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REGISTERED NUMBER:
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ERIC SPENCER LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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REGISTERED NUMBER:
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ERIC SPENCER LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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ERIC SPENCER LIMITED (REGISTERED NUMBER: 04822009) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Directors' Responsibilities Statement | 7 |
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Independent Chartered Accountant's Review Report | 8 |
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ERIC SPENCER LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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Nat West Bank Chambers |
The Grove |
Ilkley |
West Yorkshire |
LS29 9LS |
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BANKERS: |
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9 Brook Street |
Ilkley |
West Yorkshire |
LS29 8AD |
ERIC SPENCER LIMITED (REGISTERED NUMBER: 04822009) |
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BALANCE SHEET |
30 SEPTEMBER 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | 8 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | 10 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
ERIC SPENCER LIMITED (REGISTERED NUMBER: 04822009) |
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BALANCE SHEET - continued |
30 SEPTEMBER 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Mr R J Spencer - Director | Mr P H Atkinson - Director |
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Mr R J Malsbury - Director |
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ERIC SPENCER LIMITED (REGISTERED NUMBER: 04822009) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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1. | STATUTORY INFORMATION |
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Eric Spencer Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Improvements to property | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2017 - 7 ). |
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and | Motor | Computer |
property | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 October 2017 |
and 30 September 2018 |
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DEPRECIATION |
At 1 October 2017 |
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Charge for year |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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ERIC SPENCER LIMITED (REGISTERED NUMBER: 04822009) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Other creditors | 1,862 | 1,862 |
Tax |
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Social security and other taxes |
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Directors' current accounts | 170,911 | 177,647 |
Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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8. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | 576 | 742 |
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Deferred |
tax |
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Balance at 1 October 2017 |
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Credit to Income Statement during year | ( |
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Balance at 30 September 2018 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
ERIC SPENCER LIMITED (REGISTERED NUMBER: 04822009) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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10. | RESERVES |
Retained |
earnings |
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At 1 October 2017 |
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Profit for the year |
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Dividends | ( |
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At 30 September 2018 |
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11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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Dividends totalling £4000 were paid to the directors during the year (2017 £14286). The company owed the |
directors £170911 at 30th September 2018 (£177647 at 30th September 2017). |
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12. | RELATED PARTY DISCLOSURES |
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Rent totalling £30051 (2017 £29840) was paid for the use of the company's premises. Mr R J Spencer, who is a |
director of the company, owns half of the premises. |
DIRECTORS' RESPONSIBILITIES STATEMENT |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ERIC SPENCER LIMITED |
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The following reproduces the text of the report prepared for the directors and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other |
primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to: |
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- | ensure that the company has kept proper accounting records; |
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prepare financial statements which give a true and fair view of the state of affairs of the company as at
30 September 2018 and of its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and |
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follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to
the financial statements. |
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ON BEHALF OF THE BOARD: |
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Mr R J Spencer - Director | Mr P H Atkinson - Director |
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Mr R J Malsbury - Director |
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26 June 2019 |
INDEPENDENT CHARTERED ACCOUNTANT'S REVIEW REPORT TO THE DIRECTORS OF |
ERIC SPENCER LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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I have reviewed the financial statements of Eric Spencer Limited for the year ended 30 September 2018, which comprise the Income Statement, Balance Sheet and the related notes 1 to 15. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. |
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This report is made solely to the company's directors, as a body, in accordance with my terms of engagement. My review has been undertaken so that I might state to the directors those matters that I have agreed with them in my engagement letter and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's directors as a body for my work, for this report or the conclusions I have formed. |
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Directors' responsibility for the financial statements |
As explained more fully in the Directors' Responsibilities Statement set out on page nine, the directors are responsible |
for the preparation of the financial statements and for being satisfied that they give a true and fair view. |
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Accountant's responsibility |
My responsibility is to express a conclusion based on my review of the financial statements. I conducted my review in |
accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review |
historical financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on |
historical financial statements'. ISRE 2400 also requires me to comply with the ICAEW Code of Ethics. |
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Scope of the assurance review |
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. I have |
performed additional procedures to those required under a compilation engagement. These primarily consist of making |
enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the |
evidence obtained. The procedures performed in a review are substantially less than those performed in an audit |
conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, I do not express an |
audit opinion on these financial statements. |
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Conclusion |
Based on my review, nothing has come to my attention that causes me to believe that the financial statements have not been prepared: |
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so as to give a true and fair view of the state of the company's affairs as at 30 September 2018 and of its profit for the
year then ended; |
- | in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | in accordance with the requirements of the Companies Act 2006. |
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Nat West Bank Chambers |
The Grove |
Ilkley |
West Yorkshire |
LS29 9LS |
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