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REGISTERED NUMBER: 06744638 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SPECIALIST PROJECT INTEGRATION LTD

SPECIALIST PROJECT INTEGRATION LTD (REGISTERED NUMBER: 06744638)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPECIALIST PROJECT INTEGRATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: S A Wray





SECRETARY: Mrs D Wray





REGISTERED OFFICE: Suite 1
Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ





REGISTERED NUMBER: 06744638 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

SPECIALIST PROJECT INTEGRATION LTD (REGISTERED NUMBER: 06744638)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 22,513 29,537

CURRENT ASSETS
Stocks 188,792 132,284
Debtors 5 1,617,842 1,607,129
Cash at bank 219,301 212,289
2,025,935 1,951,702
CREDITORS
Amounts falling due within one year 6 (190,692 ) (202,121 )
NET CURRENT ASSETS 1,835,243 1,749,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,857,756

1,779,118

PROVISIONS FOR LIABILITIES (5,628 ) (5,612 )
NET ASSETS 1,852,128 1,773,506

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,852,028 1,773,406
SHAREHOLDERS' FUNDS 1,852,128 1,773,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

SPECIALIST PROJECT INTEGRATION LTD (REGISTERED NUMBER: 06744638)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2024 and were signed by:





S A Wray - Director


SPECIALIST PROJECT INTEGRATION LTD (REGISTERED NUMBER: 06744638)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Specialist Project Integration 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


SPECIALIST PROJECT INTEGRATION LTD (REGISTERED NUMBER: 06744638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

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.

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 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 December 2022 329,368
Additions 480
At 30 November 2023 329,848
DEPRECIATION
At 1 December 2022 299,831
Charge for year 7,504
At 30 November 2023 307,335
NET BOOK VALUE
At 30 November 2023 22,513
At 30 November 2022 29,537

SPECIALIST PROJECT INTEGRATION LTD (REGISTERED NUMBER: 06744638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,384,207 1,441,259
Other debtors 233,635 165,870
1,617,842 1,607,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 54,921 127,923
Taxation and social security 87,039 26,687
Other creditors 48,732 47,511
190,692 202,121

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary 1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£ £
S A Wray
Balance outstanding at start of year 136,081 147,700
Amounts advanced 342,188 136,381
Amounts repaid (326,440 ) (148,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 151,829 136,081

SPECIALIST PROJECT INTEGRATION LTD (REGISTERED NUMBER: 06744638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. RELATED PARTY DISCLOSURES

Beautiful Country Homes Ltd
During the year, the company repaid to Beautiful Country Homes Ltd £50,000, in which SA Wray and D Wray are directors and shareholders. At the balance sheet date the amounts due to the company was £745,373 (2022: £795,373)

Simon Wray Consulting Limited
At the balance sheet date the amounts due to the company was £392,864 (2022: £392,864). SA Wray is a director and shareholder, D Wray is a secretary and shareholder.

Silverstone Sports Cars Ltd
At the balance sheet date the amounts due to the company was £87,666 (2022: £87,666). SA Wray is a director and shareholder.

Green & Wray Limited
At the balance sheet date the amounts due to the company was £17,000 (2022: £17,000). SA Wray is a director and shareholder.

Simon & Simon Horticulture Limited
At the balance sheet date the amounts due to the company was £157 (2022: £157). SA Wray is a director and shareholder.

The company also provided services totalling £8,000 to the company.