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Registration number: 06009729

B Spencer & Son Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

B Spencer & Son Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Balance Sheet | 4 to 5
Notes to the Unaudited Financial Statements | 6 to 10

B Spencer & Son Limited

Company Information

Directors | R E Auty B L Auty

Registered office | Milnsbridge Garage Savile Street Milnsbridge Huddersfield West Yorkshire HD3 4PG

B Spencer & Son Limited

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

T Spencer (resigned 7 January 2026)

R E Auty (appointed 23 October 2025)

B L Auty (appointed 1 May 2025)

L Spencer (resigned 6 June 2025)

Principal activity

The principal activity of the company is maintenance and repair of motor vehicles.

Small companies provision statement

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

Approved and authorised by the Board on 21 April 2026 and signed on its behalf by:

......................................... R E Auty Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
B Spencer & Son Limited
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of B Spencer & Son Limited for the year ended 31 December 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of B Spencer & Son Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of B Spencer & Son Limited and state those matters that we have agreed to state to the Board of Directors of B Spencer & Son Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B Spencer & Son Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that B Spencer & Son Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of B Spencer & Son Limited. You consider that B Spencer & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of B Spencer & Son Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Balance Accountants
Accountancy for Growth
Victoria Court
91 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JA

Date:.............................

B Spencer & Son Limited

(Registration number: 06009729)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets |  | 686 | -
Tangible assets | 4 | 34,804 | 11,227
|  | 35,490 | 11,227
Current assets |  |  |
Stocks | 5 | 2,500 | 5,520
Debtors | 6 | 975,520 | 18,664
Cash at bank and in hand |  | 14,063 | 840,506
|  | 992,083 | 864,690
Creditors: Amounts falling due within one year | 7 | (69,979) | (65,939)
Net current assets |  | 922,104 | 798,751
Total assets less current liabilities |  | 957,594 | 809,978
Provisions for liabilities |  | (8,701) | (2,807)
Net assets |  | 948,893 | 807,171
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 948,793 | 807,071
Shareholders' funds |  | 948,893 | 807,171

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

B Spencer & Son Limited

(Registration number: 06009729)
Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 21 April 2026 and signed on its behalf by:

......................................... R E Auty Director

B Spencer & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Milnsbridge Garage
Savile Street
Milnsbridge
Huddersfield
West Yorkshire
HD3 4PG

These financial statements were authorised for issue by the Board on 21 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

B Spencer & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% on reducing balance
Fixtures and fittings | 25% on reducing balance
Motor vehicles | 25% on reducing balance
Computer equipment | 25% on reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Intangible Assets | 5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

B Spencer & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

B Spencer & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 January 2025 | 5,026 | 45,622 | 3,571 | 1,600
Additions | 8,796 | 3,113 | 1,277 | 16,450
Disposals | - | - | - | (3,100)
At 31 December 2025 | 13,822 | 48,735 | 4,848 | 14,950
Depreciation
At 1 January 2025 | 4,544 | 35,531 | 3,130 | 1,387
Charge for the year | 758 | 2,762 | 168 | 657
Eliminated on disposal | - | - | - | (1,386)
At 31 December 2025 | 5,302 | 38,293 | 3,298 | 658
Carrying amount
At 31 December 2025 | 8,520 | 10,442 | 1,550 | 14,292
At 31 December 2024 | 482 | 10,091 | 441 | 213

| Total £
Cost or valuation
At 1 January 2025 | 55,819
Additions | 29,636
Disposals | (3,100)
At 31 December 2025 | 82,355
Depreciation
At 1 January 2025 | 44,592
Charge for the year | 4,345
Eliminated on disposal | (1,386)
At 31 December 2025 | 47,551
Carrying amount
At 31 December 2025 | 34,804
At 31 December 2024 | 11,227

B Spencer & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 2,500 | 5,520

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 7,613 | 12,661
Amounts owed by related parties |  | 956,591 | -
Prepayments |  | 5,066 | 6,003
Other debtors |  | 6,250 | -
|  | 975,520 | 18,664

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 6,016 | 6,260
Taxation and social security | 59,866 | 56,508
Accruals and deferred income | 3,610 | 2,654
Other creditors | 487 | 517
| 69,979 | 65,939