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Registration number: 11805181

Spire Surveys Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Spire Surveys Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Spire Surveys Limited

Company Information

Directors

Mr T J Poole

Mrs E L Poole

Registered office

3 Robinson Grove
Longhedge
Salisbury
Wiltshire
SP4 6SH

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Spire Surveys Limited

(Registration number: 11805181)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

101,353

97,168

Current assets

 

Debtors

5

4,419

1,959

Cash at bank and in hand

 

9,336

19,612

 

13,755

21,571

Creditors: Amounts falling due within one year

6

(33,352)

(38,881)

Net current liabilities

 

(19,597)

(17,310)

Total assets less current liabilities

 

81,756

79,858

Creditors: Amounts falling due after more than one year

6

(48,316)

(45,087)

Provisions for liabilities

(19,256)

(18,461)

Net assets

 

14,184

16,310

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

14,174

16,300

Shareholders' funds

 

14,184

16,310

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 May 2025 and signed on its behalf by:
 

 

Spire Surveys Limited

(Registration number: 11805181)
Balance Sheet as at 28 February 2025 (continued)

.........................................
Mr T J Poole
Director

.........................................
Mrs E L Poole
Director

 

Spire Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 Robinson Grove
Longhedge
Salisbury
Wiltshire
SP4 6SH

These financial statements were authorised for issue by the Board on 21 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Spire Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% Reducing Balance

Specialist Equipment & Tools

10% Straight Line

Computer Equipment

20% Straight Line

Office Equipment

25% Reducing Balance

Leases

The finance element of the rental payment is charged to the income statement on a straight line basis.

 

Spire Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2

Accounting policies (continued)


Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

 

Spire Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4

Tangible assets

Office Equipment
£

Plant and machinery
£

Computer equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2024

-

41,200

6,221

79,221

126,642

Additions

288

-

-

39,729

40,017

Disposals

-

-

-

(33,634)

(33,634)

At 28 February 2025

288

41,200

6,221

85,316

133,025

Depreciation

At 1 March 2024

-

10,220

2,175

17,079

29,474

Charge for the year

30

3,120

1,245

14,055

18,450

Eliminated on disposal

-

-

-

(16,252)

(16,252)

At 28 February 2025

30

13,340

3,420

14,882

31,672

Carrying amount

At 28 February 2025

258

27,860

2,801

70,434

101,353

At 29 February 2024

-

30,980

4,046

62,142

97,168

The net book value of Motor Vehicles includes £68,425 (2024: £59,630) in respect of assets leased under finance leases or hire purchase contracts.
The net book value of Specialist Equipment & Tools includes £9,189 (2024: £10,443) in respect of assets leased under finance leases or hire purchase contracts.

5

Debtors

Current

2025
£

2024
£

Trade debtors

2,712

-

Prepayments

1,402

1,443

Other debtors

305

516

 

4,419

1,959

 

Spire Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

21,665

25,183

Taxation and social security

 

11,595

13,698

Other creditors

 

92

-

 

33,352

38,881

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

48,316

45,087

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

       

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

1,367

4,592

Hire purchase contracts

46,949

40,495

48,316

45,087

 

Spire Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

8

Loans and borrowings (continued)

Current loans and borrowings

2025
£

2024
£

Bank borrowings

3,225

3,146

Hire purchase contracts

18,440

22,037

21,665

25,183


Bank Loan

The loan is unsecured for a period of 17 months and attracts interest of 0% for the first 12 months and 2.5% per annum thereafter.
Repayments are made monthly. No repayments are due for the first 12 months.
Amounts due for repayment:
Less than 1 year: £3,225 (2024 - £3,147)
More than 1 year and less than 5 years: £1,367 (2024 - £4,592)

9

Dividends

2025

2024

£

£

Interim dividend of £4,755.00 (2024 - £5,850.00) per ordinary share

47,550

58,500

 

 

10

Related party transactions

Transactions with directors

2025

At 1 March 2024
£

Advances to director
£

Repayments by director
£

At 28 February 2025
£

Mr T J Poole

The loan is interest free with no fixed date of repayment.

516

655

(866)

305