Company registration number 08497888 (England and Wales)
PAUL J SPENCER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
PAUL J SPENCER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PAUL J SPENCER LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
130,275
126,485
Current assets
Debtors
4
-
0
2,583
Cash at bank and in hand
889
264
889
2,847
Creditors: amounts falling due within one year
5
(48,469)
(45,552)
Net current liabilities
(47,580)
(42,705)
Total assets less current liabilities
82,695
83,780
Creditors: amounts falling due after more than one year
6
(13,020)
(12,500)
Net assets
69,675
71,280
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
69,674
71,279
Total equity
69,675
71,280

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 15 January 2026
Mr P Spencer
Director
Company registration number 08497888 (England and Wales)
PAUL J SPENCER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Paul J Spencer Limited is a private company limited by shares incorporated in England and Wales. The registered office is 88 Hill Village Road, Four Oaks, Sutton Coldfield, West Midlands, England, B75 5BE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

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

Freehold land and buildings
Not depreciated
Fixtures and fittings
10% reducing balance
Computers
33% on cost
Motor vehicles
25% reducing balance
1.4
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

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 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.

PAUL J SPENCER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2024
87,451
48,059
22,130
11,960
169,600
Additions
-
0
1,271
3,183
12,348
16,802
Disposals
-
0
-
0
-
0
(11,960)
(11,960)
At 30 April 2025
87,451
49,330
25,313
12,348
174,442
Depreciation and impairment
At 1 May 2024
-
0
14,706
21,895
6,514
43,115
Depreciation charged in the year
-
0
4,362
117
4,449
8,928
Eliminated in respect of disposals
-
0
-
0
-
0
(7,876)
(7,876)
At 30 April 2025
-
0
19,068
22,012
3,087
44,167
PAUL J SPENCER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
(Continued)
- 4 -
Carrying amount
At 30 April 2025
87,451
30,262
3,301
9,261
130,275
At 30 April 2024
87,451
33,353
235
5,446
126,485
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
2,583
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8,334
8,334
Taxation and social security
2,470
4,215
Other creditors
37,665
33,003
48,469
45,552
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
4,166
12,500
Other creditors
8,854
-
0
13,020
12,500
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