Specialised Pneumatics Training Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 05655386

		31 March 2025		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,211		4,813
Tangible Assets	5		7,172		6,447

			11,383		11,260
Creditors: Amounts Falling Due Within One Year	6	(12,592 )		(31,624 )

NET CURRENT ASSETS (LIABILITIES)			(12,592 )		(31,624 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,209 )		(20,364 )

NET LIABILITIES			(1,209 )		(20,364 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(1,309 )		(20,464 )

SHAREHOLDERS' FUNDS			(1,209)		(20,364)

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gary Wallace-Potter

Director

03/09/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Specialised Pneumatics Training Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05655386 . The registered office is The Limes, 1339 High Road, London, N20 9HR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

These accounts have been prepared on a going concern basis with the continued support of the director.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and

the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the

date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated

amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to

the Profit and loss account over its useful economic life.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1 (2023: 1)

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Specialised Pneumatics Training Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	27,390

As at 31 March 2025	27,390

Amortisation
As at 1 January 2024	22,577
Provided during the period	602

As at 31 March 2025	23,179

Net Book Value
As at 31 March 2025	4,211

As at 1 January 2024	4,813

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	12,592	4,856	1,013	18,461
Additions	2,579	-	-	2,579

As at 31 March 2025	15,171	4,856	1,013	21,040

Depreciation
As at 1 January 2024	7,008	4,208	798	12,014
Provided during the period	1,692	122	40	1,854

As at 31 March 2025	8,700	4,330	838	13,868

Net Book Value
As at 31 March 2025	6,471	526	175	7,172

As at 1 January 2024	5,584	648	215	6,447

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 December 2023
	£	£
Bank loans and overdrafts	2,909	411
VAT	507	754
Accruals and deferred income	1,500	1,800
Director's loan account	7,676	28,659

	12,592	31,624

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Specialised Pneumatics Training Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

7. Share Capital

	31 March 2025	31 December 2023
	£	£
Allotted, Called up and fully paid	100	100

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