Company Registration No. 11294978 (Wales)
Spear Auto Services Ltd
Accounts
for the year ended 31 March 2025
Spear Auto Services Ltd
Accounts
Contents
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
Spear Auto Services Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
3,000
4,000
Tangible assets
2,415
2,841
Cash at bank and in hand
10,875
7,616
Creditors: amounts falling due within one year
(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
(18,749)
(15,770)
Net liabilities
(60,379)
(42,246)
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
Spear Auto Services Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 has been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
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, including purchased goodwill, are included at cost less accumulated amortisation.
Spear Auto Services Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,948
9,513
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
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
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).