Spencers of Car Colston Limited iXBRL

Spencers of Car Colston Limited

Abridged Unaudited Financial Statements

for the financial year ended 31 March 2026

Spencers of Car Colston Limited

Company Registration Number: 04897329

ABRIDGED BALANCE SHEET

as at 31 March 2026

		2026	2025
	Notes	£	£

Fixed Assets

Tangible assets

32,720

34,880

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Current Assets

Stocks

10,703

9,859

Debtors

8,160

8,160

Cash at bank and in hand

78,219

83,668

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97,082

101,687

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Creditors: amounts falling due within one year

(47,606)

(61,820)

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Net Current Assets

49,476

39,867

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Total Assets less Current Liabilities

82,196

74,747

Provisions for liabilities

(6,217)

(6,627)

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Net Assets

75,979

68,120

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Capital and Reserves

Called up share capital

200

200

Retained earnings

75,779

67,920

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Shareholders' Funds

75,979

68,120

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 3 July 2026 and signed on its behalf by




________________________________
Richard Spencer
Director

Spencers of Car Colston Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

General Information

Spencers of Car Colston Limited is a company limited by shares incorporated in the United Kingdom.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 March 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

33% reducing balance

Fixtures, fittings and equipment

25% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying

Stocks

Stocks are valued at the lower of cost and net realisable value.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pensions

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average number of employees, including directors, during the financial year was 14, (2025 - 14).


4.	Tangible assets
		Plant and	Fixtures,	Total
		machinery	fittings and
			equipment
		£	£	£
	Cost
	At 1 April 2025	9,455	173,774	183,229
	Additions	-	9,040	9,040
		─────────	─────────	─────────
	At 31 March 2026	9,455	182,814	192,269
		─────────	─────────	─────────
	Depreciation
	At 1 April 2025	6,823	141,526	148,349
	Charge for the financial year	878	10,322	11,200
		─────────	─────────	─────────
	At 31 March 2026	7,701	151,848	159,549
		─────────	─────────	─────────
	Net book value
	At 31 March 2026	1,754	30,966	32,720
		═════════	═════════	═════════
	At 31 March 2025	2,632	32,248	34,880
		═════════	═════════	═════════