Spencer Hayes Group Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08387569 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Spencer Hayes Group Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

Mr D E Page

Mr P J G Bentley

Mr M Kirker

Mr D H Robinson

Mr B N Tombs

Registered office:

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

Registered number:

08387569 (England and Wales)

Accountants:

Allen Mills Howard & Co

Chartered Certified Accountants

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Spencer Hayes Group Ltd for the year ended 31 March 2019 which comprise the Statement of

Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Spencer Hayes Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spencer Hayes Group Ltd and state those matters that we have agreed to state to the Board of Directors of Spencer Hayes Group Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spencer Hayes Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spencer Hayes Group Ltd. You consider that Spencer Hayes Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spencer Hayes Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Allen Mills Howard & Co

Chartered Certified Accountants

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

20 December 2019

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

6,999

521

6,999

521

Current assets

Debtors

6

760,340

210,929

Cash at bank

110,474

252,717

870,814

463,646

Creditors

Amounts falling due within one year

7

821,360

380,621

Net current assets

49,454

83,025

Total assets less current liabilities

56,453

83,546

Provisions for liabilities

1,330

94

Net assets

55,123

83,452

Capital and reserves

Called up share capital

8

200

200

Retained earnings

54,923

83,252

Shareholders' funds

55,123

83,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 20 December 2019 and were signed on its behalf by:

Mr P J G Bentley - Director

Mr D E Page - Director

1.	Statutory information

Spencer Hayes Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

3.	Employees and directors

The average number of employees during the year was 7 (2018 - 5 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2018

and 31 March 2019

5,000

Amortisation

At 1 April 2018

and 31 March 2019

5,000

Net book value

At 31 March 2019

-

At 31 March 2018

-

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2018

895

2,741

3,636

Additions

5,058

3,383

8,441

At 31 March 2019

5,953

6,124

12,077

Depreciation

At 1 April 2018

374

2,741

3,115

Charge for year

836

1,127

1,963

At 31 March 2019

1,210

3,868

5,078

Net book value

At 31 March 2019

4,743

2,256

6,999

At 31 March 2018

521

-

521

6.

Debtors

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

718,006

199,119

Other debtors

38,034

11,810

756,040

210,929

Amounts falling due after more than one year:

Other debtors

4,300

-

Aggregate amounts

760,340

210,929

7.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

805,474

324,144

Taxation and social security

13,639

31,941

Other creditors

2,247

24,536

821,360

380,621

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

£

Mr P J G Bentley

Balance outstanding at start of year

-

-

Amounts advanced

14,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,000

-

Mr D E Page

Balance outstanding at start of year

10,000

-

Amounts advanced

24,000

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,000

10,000