Spence (insurance Services) Ltd. in Bathgate, EH48 2TQ

Description

Data updated on: 01-11-2023

Spence (insurance Services) is a company situated at EH48 2TQ Bathgate at Unit 2 Wester Inch Business Park. The firm was formed in 1990 and is registered under reg. no. SC124134. The firm has been on the British market for 34 years now and its current status is active. This business's classified under the NACE and SIC code 65120: Non-life insurance. The business most recent annual accounts describe the period up to Wednesday 31st August 2022 and the most recent annual confirmation statement was released on Sunday 16th April 2023.

In order to be able to match the demands of the customers, the following firm is constantly being developed by a unit of three directors who are Stewart S., William S. and Catherine S.. Their mutual commitment has been of critical importance to the firm for twenty seven years. Additionally, the managing director's tasks are regularly aided with by a secretary - William S., who was appointed by the firm in April 1990.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-08-31	2012-08-31	2013-08-31	2014-08-31	2015-08-31	2016-08-31	2017-08-31	2018-08-31	2019-08-31	2020-08-31	2021-08-31	2022-08-31	2023-08-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth		800 102	823 548	807 456	954 344	1 095 965

Balance Sheet
Cash Bank On Hand						134 154	282 048	440 359	419 509	595 432	503 153	828 782	683 051
Current Assets	475 455	571 223	602 667	561 588	1 001 916	983 071	1 131 025	1 289 375	1 249 614	1 446 563	1 353 545	1 678 073	1 590 229
Debtors	462 897	462 924	462 925	506 049	849 274	848 917	848 977	849 016	830 105	851 131	850 392	849 291	907 178
Net Assets Liabilities						1 095 964	1 311 814	1 554 331	1 654 896	1 875 253	2 051 204	2 386 154	2 597 341
Other Debtors							63	102	141	153
Property Plant Equipment						1 205 827	1 205 220	1 204 698	1 204 371	140	65 733	51 764	43 793
Cash Bank In Hand	12 558	108 299	139 742	55 539	152 642	134 154
Net Assets Liabilities Including Pension Asset Liability	719 164	800 102	823 548	807 456	954 344	1 095 965
Tangible Fixed Assets	1 221 467	1 220 997	1 212 575	1 211 077	1 207 383	1 205 828

Capital & Reserves
Called Up Share Capital	6 900	6 900	6 900	6 900	6 900	6 900
Profit Loss Account Reserve	508 553	589 491	612 936	596 844	743 732	885 353
Shareholder Funds		800 102	823 548	807 456	954 344	1 095 965

Other Financial Data
Accrued Liabilities							52 730	2 681	2 968	21 554	6 605	5 896	39 731
Accumulated Depreciation Impairment Property Plant Equipment						26 742	28 053	28 576	28 902	29 133	45 707	47 372	66 690
Additions Other Than Through Business Combinations Intangible Assets										4 000
Additions Other Than Through Business Combinations Property Plant Equipment							704
Administrative Expenses							635 720	664 189
Amounts Owed By Related Parties							848 914	848 914	829 964	849 974
Amount Specific Bank Loan						733 361	681 567	629 557
Average Number Employees During Period							17	14	14	12	12	13	13
Bank Borrowings						680 132	629 791	577 781	507 645	510 514	323 934	266 584
Comprehensive Income Expense							305 850	332 517
Creditors						680 132	629 791	577 781	507 645	446 296	268 009	208 345	233 658
Decrease In Loans Owed By Related Parties Due To Loans Repaid									-18 950
Depreciation Expense Property Plant Equipment							1 311	522
Dividend Per Share Interim							13	13
Dividends Paid							-90 000	-90 000
Fixed Assets		1 220 996	1 212 575	1 211 077	1 207 383	1 205 828			1 204 371	1 208 140	1 273 733	1 259 764	1 251 793
Further Item Creditors Component Total Creditors							422 687	370 677	250 776	189 427
Income From Other Fixed Asset Investments							5 206	2 216
Increase From Depreciation Charge For Year Property Plant Equipment							1 311	522	326	231	16 574	17 050	19 318
Increase In Loans Owed By Related Parties Due To Loans Advanced							60
Intangible Assets										4 000	4 000	4 000	4 000
Intangible Assets Gross Cost										4 000	4 000	4 000
Interest Payable Similar Charges Finance Costs								90
Loans Owed By Related Parties						848 854	848 914	848 914	829 964
Net Current Assets Liabilities	234 849	242 555	186 605	138 859	482 221	570 268	736 346	927 375	958 157	1 113 409	1 057 819	1 344 447	1 356 571
Number Shares Issued Fully Paid							6 900	6 900	6 900	6 900
Operating Profit Loss							378 265	409 809
Other Creditors							283 380	301 804	170 826	166 711
Other Interest Receivable Similar Income Finance Income							260	485
Par Value Share		1	1	1	1	1		1	1	1
Prepayments										1 000
Profit Loss							305 850	332 517
Profit Loss On Ordinary Activities Before Tax							383 731	412 420
Property Plant Equipment Gross Cost						1 232 569	1 233 273	1 233 273	1 233 273	29 273	111 440	99 136	110 483
Provisions For Liabilities Balance Sheet Subtotal						-63	-39	-39	-13	-3	12 339	9 712	11 023
Taxation Social Security Payable							6 792	5 738	53 445	80 670
Tax Tax Credit On Profit Or Loss On Ordinary Activities							77 881	79 903
Total Assets Less Current Liabilities	1 456 316	1 463 552	1 399 180	1 349 936	1 689 604	1 776 096	1 941 566	2 132 073	2 162 528	2 321 549	2 331 552	2 604 211	2 608 364
Total Borrowings							629 791	577 781	507 645	446 295
Turnover Revenue							1 013 985	1 073 998
Amount Specific Advance Or Credit Directors							77 694	78 499	57 542	59 037	81 373	56 371	9 103
Amount Specific Advance Or Credit Made In Period Directors							-18 163	-12 202	-20 956	1 495	22 336	4 122	47 268
Amount Specific Advance Or Credit Repaid In Period Directors								805				25 002
Company Contributions To Money Purchase Plans Directors							80 000	120 000
Director Remuneration							39 500	43 600
Amounts Owed By Group Undertakings										849 974	850 392	849 291	907 178
Bank Borrowings Overdrafts										189 427	44 314	58 239
Corporation Tax Payable										73 984	50 882	104 656	86 896
Investment Property										1 204 000	1 204 000	1 204 000	1 204 000
Investment Property Fair Value Model										1 204 000	1 204 000	1 204 000
Other Taxation Social Security Payable										6 686	7 540	9 501	9 574
Total Additions Including From Business Combinations Property Plant Equipment											82 167	3 081	11 347
Trade Creditors Trade Payables												1 440	288
Deferred Tax Assets										157
Disposals Decrease In Depreciation Impairment Property Plant Equipment												15 385
Disposals Property Plant Equipment												15 385
Bank Borrowings Overdrafts Secured	687 220	613 498
Borrowings	687 220	613 498
Capital Employed	719 164	800 102
Creditors Due After One Year	734 719	660 998	574 031	541 702	735 106	680 131
Creditors Due Within One Year	240 606	376 167	416 062	422 729	519 695	412 803
Instalment Debts Due After5 Years				387 254	529 174	467 215
Number Shares Allotted		6 900	6 900	6 900	6 900	6 900
Provisions For Liabilities Charges	2 433	2 452	1 601	778	154
Revaluation Reserve	203 711	203 711	203 712	203 712	203 712	203 712
Share Capital Allotted Called Up Paid	6 900	6 900
Tangible Fixed Assets Additions		8 936
Tangible Fixed Assets Cost Or Valuation	1 246 708	1 255 644
Tangible Fixed Assets Depreciation	25 241	34 647
Tangible Fixed Assets Depreciation Charged In Period		9 406
Value Shares Allotted		6 900	6 900	6 900	6 900	6 900

Company staff

Stewart S.

Role: Director

Appointed: 01 January 1997

Latest update: 20 February 2024

William S.

Role: Secretary

Appointed: 03 April 1990

Latest update: 20 February 2024

William S.

Role: Director

Appointed: 03 April 1990

Latest update: 20 February 2024

Catherine S.

Role: Director

Appointed: 03 April 1990

Latest update: 20 February 2024

People with significant control

Executives with significant control over this firm are: Stewart S. owns 1/2 or less of company shares. William S. owns 1/2 or less of company shares. Catherine S. owns 1/2 or less of company shares.

Stewart S.

Notified on 6 April 2016

Nature of control:

1/2 or less of shares

William S.

Notified on 6 April 2016

Nature of control:

1/2 or less of shares

Catherine S.

Notified on 6 April 2016

Nature of control:

1/2 or less of shares

Accounts Documents

Account next due date	31 May 2024
Account last made up date	31 August 2022
Confirmation statement next due date	30 April 2024
Confirmation statement last made up date	16 April 2023

Annual Accounts 26 September 2012
Start Date For Period Covered By Report	2011-09-01
End Date For Period Covered By Report	31 August 2012
Date Approval Accounts	26 September 2012
Annual Accounts 25 November 2013
Start Date For Period Covered By Report	2012-09-01
End Date For Period Covered By Report	2013-08-31
Date Approval Accounts	25 November 2013
Annual Accounts 19 November 2014
Start Date For Period Covered By Report	2013-09-01
End Date For Period Covered By Report	2014-08-31
Date Approval Accounts	19 November 2014
Annual Accounts 10 November 2015
Start Date For Period Covered By Report	2014-09-01
End Date For Period Covered By Report	2015-08-31
Date Approval Accounts	10 November 2015
Annual Accounts 13 October 2016
Start Date For Period Covered By Report	2015-09-01
End Date For Period Covered By Report	2016-08-31
Date Approval Accounts	13 October 2016
Annual Accounts
Start Date For Period Covered By Report	2016-09-01
End Date For Period Covered By Report	2017-08-31
Annual Accounts
Start Date For Period Covered By Report	2017-09-01
End Date For Period Covered By Report	2018-08-31
Annual Accounts
Start Date For Period Covered By Report	2018-09-01
End Date For Period Covered By Report	2019-08-31
Annual Accounts
Start Date For Period Covered By Report	2019-09-01
End Date For Period Covered By Report	2020-08-31
Annual Accounts
Start Date For Period Covered By Report	01 September 2020
End Date For Period Covered By Report	31 August 2021
Annual Accounts
Start Date For Period Covered By Report	01 September 2021
End Date For Period Covered By Report	31 August 2022
Annual Accounts
Start Date For Period Covered By Report	01 September 2022
End Date For Period Covered By Report	31 August 2023

Spence (insurance Services) Ltd.

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Stewart S.

William S.

William S.

Catherine S.

Joanne W.

People with significant control

Stewart S.

William S.

Catherine S.

Accounts Documents

Company filings

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