REGISTERED NUMBER: 08517722 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Spears Spares Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

K L Simpson

SECRETARY:

K L Simpson

REGISTERED OFFICE:

173 Ellesmere Road

Shrewsbury

Shropshire

SY1 2RE

REGISTERED NUMBER:

08517722 (England and Wales)

ACCOUNTANTS:

John Paris

Glendor

Main Road

Hanwood

Shrewsbury

Shropshire

SY5 8LJ

The director presents his report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of research into and manufacture of Spears for the Brewery trade.

DIRECTORS

K L Simpson has held office during the whole of the period from 1 May 2024 to the date of this report.

Other changes in directors holding office are as follows:

Mrs P S Simpson - deceased 30 December 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

K L Simpson - Director

14 January 2026

TURNOVER

-

7,984

Cost of sales

105,097

9,520

GROSS LOSS

(105,097

)

(1,536

)

Administrative expenses

14,378

8,845

OPERATING LOSS and

LOSS BEFORE TAXATION

(119,475

)

(10,381

)

Tax on loss

(1,027

)

-

LOSS FOR THE FINANCIAL YEAR

(118,448

)

(10,381

)

FIXED ASSETS

Tangible assets

5

593

343

CURRENT ASSETS

Stocks

-

200

Debtors

6

3,966

480

Cash at bank

4,938

34,013

8,904

34,693

CREDITORS

Amounts falling due within one year

7

195,688

102,779

NET CURRENT LIABILITIES

(186,784

)

(68,086

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(186,191

)

(67,743

)

PROVISIONS FOR LIABILITIES

32

32

NET LIABILITIES

(186,223

)

(67,775

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(186,225

)

(67,777

)

(186,223

)

(67,775

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 14 January 2026 and were signed by:

K L Simpson - Director

1.	STATUTORY INFORMATION

Spears Spares 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	OPERATING LOSS

The operating loss is stated after charging:

30.4.25

30.4.24

£

£

Depreciation - owned assets

148

108

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

2,292

Additions

398

At 30 April 2025

2,690

DEPRECIATION

At 1 May 2024

1,949

Charge for year

148

At 30 April 2025

2,097

NET BOOK VALUE

At 30 April 2025

593

At 30 April 2024

343

6.

DEBTORS

30.4.25

30.4.24

£

£

Amounts falling due within one year:

Other debtors

2,814

480

Amounts falling due after more than one year:

Other debtors

1,152

-

Aggregate amounts

3,966

480

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

5,057

-

Other creditors

190,631

102,779

195,688

102,779