R J Spruce Limited - Accounts to registrar (filleted) - small 18.2

R J Spruce Limited - Accounts to registrar (filleted) - small 18.2

R J SPRUCE LIMITED - Company Information

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REGISTERED NUMBER: 07785306 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

R J SPRUCE LIMITED
R J SPRUCE LIMITED (REGISTERED NUMBER: 07785306)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R J SPRUCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTOR: R Spruce





REGISTERED OFFICE: Oak Farm Barn
Heatherson Green Lane
Bickley
Cheshire
SY14 8EJ





REGISTERED NUMBER: 07785306 (England and Wales)





ACCOUNTANTS: Mattocks Grindley
18 Mulberry Avenue
Turnstone Park
Widnes
Cheshire
WA8 0WN
Page 1
R J SPRUCE LIMITED (REGISTERED NUMBER: 07785306)

ABRIDGED BALANCE SHEET
31 MARCH 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,626 4,415
Tangible assets 5 31,320 18,945
32,946 23,360

CURRENT ASSETS
Stocks 200 200
Debtors 83,584 86,283
Cash at bank 29,640 24,419
113,424 110,902
CREDITORS
Amounts falling due within one year 52,062 57,621
NET CURRENT ASSETS 61,362 53,281
TOTAL ASSETS LESS CURRENT LIABILITIES 94,308 76,641

CREDITORS
Amounts falling due after more than one
year
(3,917
)
-

PROVISIONS FOR LIABILITIES (5,950 ) (3,483 )
NET ASSETS 84,441 73,158

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 83,441 72,158
SHAREHOLDERS' FUNDS 84,441 73,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 form part of these financial statements

Page 2 continued...
R J SPRUCE LIMITED (REGISTERED NUMBER: 07785306)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2021


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2021 and were signed by:





R Spruce - Director


The notes form part of these financial statements

Page 3
R J SPRUCE LIMITED (REGISTERED NUMBER: 07785306)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

R J Spruce 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 in 2012, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Income Statement, 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.


Page 4 continued...
R J SPRUCE LIMITED (REGISTERED NUMBER: 07785306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2020 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2020
and 31 March 2021 27,889
AMORTISATION
At 1 April 2020 23,474
Amortisation for year 2,789
At 31 March 2021 26,263
NET BOOK VALUE

At 31 March 2021 1,626
At 31 March 2020 4,415

Page 5 continued...
R J SPRUCE LIMITED (REGISTERED NUMBER: 07785306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2020 59,444
Additions 24,950
Disposals (8,995 )
At 31 March 2021 75,399
DEPRECIATION
At 1 April 2020 40,499
Charge for year 10,440
Eliminated on disposal (6,860 )
At 31 March 2021 44,079
NET BOOK VALUE
At 31 March 2021 31,320
At 31 March 2020 18,945

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.21 31.3.20
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 6