2023-11-012024-10-312024-10-31false13695599SPMT LTD2025-04-0262020falseiso4217:GBPxbrli:pure136955992023-11-01136955992024-10-31136955992023-11-012024-10-31136955992022-11-01136955992023-10-31136955992022-11-012023-10-3113695599bus:SmallEntities2023-11-012024-10-3113695599bus:AuditExempt-NoAccountantsReport2023-11-012024-10-3113695599bus:AbridgedAccounts2023-11-012024-10-3113695599bus:PrivateLimitedCompanyLtd2023-11-012024-10-3113695599core:WithinOneYear2024-10-3113695599core:AfterOneYear2024-10-3113695599core:WithinOneYear2023-10-3113695599core:AfterOneYear2023-10-3113695599core:ShareCapital2024-10-3113695599core:SharePremium2024-10-3113695599core:RevaluationReserve2024-10-3113695599core:OtherReservesSubtotal2024-10-3113695599core:RetainedEarningsAccumulatedLosses2024-10-3113695599core:ShareCapital2023-10-3113695599core:SharePremium2023-10-3113695599core:RevaluationReserve2023-10-3113695599core:OtherReservesSubtotal2023-10-3113695599core:RetainedEarningsAccumulatedLosses2023-10-3113695599core:LandBuildings2024-10-3113695599core:PlantMachinery2024-10-3113695599core:Vehicles2024-10-3113695599core:FurnitureFittings2024-10-3113695599core:OfficeEquipment2024-10-3113695599core:NetGoodwill2024-10-3113695599core:IntangibleAssetsOtherThanGoodwill2024-10-3113695599core:ListedExchangeTraded2024-10-3113695599core:UnlistedNon-exchangeTraded2024-10-3113695599core:LandBuildings2023-10-3113695599core:PlantMachinery2023-10-3113695599core:Vehicles2023-10-3113695599core:FurnitureFittings2023-10-3113695599core:OfficeEquipment2023-10-3113695599core:NetGoodwill2023-10-3113695599core:IntangibleAssetsOtherThanGoodwill2023-10-3113695599core:ListedExchangeTraded2023-10-3113695599core:UnlistedNon-exchangeTraded2023-10-3113695599core:LandBuildings2023-11-012024-10-3113695599core:PlantMachinery2023-11-012024-10-3113695599core:Vehicles2023-11-012024-10-3113695599core:FurnitureFittings2023-11-012024-10-3113695599core:OfficeEquipment2023-11-012024-10-3113695599core:NetGoodwill2023-11-012024-10-3113695599core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3113695599core:ListedExchangeTraded2023-11-012024-10-3113695599core:UnlistedNon-exchangeTraded2023-11-012024-10-3113695599core:MoreThanFiveYears2023-11-012024-10-3113695599core:Non-currentFinancialInstruments2024-10-3113695599core:Non-currentFinancialInstruments2023-10-3113695599dpl:CostSales2023-11-012024-10-3113695599dpl:DistributionCosts2023-11-012024-10-3113695599core:LandBuildings2023-11-012024-10-3113695599core:PlantMachinery2023-11-012024-10-3113695599core:Vehicles2023-11-012024-10-3113695599core:FurnitureFittings2023-11-012024-10-3113695599core:OfficeEquipment2023-11-012024-10-3113695599dpl:AdministrativeExpenses2023-11-012024-10-3113695599core:NetGoodwill2023-11-012024-10-3113695599core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3113695599dpl:GroupUndertakings2023-11-012024-10-3113695599dpl:ParticipatingInterests2023-11-012024-10-3113695599dpl:GroupUndertakingscore:ListedExchangeTraded2023-11-012024-10-3113695599core:ListedExchangeTraded2023-11-012024-10-3113695599dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-11-012024-10-3113695599core:UnlistedNon-exchangeTraded2023-11-012024-10-3113695599dpl:CostSales2022-11-012023-10-3113695599dpl:DistributionCosts2022-11-012023-10-3113695599core:LandBuildings2022-11-012023-10-3113695599core:PlantMachinery2022-11-012023-10-3113695599core:Vehicles2022-11-012023-10-3113695599core:FurnitureFittings2022-11-012023-10-3113695599core:OfficeEquipment2022-11-012023-10-3113695599dpl:AdministrativeExpenses2022-11-012023-10-3113695599core:NetGoodwill2022-11-012023-10-3113695599core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3113695599dpl:GroupUndertakings2022-11-012023-10-3113695599dpl:ParticipatingInterests2022-11-012023-10-3113695599dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3113695599core:ListedExchangeTraded2022-11-012023-10-3113695599dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3113695599core:UnlistedNon-exchangeTraded2022-11-012023-10-3113695599core:NetGoodwill2024-10-3113695599core:IntangibleAssetsOtherThanGoodwill2024-10-3113695599core:LandBuildings2024-10-3113695599core:PlantMachinery2024-10-3113695599core:Vehicles2024-10-3113695599core:FurnitureFittings2024-10-3113695599core:OfficeEquipment2024-10-3113695599core:AfterOneYear2024-10-3113695599core:WithinOneYear2024-10-3113695599core:ListedExchangeTraded2024-10-3113695599core:UnlistedNon-exchangeTraded2024-10-3113695599core:ShareCapital2024-10-3113695599core:SharePremium2024-10-3113695599core:RevaluationReserve2024-10-3113695599core:OtherReservesSubtotal2024-10-3113695599core:RetainedEarningsAccumulatedLosses2024-10-3113695599core:NetGoodwill2023-10-3113695599core:IntangibleAssetsOtherThanGoodwill2023-10-3113695599core:LandBuildings2023-10-3113695599core:PlantMachinery2023-10-3113695599core:Vehicles2023-10-3113695599core:FurnitureFittings2023-10-3113695599core:OfficeEquipment2023-10-3113695599core:AfterOneYear2023-10-3113695599core:WithinOneYear2023-10-3113695599core:ListedExchangeTraded2023-10-3113695599core:UnlistedNon-exchangeTraded2023-10-3113695599core:ShareCapital2023-10-3113695599core:SharePremium2023-10-3113695599core:RevaluationReserve2023-10-3113695599core:OtherReservesSubtotal2023-10-3113695599core:RetainedEarningsAccumulatedLosses2023-10-3113695599core:NetGoodwill2022-11-0113695599core:IntangibleAssetsOtherThanGoodwill2022-11-0113695599core:LandBuildings2022-11-0113695599core:PlantMachinery2022-11-0113695599core:Vehicles2022-11-0113695599core:FurnitureFittings2022-11-0113695599core:OfficeEquipment2022-11-0113695599core:AfterOneYear2022-11-0113695599core:WithinOneYear2022-11-0113695599core:ListedExchangeTraded2022-11-0113695599core:UnlistedNon-exchangeTraded2022-11-0113695599core:ShareCapital2022-11-0113695599core:SharePremium2022-11-0113695599core:RevaluationReserve2022-11-0113695599core:OtherReservesSubtotal2022-11-0113695599core:RetainedEarningsAccumulatedLosses2022-11-0113695599core:AfterOneYear2023-11-012024-10-3113695599core:WithinOneYear2023-11-012024-10-3113695599core:Non-currentFinancialInstrumentscore:CostValuation2023-11-012024-10-3113695599core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-012024-10-3113695599core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-012024-10-3113695599core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-012024-10-3113695599core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-012024-10-3113695599core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-012024-10-3113695599core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3113695599core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3113695599core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3113695599core:Non-currentFinancialInstrumentscore:CostValuation2024-10-3113695599core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-10-3113695599core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-10-3113695599core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-10-3113695599core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-10-3113695599core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-10-3113695599core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-10-3113695599core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-10-3113695599core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-10-3113695599core:Non-currentFinancialInstrumentscore:CostValuation2023-10-3113695599core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-3113695599core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-3113695599core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-3113695599core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-3113695599core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-3113695599core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-3113695599core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-3113695599core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-3113695599bus:Director12023-11-012024-10-31

SPMT LTD

Registered Number
13695599
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

SPMT LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

MALDONADO TURCI, Salvador Pablo

Registered Address

20-22 Wenlock Road
London
N1 7GU

Registered Number

13695599 (England and Wales)
SPMT LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3167,90928,178
Tangible assets44,4972,332
172,40630,510
Current assets
Debtors3,63312,282
Current asset investments142,822-
Cash at bank and on hand4,570139,226
151,025151,508
Creditors amounts falling due within one year(41,393)(45,002)
Net current assets (liabilities)109,632106,506
Total assets less current liabilities282,038137,016
Provisions for liabilities(1,080)(513)
Net assets280,958136,503
Capital and reserves
Called up share capital11
Revaluation reserve49,4574,096
Profit and loss account231,500132,406
Shareholders' funds280,958136,503
The financial statements were approved and authorised for issue by the Director on 2 April 2025, and are signed on its behalf by:
MALDONADO TURCI, Salvador Pablo
Director
Registered Company No. 13695599
SPMT LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at their revalued amount at the end of the year
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Total

£
Cost or valuation
At 01 November 2328,178
Additions120,965
Revaluations45,361
Disposals(26,595)
At 31 October 24167,909
Net book value
At 31 October 24167,909
At 31 October 2328,178
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 233,599
Additions4,334
At 31 October 247,933
Depreciation and impairment
At 01 November 231,267
Charge for year2,169
At 31 October 243,436
Net book value
At 31 October 244,497
At 31 October 232,332