Studio Spicer Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 07207677

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		220,544		272,358

			220,544		272,358
CURRENT ASSETS
Debtors	5	546,827		386,286
Cash at bank and in hand		155,794		193,558

		702,621		579,844
Creditors: Amounts Falling Due Within One Year	6	(263,639 )		(253,263 )

NET CURRENT ASSETS (LIABILITIES)			438,982		326,581

TOTAL ASSETS LESS CURRENT LIABILITIES			659,526		598,939

Creditors: Amounts Falling Due After More Than One Year	7		-		(73,312 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(31,514 )		(46,470 )

NET ASSETS			628,012		479,157

CAPITAL AND RESERVES
Called up share capital	9		102		102
Income Statement			627,910		479,055

SHAREHOLDERS' FUNDS			628,012		479,157

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Studio Spicer Ltd

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Oliver Spicer

Director

01/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Studio Spicer Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07207677 . The registered office is 11 Mansell Street, Stratford-Upon-Avon, CV37 6NR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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Studio Spicer Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2025: 13)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2025	342,177	150,045	492,222
Additions	-	14,775	14,775

As at 31 March 2026	342,177	164,820	506,997

Depreciation
As at 1 April 2025	158,955	60,909	219,864
Provided during the period	45,806	20,783	66,589

As at 31 March 2026	204,761	81,692	286,453

Net Book Value
As at 31 March 2026	137,416	83,128	220,544

As at 1 April 2025	183,222	89,136	272,358

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	259,048	174,421
Other debtors	287,779	211,865

	546,827	386,286

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Studio Spicer Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	73,312	61,437
Trade creditors	6,575	4,965
Bank loans and overdrafts	-	13,944
Other creditors	30,695	47,569
Taxation and social security	153,057	125,348

	263,639	253,263

Liabilities in respect of hire purchase contracts totalling £73,312 (2025: £61,437) are secured against the assets to which they relate.

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	73,312

Liabilities in respect of hire purchase contracts totalling £0 (2025: £73,312) are secured against the assets to which they relate.

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	73,312	61,437
Later than one year and not later than five years	-	73,312

	73,312	134,749

	73,312	134,749

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	102	102

10. Related Party Transactions

As at 31st March 2026, £9,700 (2025: £11,169) was owed to a company under common control. This amount is interest free and repayable on demand.

As at 31st March 2026, £182 (2025: £81) was due from a company under common control. This amount is interest free and repayable on demand.

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