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| Spence & Sawyer Properties Limited |
For the year ended 31 October 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03406217
2
Spence & Sawyer Properties Limited
For the year ended 31 October 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Spence & Sawyer Properties Limited
Accountants' Report
For the year ended 31 October 2015
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
| accounts of Spence & Sawyer Properties Limited for the year ended 31 October 2015 which comprise the Profit |
| and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from |
| information and explanations you have given us. |
| As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other |
| professional requirements which are detailed at http://rulebook.accaglobal.com. |
| This report is made solely to the Board of Directors of Spence & Sawyer Properties Limited, as a body, in |
| accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your |
| approval the accounts of Spence & Sawyer Properties Limited and state those matters that we have agreed to |
| state to the Board of Directors of Spence & Sawyer Properties Limited, as a body, in this report in accordance with |
| the requirements of the Association of Chartered Certified Accountants and 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 Spence & Sawyer Properties Limited and its Board of Directors as a body for our |
| work or for this report. |
| It is your duty to ensure that Spence & Sawyer Properties Limited has kept adequate accounting records and to |
| prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of |
| Spence & Sawyer Properties Limited. You consider that Spence & Sawyer Properties Limited is exempt from the |
| statutory audit requirement for the year. |
Fulwells
Epic House
128 Fulwell Road
Teddington
Middlesex
TW11 0RQ
22 June 2016
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4
| Abbreviated Balance Sheet |
Spence & Sawyer Properties Limited
2015
2014
2
50,449
75,674
3
9,367
12,114
59,816
87,788
1,031
972
8,739
8,313
93,132
95,446
102,417
105,216
| Creditors: amounts falling due within one year |
(13,008)
(12,774)
92,208
89,643
Net current assets
| Total assets less current liabilities |
149,459
179,996
| Creditors: amounts falling due after more than one year |
(2,073)
(2,073)
(2,270)
(2,318)
| Provisions for liabilities |
145,116
Net assets
175,605
200,002
4
200,002
(54,886)
(24,397)
145,116
175,605
Shareholders funds
| For the year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 22 June 2016 |
| Helen Lucy Sawyer Director |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Spence & Sawyer Properties Limited
For the year ended 31 October 2015
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover comprises the invoiced value of goods and services supplied by the company.
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 5 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor Vehicles
Fixtures and Fittings
| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
126,124
126,124
50,450
25,225
Charge for year
75,675
50,449
75,674
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Spence & Sawyer Properties Limited
For the year ended 31 October 2015
26,085
374
26,459
13,971
3,121
Charge for year
17,092
9,367
12,114
| Allotted called up and fully paid |
2015
2014
| 200,002 Ordinary shares of £1.00 each |
200,002
200,002
200,002
200,002
| At the Balance Sheet date Mrs L Sawyer was owed £2,072 (2014 £2,072) and Mrs H Sawyer owed £5,694 (2014 £5,694). |
4 of 4
