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REGISTERED NUMBER: 09958760 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

FOR

SPECIALIST PILING SOLUTIONS LIMITED

SPECIALIST PILING SOLUTIONS LIMITED (REGISTERED NUMBER: 09958760)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 3


SPECIALIST PILING SOLUTIONS LIMITED (REGISTERED NUMBER: 09958760)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 2,962 -
Tangible assets 5 712,041 598,806
715,003 598,806

Current assets
Debtors 6 604,327 657,671
Cash at bank and in hand 396,173 537,761
1,000,500 1,195,432
Creditors
Amounts falling due within one year 7 523,824 803,939
Net current assets 476,676 391,493
Total assets less current liabilities 1,191,679 990,299

Creditors
Amounts falling due after more than one year 8 (116,145 ) (138,986 )

Provisions for liabilities 10 (178,751 ) (149,702 )
Net assets 896,783 701,611

Capital and reserves
Called up share capital 11 100 100
Revaluation reserve 12 105,703 101,883
Retained earnings 790,980 599,628
Shareholders' funds 896,783 701,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 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 PILING SOLUTIONS LIMITED (REGISTERED NUMBER: 09958760)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





Mr J Calcinotto - Director


SPECIALIST PILING SOLUTIONS LIMITED (REGISTERED NUMBER: 09958760)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024


1. Statutory information

Specialist Piling Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09958760. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is First Floor South, Waterloo House, Fleets Corner Business Park, Poole, Dorset, BH17 0HL

The companies year end was shortened to the 30 September 2024 and therefore the comparative period is not entirely comparable.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable for the sale of goods and services supplied in the year, net of VAT and trade discounts.

Intangible assets
Computer software is written over its useful life which is deemed to be 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 taxation
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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

SPECIALIST PILING SOLUTIONS LIMITED (REGISTERED NUMBER: 09958760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024


2. Accounting policies - continued

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.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3. Employees and directors

The average number of employees during the period was 13 (2023 - 13 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 January 2024 7,500
Additions 3,949
At 30 September 2024 11,449
Amortisation
At 1 January 2024 7,500
Charge for period 987
At 30 September 2024 8,487
Net book value
At 30 September 2024 2,962
At 31 December 2023 -

SPECIALIST PILING SOLUTIONS LIMITED (REGISTERED NUMBER: 09958760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024


5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost or valuation
At 1 January 2024 796,374 - 90,442 886,816
Additions 164,537 12,701 49,275 226,513
Disposals - - (37,884 ) (37,884 )
At 30 September 2024 960,911 12,701 101,833 1,075,445
Depreciation
At 1 January 2024 234,858 - 53,152 288,010
Charge for period 81,681 2,381 13,234 97,296
Eliminated on disposal - - (21,902 ) (21,902 )
At 30 September 2024 316,539 2,381 44,484 363,404
Net book value
At 30 September 2024 644,372 10,320 57,349 712,041
At 31 December 2023 561,516 - 37,290 598,806

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Valuation in 2023 135,844 - - 135,844
Cost 825,067 12,701 101,833 939,601
960,911 12,701 101,833 1,075,445

If plant and machinery had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 825,067 660,530
Aggregate depreciation 301,257 234,859

Plant and machinery were valued on an open market basis on 30 September 2024 by the director .

SPECIALIST PILING SOLUTIONS LIMITED (REGISTERED NUMBER: 09958760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost or valuation
At 1 January 2024 618,014 37,884 655,898
Additions 150,000 - 150,000
Disposals - (37,884 ) (37,884 )
Transfer to ownership (160,000 ) - (160,000 )
At 30 September 2024 608,014 - 608,014
Depreciation
At 1 January 2024 189,652 21,902 211,554
Charge for period 65,065 - 65,065
Eliminated on disposal - (21,902 ) (21,902 )
Transfer to ownership (64,490 ) - (64,490 )
At 30 September 2024 190,227 - 190,227
Net book value
At 30 September 2024 417,787 - 417,787
At 31 December 2023 428,362 15,982 444,344

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 272,660 287,696
Amounts recoverable on contract 244,000 346,300
Other debtors 23,657 -
Directors' current accounts - 8,934
VAT 45,218 13,646
Prepayments and accrued income 18,792 1,095
604,327 657,671

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 32,000 32,000
Hire purchase contracts 113,689 119,100
Trade creditors 267,350 382,606
Amounts owed to group undertakings 52,704 189,294
Tax 38,042 50,524
Social security and other taxes 12,482 16,857
Other creditors 3,607 10,408
Accruals and deferred income 3,950 3,150
523,824 803,939

SPECIALIST PILING SOLUTIONS LIMITED (REGISTERED NUMBER: 09958760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 21,333 32,000
Bank loans - 2-5 years - 13,333
Hire purchase contracts 94,812 93,653
116,145 138,986

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 53,333 77,333
Hire purchase contracts 208,501 212,753
261,834 290,086

Amounts owing under hire purchase agreements are secured against the assets to which they relate.

All amounts becoming due to HSBC UK are secured against all assets of the company by way of a legal charge dated 12 February 2020.

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 178,751 149,702

Deferred
tax
£   
Balance at 1 January 2024 149,702
Charge to Statement of comprehensive income during period 29,049
Balance at 30 September 2024 178,751

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100

12. Reserves
Revaluation
reserve
£   
At 1 January 2024 101,883
Revaluation reserve - Plant and machinery 3,820

At 30 September 2024 105,703

SPECIALIST PILING SOLUTIONS LIMITED (REGISTERED NUMBER: 09958760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024


13. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 30 September 2024 and the year ended 31 December 2023:

2024 2023
£    £   
Mr J Calcinotto
Balance outstanding at start of period 8,934 -
Amounts advanced - 8,934
Amounts repaid (8,934 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 8,934

At the balance sheet date the Director, Mr J Calcinotto, owed the company £nil. (2023 - £8,934). The amount that was previously outstanding was interest free.

14. Related party disclosures

The balance of £23,657 within other debtors relates to a loan made to a relative of the director. The balance is interest free and repayable on demand.

15. Ultimate controlling party

The ultimate controlling party is the director Mr J Calcinotto by virtue of his 68% holding in the parent company.