F.W. Spilsbury Limited

(Registration number: 05012241)
Balance Sheet as at 5 April 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	4,830	5,520
Tangible assets	5	594,558	547,661
Other financial assets	6	445,962	402,971
		1,045,350	956,152
Current assets
Stocks	7	7,401	5,884
Debtors	8	67,903	61,432
Cash at bank and in hand		553,703	598,423
		629,007	665,739
Creditors: Amounts falling due within one year	9	(96,333)	(82,677)
Net current assets		532,674	583,062
Total assets less current liabilities		1,578,024	1,539,214
Provisions for liabilities		(368)	-
Net assets		1,577,656	1,539,214
Capital and reserves
Called up share capital		150,100	150,100
Retained earnings		1,427,556	1,389,114
Shareholders' funds		1,577,656	1,539,214

For the financial year ending 5 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 October 2026 and signed on its behalf by:
 

......................................... Miss G Spilsbury Director

F.W. Spilsbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
12 Upper Howsell Road
Malvern
Worcs
WR14 1TL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

F.W. Spilsbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	2% Straight line
Furniture, fittings, tools and equipment	15% reducing balance and 20% reducing balance
Motor vehicles	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

F.W. Spilsbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2025 - 11).

F.W. Spilsbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

4	Intangible assets

	Goodwill  £	Website  £	Total £
Cost or valuation
At 6 April 2025	255,000	6,900	261,900
At 5 April 2026	255,000	6,900	261,900
Amortisation
At 6 April 2025	255,000	1,380	256,380
Amortisation charge	-	690	690
At 5 April 2026	255,000	2,070	257,070
Carrying amount
At 5 April 2026	-	4,830	4,830
At 5 April 2025	-	5,520	5,520

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 6 April 2025	581,991	50,882	185,240	818,113
Additions	-	399	82,950	83,349
Disposals	-	-	(59,030)	(59,030)
At 5 April 2026	581,991	51,281	209,160	842,432
Depreciation
At 6 April 2025	60,795	39,405	170,252	270,452
Charge for the year	7,600	1,874	23,654	33,128
Eliminated on disposal	-	-	(55,706)	(55,706)
At 5 April 2026	68,395	41,279	138,200	247,874
Carrying amount
At 5 April 2026	513,596	10,002	70,960	594,558
At 5 April 2025	521,196	11,477	14,988	547,661

Included within the net book value of land and buildings above is £513,596 (2025 - £521,195) in respect of freehold land and buildings.
 

F.W. Spilsbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 6 April 2025	402,971	402,971
Fair value adjustments	23,606	23,606
Additions	56,257	56,257
Disposals	(36,872)	(36,872)
At 5 April 2026	445,962	445,962
Carrying amount
At 5 April 2026	445,962	445,962
At 5 April 2025	402,971	402,971

7

Stocks

	2026 £	2025 £
Other inventories	7,401	5,884

8

Debtors

Current	2026 £	2025 £
Trade debtors	65,065	58,549
Prepayments	2,838	2,571
Other debtors	-	312
	67,903	61,432

F.W. Spilsbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

9

Creditors

	2026 £	2025 £
Due within one year
Trade creditors	8,433	15,847
Amounts owed to related parties	5,113	5,085
Taxation and social security	4,062	3,269
Other creditors	78,725	58,476
	96,333	82,677