W A Spence Limited - Filleted accounts

Registered number

05779498

W A Spence Limited

Filleted Accounts

30 April 2025

W A Spence Limited
Registered number:		05779498
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,080			4,426

Current assets
Debtors	4	16,125			13,570
Cash at bank and in hand		65,831			70,610
		81,956			84,180

Creditors: amounts falling due within one year	5	(32,964)			(29,939)

Net current assets			48,992			54,241

Total assets less current liabilities			53,072			58,667


Provisions for liabilities			(530)			(590)


Net assets			52,542			58,077

Capital and reserves
Called up share capital			1			1
Profit and loss account			52,541			58,076

Shareholder's funds			52,542			58,077

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




W A Spence
Director
Approved by the board on 15 January 2026

W A Spence Limited
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 May 2024	1,576		15,561		17,137
	Additions	-		997		997
	At 30 April 2025	1,576		16,558		18,134

	Depreciation
	At 1 May 2024	252		12,459		12,711
	Charge for the year	31		1,312		1,343
	At 30 April 2025	283		13,771		14,054

	Net book value
	At 30 April 2025	1,293		2,787		4,080
	At 30 April 2024	1,324		3,102		4,426


4	Debtors			2025		2024
£					£

	Trade debtors			5,454		882
	Other debtors			10,671		12,688
				16,125		13,570


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			56		755
	Taxation and social security costs			7,749		8,931
	Other creditors			25,159		20,253
				32,964		29,939


6	Other information

	W A Spence Limited is a private company limited by shares and incorporated in England. Its registered office is:
	69 Huntlea Avenue
	Lincoln
	Lincs.
	LN6 7UZ