General Information
Spalding Associates (Environmental) Limited is a private company, limited by shares, registered in England and Wales, registration number 03464543, registration address Metherell Gard, Morval, Looe, Cornwall, PL13 1PN.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 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 taxation
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 of the 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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & Machinery 15% Reducing Balance
Office Equipment 10% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipt 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
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| 2. |
Average number of employees
Average number of employees during the year was 12 (2024 : 7).
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| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 December 2024 |
74,662 |
|
28,116 |
|
7,696 |
|
35,491 |
|
145,965 |
| Additions |
3,795 |
|
6,787 |
|
- |
|
1,694 |
|
12,276 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 30 November 2025 |
78,457 |
|
34,903 |
|
7,696 |
|
37,185 |
|
158,241 |
| Depreciation |
| At 01 December 2024 |
54,750 |
|
24,091 |
|
5,341 |
|
32,470 |
|
116,652 |
| Charge for year |
3,762 |
|
2,162 |
|
235 |
|
1,054 |
|
7,213 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 30 November 2025 |
58,512 |
|
26,253 |
|
5,576 |
|
33,524 |
|
123,865 |
| Net book values |
| Closing balance as at 30 November 2025 |
19,945 |
|
8,650 |
|
2,120 |
|
3,661 |
|
34,376 |
| Opening balance as at 01 December 2024 |
19,912 |
|
4,025 |
|
2,355 |
|
3,021 |
|
29,313 |
|
| 4. |
Advances and Credits
Mr A Spalding Directors loan transactions Mrs A Horn-Norris Directors loan transactions | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Mr A Spalding | (2,760) | | (11,000) | | - | | (33,100) | | - | | - | | 19,340 | | Mrs A Horn-Norris | - | | (16,104) | | - | | (16,104) | | - | | - | | - | | (2,760) | | (27,104) | | - | | (49,204) | | - | | - | | 19,340 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Mr A Spalding | 10,240 | | (18,000) | | - | | (5,000) | | - | | - | | (2,760) | | Mrs A Horn-Norris | - | | - | | - | | - | | - | | - | | - | | 10,240 | | (18,000) | | - | | (5,000) | | - | | - | | (2,760) |
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