)
(42,246)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by
B H Spear Director Company Registration No. 11294978
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Spear Auto Services Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Spear Auto Services Ltd is a private company, limited by shares, registered in Wales, registration number 11294978. The registered office is Trafalgar, Commercial Street, Ystrad Mynach, Hengoed, CF82 7DY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
As the company expects to trade profitably in the future and is being supported by its shareholder, the directors have a reasonable expectation that it will continue to trade.
Intangible fixed assets
Intangible fixed assets, including purchased goodwill, are included at cost less accumulated amortisation.
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Spear Auto Services Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
10,000
At 31 March 2025
10,000
Amortisation
At 1 April 2024
6,000
Charge for the year
1,000
At 31 March 2025
7,000
Net book value
At 31 March 2025
3,000
At 31 March 2024
4,000
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
7,356
At 31 March 2025
7,356
Depreciation
At 1 April 2024
4,515
Charge for the year
426
At 31 March 2025
4,941
Net book value
At 31 March 2025
2,415
At 31 March 2024
2,841
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
5,224
7,095
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,948
9,513
VAT
2,654
6,848
Trade creditors
26,278
10,882
Taxes and social security
1,750
1,374
Other creditors
9,802
5,864
Loans from directors
51,712
41,547
96,144
76,028
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Spear Auto Services Ltd Notes to the Accounts for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
18,749
15,770
9
Transactions with related parties
Creditors due within one year, note 8, includes a non-interest bearing advance from the Director Mr B H Spear.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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