Geo Spence & Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00497357 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

GEO SPENCE & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Terence George Spence

Nicholas Timothy Spence

Barbara Spence

Fiona Jane Spence

REGISTERED OFFICE:

105 Wellington Road

Leeds

West Yorkshire

LS12 1DX

REGISTERED NUMBER:

00497357 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

1 Valley Court

Canal Road

Bradford

West Yorkshire

BD1 4SP

FIXED ASSETS

Tangible assets

4

1,378

2,485

Investments

5

253,238

258,770

254,616

261,255

CURRENT ASSETS

Stocks

268,870

276,952

Debtors

6

50,609

49,536

Cash at bank and in hand

122,636

142,414

442,115

468,902

CREDITORS

Amounts falling due within one year

7

89,692

146,913

NET CURRENT ASSETS

352,423

321,989

TOTAL ASSETS LESS CURRENT
LIABILITIES

607,039

583,244

PROVISIONS FOR LIABILITIES

344

574

NET ASSETS

606,695

582,670

CAPITAL AND RESERVES

Called up share capital

2,902

Share premium

2,350

Fair value reserve

166,527

172,059

Profit and loss account

434,916

405,359

SHAREHOLDERS' FUNDS

606,695

582,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

Nicholas Timothy Spence - Director

1.	STATUTORY INFORMATION

Geo Spence & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

4% on cost

Leasehold alterations

-

20% on reducing balance

Fixtures and fittings

-

10%/20% on reducing balance and cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 tax

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Investments

Investments are comprised of quoted and unquoted equity instruments.The unquoted equity instruments are measured at cost.The quoted equity instruments are measured at fair value. Changes in fair value are recognised in the profit and loss account.

Leasing

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the shorter of the lease period and the period to the next rent review at which the rent is expected to be reset to market rates.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

property

alterations

fittings

Totals

£

COST

At 1 February 2025

and 31 January 2026

52,524

16,335

44,669

113,528

DEPRECIATION

At 1 February 2025

52,523

16,334

42,186

111,043

Charge for year

-

1,107

At 31 January 2026

52,523

16,334

43,293

112,150

NET BOOK VALUE

At 31 January 2026

1

1,376

1,378

At 31 January 2025

1

2,483

2,485

5.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

Totals

£

COST OR VALUATION

At 1 February 2025

257,470

1,300

258,770

Revaluations

(5,532

)

-

(5,532

)

At 31 January 2026

251,938

1,300

253,238

NET BOOK VALUE

At 31 January 2026

251,938

1,300

253,238

At 31 January 2025

257,470

1,300

258,770

Cost or valuation at 31 January 2026 is represented by:

Listed

Unlisted

investments

Totals

£

Valuation in 2018

444,885

1,300

446,185

Valuation in 2019

(7,082

)

-

(7,082

)

Valuation in 2020

(93,826

)

-

(93,826

)

Valuation in 2021

71,884

-

71,884

Valuation in 2022

6,388

-

6,388

Valuation in 2023

(142,928

)

-

(142,928

)

Valuation in 2024

5,071

-

5,071

Valuation in 2025

(26,922

)

-

(26,922

)

Valuation in 2026

(5,532

)

-

(5,532

)

251,938

1,300

253,238

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

40,532

42,612

Other debtors

5,605

3,475

Prepayments and accrued income

4,472

3,449

50,609

49,536

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

40,707

42,861

Taxation and social security

39,221

30,787

Other creditors

9,764

73,265

89,692

146,913

8.	PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £4,785 (2024: £4,238). Contributions totalling £522 (2024: £344) were payable to the fund at the year end and are included in in creditors.