Spencer Haulage NW Limited

Spencer Haulage NW Limited
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	172,282	228,673
		172,282	228,673
Current assets
Debtors	4	-	81,000
Cash at bank and in hand		83,716	84,004
		83,716	165,004
Creditors: amount falling due within one year	5	(119,587)	(120,560)
Net current assets		(35,871)	44,444

Total assets less current liabilities		136,411	273,117
Creditors: amount falling due after more than one year	6	(196,664)	(207,216)
Provisions for liabilities	7	(47,980)	(47,980)
Net assets		(108,233)	17,921

Capital and reserves
Called up share capital	8	120	120
Profit and loss account		(108,353)	17,801
Shareholders' funds		(108,233)	17,921

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 08 December 2025 and were signed by:

-------------------------------
Anthony Spencer
Director

Spencer Haulage NW Limited
Notes to the Financial Statements
For the year ended 31 December 2024

General Information

Spencer Haulage NW Limited is a private company, limited by shares, registered in England and Wales, registration number 07886842, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 11 (2023 : 11).

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£	£
At 01 January 2024	4,145	30,263	613,557	69,003	716,968
Additions	-	-	-	-	-
Disposals	-	-	-	-	-
At 31 December 2024	4,145	30,263	613,557	69,003	716,968
Depreciation
At 01 January 2024	1,036	19,314	452,962	14,983	488,295
Charge for year	-	2,737	40,149	13,505	56,391
On disposals	-	-	-	-	-
At 31 December 2024	1,036	22,051	493,111	28,488	544,686
Net book values
Closing balance as at 31 December 2024	3,109	8,212	120,446	40,515	172,282
Opening balance as at 01 January 2024	3,109	10,949	160,595	54,020	228,673

Debtors: amounts falling due within one year

	2024 £		2023 £
Trade Debtors	-		81,000
	-		81,000

Creditors: amount falling due within one year

	2024 £	2023 £
Trade Creditors	61,040	31,504
PAYE & Social Security	-	4,897
Accrued Expenses	3,147	3,147
Obligations under HP/Financial Leases	39,840	39,840
VAT	15,560	41,172
	119,587	120,560

Creditors: amount falling due after more than one year

	2024 £	2023 £
Bank Loans & Overdrafts	14,672	25,224
Obligations Under HP/Financial Leases	181,992	181,992
	196,664	207,216

Provisions for liabilities

	2024 £		2023 £
Deferred Tax	47,980		47,980
	47,980		47,980

Share Capital

Authorised
100 Ordinary shares of £1.00 each
10 A Ordinary shares of £1.00 each
10 B Ordinary shares of £1.00 each

Allotted, called up and fully paid	2024 £	2023 £
100 Ordinary shares of £1.00 each	100	100
10 A Ordinary shares of £1.00 each	10	10
10 B Ordinary shares of £1.00 each	10	10
	120	120

Registered Number: 07886842
England and Wales
Filleted Accounts

for the year ended 31 December 2024
for
SPENCER HAULAGE NW LIMITED