The Spencer Group Limited - Accounts to registrar (filleted) - small 18.2

The Spencer Group Limited - Accounts to registrar (filleted) - small 18.2

THE SPENCER GROUP LIMITED - Company Information

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REGISTERED NUMBER: 04179163 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

THE SPENCER GROUP LIMITED
THE SPENCER GROUP LIMITED (REGISTERED NUMBER: 04179163)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SPENCER GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTOR: J Minett





REGISTERED OFFICE: Spaces
9 Greyfriars Road
Reading
RG1 1NU





REGISTERED NUMBER: 04179163 (England and Wales)





ACCOUNTANTS: NG Accounting & Tax Limited
Johnstone House
2a Gordon Road
West Bridgford
Nottingham
NG2 5LN
Page 1
THE SPENCER GROUP LIMITED (REGISTERED NUMBER: 04179163)

BALANCE SHEET
31 DECEMBER 2019

2019 2018
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,260 2,602
2,260 2,602

CURRENT ASSETS
Debtors 6 130,253 203,491
Cash at bank 161,432 92,802
291,685 296,293
CREDITORS
Amounts falling due within one year 7 (186,767 ) (243,913 )
NET CURRENT ASSETS 104,918 52,380
TOTAL ASSETS LESS CURRENT LIABILITIES 107,178 54,982

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,078 54,882
SHAREHOLDERS' FUNDS 107,178 54,982

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes on pages 4 to 6 form part of these financial statements

Page 2 continued...
THE SPENCER GROUP LIMITED (REGISTERED NUMBER: 04179163)

BALANCE SHEET - continued
31 DECEMBER 2019


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 director and authorised for issue on 16 September 2020 and were
signed by:





J Minett - Director


The notes on pages 4 to 6 form part of these financial statements

Page 3
THE SPENCER GROUP LIMITED (REGISTERED NUMBER: 04179163)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

The Spencer Group 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.

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, has now been fully
amortised.

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 - 25% on cost

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.

Page 4 continued...
THE SPENCER GROUP LIMITED (REGISTERED NUMBER: 04179163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2019
and 31 December 2019 70,000
AMORTISATION
At 1 January 2019
and 31 December 2019 70,000
NET BOOK VALUE
At 31 December 2019 -
At 31 December 2018 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2019 87,051
Additions 3,300
Disposals (39,050 )
At 31 December 2019 51,301
DEPRECIATION
At 1 January 2019 84,449
Charge for year 3,642
Eliminated on disposal (39,050 )
At 31 December 2019 49,041
NET BOOK VALUE
At 31 December 2019 2,260
At 31 December 2018 2,602

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 117,189 180,603
Other debtors 13,064 22,888
130,253 203,491

Page 5 continued...
THE SPENCER GROUP LIMITED (REGISTERED NUMBER: 04179163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 9,922 12,620
Amounts owed to group undertakings 11,377 30,000
Taxation and social security 98,939 106,690
Other creditors 66,529 94,603
186,767 243,913

8. RELATED PARTY DISCLOSURES

The company paid dividends to it's parent company The Spencer Group Holdings Limited of £200,653 (2018:
£133,364).

As at the 31 December 2019 the company owed its parent company The Spencer Group Holdings Limited
£11,377 (2018: £30,000).

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of The Spencer Group Holdings Limited, a company controlled by
the director.

Page 6