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D.W. SPINKS & COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
D.W. Spinks & Company Limited is a private company, limited by shares, incorporated and registered in England and Wales. The Company's registered number is 00918601 and registered office address is 10 Queen Street Place, London, EC4R 1AG.
The Company's principal place of business is Holyfield Fisheries, Carp Lakes, Fishers Green Lane, Crooked Mile, Waltham Abbey, Essex, EN9 2ED and its principal activity is that of a Fishery.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
The financial statements have been prepared on the going concern basis on the assumption that the Company will continue to receive financial assistance from its shareholders and companies related by virtue of common control as and when required.
The Company's major creditor is a balance due to a company related by virtue of common control.
The director has reviewed the Company's liabilities over the next 12 months and considers the business to be a going concern. The director has reviewed cash flow forecasts, concluding that the going concern basis remains an appropriate basis of preparation for these financial statements given the cash flow impact of operations 12 months from the date of signing this report.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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